If I could own just one ASX share for the next decade, these 5 would make my shortlist

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Let's see which shares made the cut. The post If I could own just one ASX share for the next decade, these 5 would make my shortlist appeared first on The Motley Fool Australia.

If I could buy just one ASX share today and hold it for the next decade, I'd want to be confident that the business could become substantially more valuable over that time.

That means looking for companies with strong competitive positions, enormous growth opportunities, and the ability to increase earnings for many years.

With that in mind, here are five ASX shares that would make my shortlist.

CSL has experienced a difficult period, but I believe its long-term growth potential remains strong.

The biotechnology giant is a global leader in plasma-derived therapies, with growing demand for immunoglobulin treatments providing an opportunity for sustained earnings growth.

Importantly, CSL is also improving the efficiency of its plasma collection operations, which could support stronger profit margins over time.

Overall, I believe this ASX share has the foundations to return to sustainable earnings growth and reward patient shareholders.

Life360 is another ASX share I'd happily consider owning for the next decade.

Its family safety app has become an essential service for millions of households, with monthly active users reaching 107.7 million in the September quarter.

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