One of the most effective investment strategies is buy and hold investing.
With this strategy investors will buy the shares of quality companies (with positive long term outlooks) and hold onto them for as long as the investment thesis remains intact.
But which shares should you buy? Here are three mid cap ASX shares that I think would be quality buy and hold options:
BINGO Industries Ltd (ASX: BIN)
BINGO is one of Australia’s leading waste management companies. I think it would be a great long term option for investors. This is due its expansion plans and the recent acquisition of rival Dial a Dump Industries. This acquisition has allowed BINGO to be fully vertically integrated from collections to landfill. It also makes it the largest player in B&D waste in Sydney and provides some much-needed diversification. And while its short term performance is likely to be impacted by the pandemic, I expect things to recover quickly once the crisis passes.
Collins Foods Ltd (ASX: CKF)
Another mid cap to consider buying is Collins Foods. It is one of the region’s largest quick service restaurant operators with 240 KFC stores in Australia, 41 KFC stores in Europe, 12 Taco Bell restaurants in Australia, and 75 franchised Sizzler restaurants across Asia. I believe it would be a great long term option due to its sizeable opportunity in the under-penetrated European market. It has a significant expansion opportunity over the next decade, which could underpin strong earnings growth.
Nearmap Ltd (ASX: NEA)
A final option to consider is Nearmap. It is a leading aerial imagery technology and location data company that gives businesses instant access to high resolution aerial imagery, city-scale 3D datasets, and integrated geospatial tools. This helps users conduct virtual site visits, which enables informed decisions, streamlined operations, and ultimately significant cost savings. While its growth has taken a bit of a hit this year, I believe this is just a temporary hiccup and its long term potential remains extremely positive.
And here is a fourth option that could provide investors with very strong long term returns. No wonder this leading analyst is urging investors to go all in with it…
One “All In” ASX Buy Alert, that could be one of our greatest discoveries
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This under-the-radar ASX recommendation is virtually unknown among individual investors, and no wonder.
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Potential returns of 1X, 2X and even 3X are all in play. Best of all, you could hold onto this little-known equity for DECADES to come.
Simply click here to see how you can find out the name of this ‘all in’ buy alert… before the next stock market rally.
More reading
- These were the best performing ASX 200 shares last week
- Here are all the ASX 200 shares that have doubled or more since the bottom of the bear market
- ASX retail stocks facing new billion-dollar earnings scare during COVID-19 recovery
- ASX 200 market close: Share market up 1.8%
- These mid cap ASX shares could grow into large caps in the future
Motley Fool contributor James Mickleboro owns shares of Collins Foods Limited. The Motley Fool Australia owns shares of and has recommended Nearmap Ltd. The Motley Fool Australia has recommended Collins Foods Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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