Some S&P/ASX 200 Index (ASX: XJO) shares are best judged over years, not months.

I think TechnologyOne Ltd (ASX: TNE) is one of them.

The enterprise software company has been one of the ASX’s great long-term performers, and I think it remains the sort of business I would be happy to buy for the next decade.

I would still review the investment over time. No share should be ignored completely. But TechnologyOne has several qualities that make it well-suited to a long holding period.

Important software for important organisations

TechnologyOne provides enterprise software to organisations such as government bodies, councils, universities, and large enterprises.

That may sound dry, but I think the dullness is part of the charm.

Its software helps customers manage core functions such as finance, property and rating, student management, payroll, human resources, and supply chain operations. These are not nice-to-have systems, but part of how organisations operate.

Once software becomes deeply embedded in a customer’s workflows, changing providers can be disruptive, expensive, and risky.

That gives TechnologyOne a strong position.

A business that can keep improving

TechnologyOne has spent years shifting toward a software-as-a-service model.

I like that because recurring software revenue can provide visibility and scalability. As more customers use cloud-based products, the business can benefit from ongoing subscriptions, product upgrades, and deeper customer relationships.

The company also has a long runway in the UK. That opportunity will take time, but I think it gives TechnologyOne a second growth engine beyond Australia and New Zealand.

International expansion is not always easy. But the company has a focused product set and a clear customer niche, which should help.

Why I’d hold it for the long term

TechnologyOne is unlikely to be the cheapest share on the ASX 200.

Quality software companies often trade at premium valuations, and that can create risk if growth disappoints.

Even so, I think this is a business where time can do a lot of work. The company has recurring revenue, a strong customer base, a long record of execution, and products that solve essential operational problems.

That combination is rare. For a long-term investor, the ideal outcome is not a big change. It is a steady improvement: more customers, better products, higher recurring revenue, and deeper penetration in existing markets.

TechnologyOne has shown it can build value in that kind of way.

Foolish Takeaway

The ASX 200 has plenty of shares that grab attention for a week or two. TechnologyOne is more interesting to me because it has the ingredients to stay relevant for a decade.

Its software sits inside the daily operations of organisations that need reliability. Its revenue model has become more recurring, and its UK opportunity gives it room to expand beyond its home market.

The valuation will always need watching, but I think the underlying business is the sort of company that can reward patient investors.

For me, this is a share I would buy with a 10-year mindset and give the business time to keep doing what it has already done well.

The post Why I’d buy and hold this growing ASX 200 share forever 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 Technology One. The Motley Fool Australia has recommended Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

A new month can be a good time to put fresh money to work.

If you have $10,000 ready to invest in July, there are some high-quality ASX shares that could be worth a closer look.

Here are three that stand out as long-term options.

Breville Group Ltd (ASX: BRG)

Breville could be an ASX share to consider in July.

The company has built a global business around premium kitchen appliances, with products across coffee machines, cooking, food preparation, and other household categories.

The attraction here is not just that Breville sells appliances. It is that the company has found a way to turn everyday household products into aspirational purchases.

A coffee machine can become part of a routine. A better oven, air fryer, or food processor can become part of how people cook at home. This gives Breville exposure to consumer habits that can last well beyond the initial purchase.

The company also has a long international growth runway. Its brand has already travelled successfully across key markets, but there is still room to build awareness, expand distribution, and launch more products over time.

ResMed Inc (ASX: RMD)

Another ASX share that could be worth buying in July is ResMed.

It operates in sleep apnoea treatment and connected respiratory care, helping patients manage breathing-related conditions through devices, masks, software, and ongoing support.

The company sits in an area of healthcare where demand is being supported by awareness, diagnosis, ageing populations, and the need for better long-term patient management.

One of ResMed’s strengths is that treatment does not usually end with the first device sale. Patients may need replacement masks, accessories, software support, and continued care over time. That creates a repeat revenue profile that can be attractive over the long term.

With a global market position and a large pool of untreated patients, ResMed could be a high-quality healthcare share to buy and hold.

Xero Ltd (ASX: XRO)

A third ASX share to look at is Xero. It provides cloud accounting software for small businesses, accountants, and bookkeepers.

Xero’s platform helps users manage invoicing, payroll, bank feeds, reporting, compliance, payments, and adviser workflows. That puts Xero close to the financial engine room of small businesses.

The company’s opportunity is bigger than accounting alone. As small businesses become more digital, they need tools that reduce admin, improve visibility, and connect them more easily with advisers, banks, and payment systems.

Xero already has a strong position in markets such as Australia, New Zealand, and the United Kingdom, while other international markets, such as the United States, provide room for longer-term growth.

In addition, artificial intelligence could become an important part of the platform over time by automating routine tasks and improving the usefulness of the software. This could give its annual recurring revenue a big boost over the next decade.

The post Where to invest $10,000 in ASX shares in July appeared first on The Motley Fool Australia.

More reading

• The Nasdaq just had its worst week in months. Here’s what that means for ASX tech stocks
• 3 reasons why the Xero share price is a buy in July
• Buy, hold, sell: Woodside, Xero, BHP shares
• ASX 200 retail shares outperform on growing hopes interest rates have peaked
• How to invest $500, $5,000, and $50,000 on the ASX

Motley Fool contributor James Mickleboro has positions in ResMed and Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended ResMed and Xero. The Motley Fool Australia has positions in and has recommended ResMed and Xero. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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