Invest like Warren Buffett and buy and hold these ASX shares: experts

One of the most famous investors in the world is Warren Buffett. Over almost six decades, the Oracle of Omaha has smashed the market with incredible returns.

In light of this, it certainly could pay to follow in his footsteps when it comes to your own investing. But how could we copy him?

One thing Buffett is well-known for, is taking a long-term perspective when making his investments. Rather than make short term trades, he buys shares “on the assumption that they could close the market the next day and not reopen it for five years.”

With that in mind, let’s take a look at a few ASX shares that could be great buy and hold candidates today. Here they are:

Breville Group Ltd (ASX: BRG)

Breville could be a top option for long-term focused investors. It is a leading kitchen appliance manufacturer behind a growing portfolio of brands such as Breville, Kambrook, Lelit, and Sage. Goldman Sachs is very bullish on its growth outlook thanks to its international expansion and exposure to the coffee market. It has a buy rating and $22.70 price target on its shares.

IDP Education Ltd (ASX: IEL)

Another ASX share that could be worth considering as a long term investment is IDP Education. It is a language testing and student placement company. Goldman Sachs is also very positive on its long term growth prospects. This is thanks to its leadership position, robust balance sheet, and strong underlying demand for its services. Goldman has a buy rating and $35.70 price target on the company’s shares.

Lovisa Holdings Limited (ASX: LOV)

A final ASX share to buy and hold could be fast-fashion jewellery retailer Lovisa. It could be a top long term investment option due to its bold global expansion plans. Morgans, which is bullish on the company, highlights that “we could be at the start of a period of remarkable expansion.” It has an add rating and $28.50 price target on its shares.

The post Invest like Warren Buffett and buy and hold these ASX shares: experts appeared first on The Motley Fool Australia.

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More reading

• These are the 10 most shorted ASX shares this week
• My top 5 ASX shares to buy and hold forever in anticipation of the bull market
• Morgans names the best ASX 200 growth shares to buy in April
• Top ASX growth shares to buy in April 2023
• Why ASX shares in 2023 are eerily similar to 2019 (and what you should do)

Motley Fool contributor James Mickleboro 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 Idp Education and Lovisa. The Motley Fool Australia has recommended Idp Education and Lovisa. 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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