If you’re looking for shares to buy for the long term, then I think the ones listed below would be worth considering.
I believe these shares are well-placed for growth and could provide monster returns over the long term.
Here’s why I think it is worth looking at adding them to your portfolio:
Bravura Solutions Ltd (ASX: BVS)
Bravura is a provider of software products and services to the wealth management and funds administration industries. While management has warned that its earnings could be flat in FY 2021 because of the pandemic, I expect its growth to accelerate again once the crisis passes. Especially given the quality of its software solutions and particularly its Sonata wealth management product. Overall, I think it could be well worth taking advantage of the recent pullback in the Bravura share price.
NEXTDC Ltd (ASX: NXT)
A second ASX share I think could provide monster long term returns is NEXTDC. With more and more computer infrastructure moving to the cloud, I believe this innovative data centre-as-a-service provider is exceptionally well-positioned for growth over the next decade. I also suspect NEXTDC could expand into the Asian market in the future to increase its addressable market.
Pushpay Holdings Group Ltd (ASX: PPH)
A final ASX share that I would buy for potentially monstrous returns is Pushpay. It is a NZ-based donor management and engagement platform provider for the church market. I’ve been very impressed with the company’s progress in recent years and believe it is perfectly positioned to continue this positive form in the future. Especially thanks to its industry leading platform, its recent margin enhancing acquisition of Church Community Builder, and the highly fragmented market it operates in. Overall, I believe the Pushpay share price has the potential to smash the market over the 2020s.
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*Returns as of 6/8/2020
More reading
- Where to invest $10,000 into ASX shares
- 2 top ASX shares I’d buy with $2,000
- 3 high quality ASX shares for smart investors to buy today
- 3 ASX shares I’d buy to quickly add diversification
- Polynovo and one more ASX growth share to buy in 2021
James Mickleboro owns shares of NEXTDC Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of PUSHPAY FPO NZX. The Motley Fool Australia owns shares of and has recommended Bravura Solutions Ltd. The Motley Fool Australia has recommended PUSHPAY FPO NZX. 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.
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