The ASX shares I’d buy and forget about for 10 years

Some ASX shares demand attention. They move around, react to headlines, and can make you feel like you need to constantly check what is happening.

Others are different. They are the kind of businesses I would feel comfortable owning without needing to follow every update, because the underlying direction is clear and the long-term drivers are still in place.

Here are three ASX shares I think fit that description.

TechnologyOne Ltd (ASX: TNE)

TechnologyOne is not the type of company that tends to dominate headlines. But I think that is part of what makes it appealing over a long period.

It provides enterprise software to government agencies, universities, and large organisations. These are not customers that switch systems lightly. Once the software is embedded, it often becomes part of day-to-day operations.

What I like most is the nature of those relationships. They tend to be long-term, recurring, and built around essential functions like finance, payroll, and administration. That creates a level of revenue visibility that can support steady growth over time.

The shift to a software-as-a-service model has also strengthened that position.

Instead of one-off licence sales, the business now generates more predictable income, which can compound as new customers are added and existing ones expand their usage.

For me, it is a business that does not need to reinvent itself every few years to keep growing.

Goodman Group (ASX: GMG)

Goodman Group is often described as a property company, but I think that label misses part of the story.

What it is really doing is developing and managing the infrastructure that supports the modern economy.

That includes logistics facilities, but increasingly it also includes data centres and digital infrastructure. These are assets that sit behind trends like ecommerce, cloud computing, and artificial intelligence.

What I find interesting is how the business evolves alongside those trends. It is not just collecting rent. It is identifying where demand is going and positioning itself early, whether that is through land acquisition, development, or partnerships.

That adaptability is important for a long-term holding. It means the ASX share is not tied to a single theme. Instead, it can shift its focus as the world changes, while still operating within its core area of expertise.

Macquarie Group Ltd (ASX: MQG)

Macquarie is probably the most complex of the three, but I think it is also one of the most flexible.

It operates across asset management, infrastructure, energy, and financial services, with a global footprint.

At first glance, that can seem difficult to follow. But over time, I think that breadth becomes an advantage. Different parts of the business perform at different times. When one area slows, another may be benefiting from changing market conditions. That diversification can help smooth performance across cycles.

What stands out to me is the company’s ability to adapt. Macquarie has a long history of moving into new areas of opportunity, whether that is infrastructure, renewable energy, or commodities. It tends to position itself where capital and demand are growing.

For a long-term investor, that kind of evolution can be valuable.

Foolish takeaway

Buying shares for 10 years is about choosing businesses that can remain relevant without constant oversight.

I think these ASX shares tick that box. TechnologyOne benefits from long-term customer relationships and recurring revenue, Goodman Group is building infrastructure tied to how the economy is evolving, and Macquarie brings diversification and the ability to adapt across different environments.

The post The ASX shares I’d buy and forget about for 10 years appeared first on The Motley Fool Australia.

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Motley Fool contributor Grace Alvino has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goodman Group, Macquarie Group, and Technology One. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended Goodman Group and Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.