2 top ASX shares to buy and hold for the next decade

I think long-term investing is the best way to go when it comes to ASX shares.

Holding a good investment for a long time gives compounding time to work its magic, and it also means that investors aren’t unnecessarily interrupting the growth by activating a capital gains tax (CGT) event and paying some of the value to the ATO.

In my view, the two ideas below are great ones to own for the long term.  

Siteminder Ltd (ASX: SDR)

When a business is compounding its financials at a strong pace, it’s very likely to deliver pleasing shareholder returns over time. Siteminder is growing at double-digits each year, and I think that’s set to continue for the foreseeable future.

Siteminder provides software to many thousands of hotels around the world. The Siteminder offering is the world’s leading hotel commerce platform, while Little Hotelier is an all-in-one hotel management software that helps smaller operators.

During FY26, the company added 5,900 properties to its customer base, taking the total count to 56,000. In recent times, it has been targeting larger hotels, which come with scale benefits.

The company’s top-line growth was solid during FY26, with revenue up 18.6% to $266.1 million and annual recurring revenue (ARR) up 14.9% to $313.7 million. The ARR figure suggests another solid year of revenue growth is ahead.

It’s experiencing momentum across its new offerings within the ‘smart platform’, which I expect will play a bigger part in the coming years.

Dynamic revenue plus now supports more than 50,000 rooms (more than double the HY26 level) – hoteliers are benefiting from new AI-powered capabilities and predictive demand analytics.

Channels plus grew from 7,000 hotels in HY26 to almost 10,000 at the year-end. The smart distribution program continued to contribute to partner outcomes. These are helping drive a higher average revenue per user (ARPU), which rose 9.3% to $429 in FY26.

The ASX share’s profit margins continue to improve. The adjusted group gross profit margin increased 84 basis points (0.84%) to 67.2%. It also reported 96.5% growth of adjusted operating profit (EBITDA) to $28.1 million, and adjusted free cash flow increased 123% to $10.5 million.

According to the projection on CommSec, the Siteminder share price is valued at just 17 times FY29’s estimated earnings.

WCM Quality Global Growth Fund (ASX: WCMQ)

The other investment I want to highlight is this exchange-traded fund (ETF), which is operated by the WCM investment team, based in Laguna Beach, California. It’s a very different environment from the actual Wall Street in New York, helping WCM invest differently.

WCM’s investment process is based on the belief that corporate culture is the biggest influence on a company’s ability to grow its competitive advantages (or economic moat).

It aims to have a portfolio of between 20 and 40 stocks with access to quality global companies primarily in the high-growth consumer, technology, and healthcare sectors. I’m calling this an ASX share because it’s about investing in shares, and we can buy it on the ASX.

The investment team aren’t looking for a quick return, but long-term compounders that are delivering a rising return on invested capital (ROIC), which is a good sign of a strengthening bottom line, helping shareholder returns.

This team has shown that the investment strategy has worked for the long term. In the 10 years to August 2026, the investment strategy has returned an average of 16.2%. Of course, past performance is not a guarantee of future returns.

I’d be very happy to own this fund for the next decade (and beyond), while receiving a minimum distribution yield of 5%.

The post 2 top ASX shares to buy and hold for the next decade appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has positions in SiteMinder and Wcm Quality Global Growth Fund. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended SiteMinder. The Motley Fool Australia has positions in and has recommended SiteMinder. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.