If you’re investing with a long term view, then I think the three ASX shares listed below could be the ones to buy.
I believe their strong business models and positive long term growth outlooks mean they could be market beaters over the next decade and beyond. Here’s why I’m bullish on them:
Pushpay Holdings Group Ltd (ASX: PPH)
Pushpay is a donor management platform provider for the faith and not-for-profit sectors. It has been growing its share of the medium to large church market at a very strong rate in recent years. This has led to some very strong strong operating revenue and earnings growth. The good news is that Pushpay still only has a modest share of its target market and is aiming to grow its share to 50% in the future. This represents a US$1 billion opportunity, which is many times its current revenue. I think this makes Pushpay a fantastic buy and hold option.
REA Group Limited (ASX: REA)
Another great buy and hold option is REA Group. It is a leading property listings company with real estate websites in Europe, Asia, the United States, and of course Australia. While trading conditions are not easy at present, REA Group has still been able grow its earnings. I believe this demonstrates the resilience of its business model. I also feel it bodes well for the future and expect its earnings growth to accelerate when the headwinds ease.
ResMed Inc. (ASX: RMD)
A final buy and hold option is ResMed. I think the medical device company is one of the best healthcare shares on the ASX and a great long term option. This is due to its focus on the growing sleep treatment market. The company estimates that there are ~1 billion people suffering from sleep apnoea worldwide, with only ~20% of these sufferers having been diagnosed. Due to the quality of its industry-leading masks and software solutions, I believe it is perfectly positioned to capture a growing slice of this market..
And here are more top shares to buy right now. All five recommendations below still look very cheap after the crash…
NEW! 5 Cheap Stocks With Massive Upside Potential
Our experts at The Motley Fool have just released a FREE report detailing 5 shares you can buy now to take advantage of the much cheaper share prices on offer.
One is a diversified conglomerate trading over 30% off it’s all-time high, all while offering a fully franked dividend yield of over 3%…
Another is a former stock market darling that is one of Australia’s most popular and iconic businesses. Trading at a significant discount to its 52-week high, not only does this stock offer massive upside potential, but it also trades on an attractive fully franked dividend yield of almost 4%.
Plus, this free report highlights 3 more cheap bets that could position you to profit in 2020 and beyond.
Simply click here to scoop up your FREE copy and discover the names of all 5 cheap shares.
But you will have to hurry because the cheap share prices on offer today might not last for long.
As of 2/6/2020
More reading
- 3 large cap shares beating the ASX 200 this year
- Have $10,000? This is where I’d invest it into ASX shares
- 3 of the best ASX shares to buy with $3,000 right now
- Why I’m not afraid to invest in shares during this recession
- Here’s why long term investing can outperform shorter holding periods
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended PUSHPAY FPO NZX. The Motley Fool Australia has recommended REA Group Limited and ResMed Inc. 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 post 3 quality ASX shares to buy and hold for decades appeared first on Motley Fool Australia.
from Motley Fool Australia https://ift.tt/3gTNQVV
Leave a Reply