2 great FTSE 100 stocks I’d buy to hold for 10 years!

I am looking for the best FTSE 100 stocks to buy and hold in your portfolio for the next decade. Here are two I’m considering snapping up today.

Buy buy

Consumer spending power is under pressure as the cost of living crisis continues. The latest data from the British Retail Consortium (BRC) shows total retail sales fell by just 4.2% in January.

This is down on the three-month average of 5.2%. And this year’s rise in this year is generally down to price inflation. In fact, the BRC says “the rise in sales masked a larger drop in volume“.

In this climate, snapping up the value of retail stocks like B&M European Value Retail (LSE:BME) could be a good idea. Low-cost carriers like this are thriving as shoppers stretch their budgets as far as they can go.

The FTSE 100 retailer grew profits as much as 6.4% in the 13 weeks to Christmas. And B&M says it’s included in “excellent performance” in the wholesale and general merchandise line.

Buying a value business like this isn’t just a good investment strategy for now. The budget retail segment has grown over the past decade as consumers become more cash-savvy. The breakneck rise of the German discounters Aldi and Lidl is proof of this.

This is a trend that can also be run and run. And B&M is expanding to make the most of this opportunity. That’s because it opened four new stores in March alone.

Now it is true that B&M operates in a competitive environment. In fact, its rivals are also rapidly building up their store estates and Poundland alone plans to open or relocate 50 stores this year. But I believe the strength of the B&M brand can still help bring back strong shareholders.

Look East

Buying stocks with emerging market exposure can be a great way to generate long-term wealth. HSBC Holdings (LSE:HSBA) is one way I like to play this theme.

The FTSE 100 company is increasingly pivoting to Asia. This seems to be a wise strategy, as the level of personal wealth increases. Penetration of financial products is also low in distant continents, leaving plenty of room for HSBC to increase its profits.

Encouragingly, regulators in China are loosening financial market rules to increase overseas investment as well. This can increase economic growth in all regions and provide additional opportunities for banks in the region.

I think HSBC is a good value stock to buy at the current price of around 600p per share. The bank trades at a forward price-to-earnings (P/E) ratio of 6.5 times. It also carries a market-beating 7.5% dividend yield.

I am considering investing despite the threat of increasing Covid-19 infections in China. I expect the company to generate impressive profits over the next 10 years.