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without a negative carry impact?

One part of me thinks this trade should be possible, and another thinks it probably can't be.

Essentially, I would like to go long volatility. I don't mind paying opportunity cost and waiting indefinitely for an upward move, but I don't want to incur negative carry, negative roll yield, or contango issues such as with VXX, VXZ, etc.

So, the question is, can a straight long position be taken on volatility without any other cost, other than waiting, even if it is for many years.

As an example and investor thinks he can make 7% and double his money in 10 years. Likewise could someone essentially buy the VIX equivalent at 15 with the speculation that at some point in 10 years it will double?

Also, can this be done on general market volatility (DOW, S&P, etc), that is to say rather than using an individual stock which would have potential risk of issues with concentration, such as a BP oil spill event if you tried to play it with a single stock like BP.

So, the goal is a pure long, or short for that matter, position on general market volatility, where the only risk is picking the wrong direction and the only cost is missed opportunity to not be in another investment.

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