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2 ASX blue-chip shares you can buy and hold forever

Sebastian Bowen
Hold shares

Finding ASX shares you can buy and hold forever is the nirvana of investing, but it’s also not as simple as it sounds.

For instance, you might think something like blue-chip favourite Woolworths Group Ltd (ASX: WOW) is such a share. But with notorious US disrupter Amazon.com buying out the US grocer Whole Foods in 2017, I’m not entirely confident Woolies is a risk-free investment in today’s world (although I still like the company).

So here are 2 ASX shares that I think any investor could buy today and hold until the dreaded perch becomes too slim.

CSL Limited (ASX: CSL)

CSL is the biggest healthcare company on the ASX and the third largest in the country. I love CSL as it remains one of the biggest companies in the world that is involved in the blood plasma industry. The company’s legendary R&D department has always put CSL one step ahead of any competitors and continues to ensure CSL remains a pioneer of advanced medicine. Its vaccines business is also a world-leader – and was even called on to make millions of vaccinations by the government back in 2009 when swine flu was a global danger.

We are always going to need healthcare and thus I think CSL will well outlast anyone living on Earth today – making it a great stock to hold in your portfolio.

BHP Group Ltd (ASX: BHP)

This company is one of the most well-known stocks on the ASX and has been around since 1885 – leading to its nickname as the ‘Big Australian’. BHP is the largest mining company in the world and specialises in iron ore, copper, coal and petroleum. Indeed, it has some of, if not the lowest cost operations for producing these commodities in the industry.

Although the production of thermal coal and oil hopefully doesn’t have much of a long-term future, I think the world will need iron ore and copper – making this company something of a sure thing. Thus, I would be more than happy to buy BHP shares without any plans on selling them at any time.

Foolish takeaway

Both of these companies sell products and services that we as humans will continue to rely on for the foreseeable future. Thus, I think they would both make great investments that you would never have to sell.

The post 2 ASX blue-chip shares you can buy and hold forever appeared first on Motley Fool Australia.

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Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. 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.

The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2019