At the weekend I looked at how investments of $20,000 in a number of ASX shares fared over the last 10 years.
Given the success of these investments, this morning I thought I would look at a few shares which I feel investors ought to consider investing $20,000 into today for the next decade.
Here why I think these three ASX shares could provide strong returns for investors:
Altium Limited (ASX: ALU)
I think this electronic design software platform provider could be a great place to invest $20,000 with a long term view. This is due to Altium’s exposure to the Internet of Things (IoT) boom. This rapidly growing market should drive strong demand for its offering in the future as the majority of these devices require software like Altium Designer during the design process. Management appears confident in its outlook and is aiming for 100,000 subscriptions by FY 2025. This compares to the 50,000 subscriptions it is targeting this year. Combined with its other growing businesses, such as the Octopart search engine, I believe the future is bright for Altium.
Pushpay Holdings Group Ltd (ASX: PPH)
Another company which I think has a very bright future is Pushpay. It is a growing donor management platform provider for the faith and not-for-profit sectors. Pushpay has been growing at a rapid rate over the last few years thanks to the increasing adoption of its platform by churches in the United States. The good news is that management expects its strong growth to continue in FY 2021. It recently revealed that it expects to double its operating earnings in FY 2021. But it doesn’t expect its growth to stop there. The company is aiming to capture 50% of the medium to large church market in the future. This is a US$1 billion revenue opportunity and many multiples of its current revenue.
Ramsay Health Care Limited (ASX: RHC)
A third ASX share to consider investing $2o,000 into is Ramsay Health Care. I think the leading private healthcare company would be a great long term option due to the quality of its global business and its positive long term outlook. The latter is thanks to the ageing populations tailwind, which is expected to drive very strong demand for healthcare services over the next couple of decades. And while trading conditions are tough right now, I believe it is worth dealing with the short term pain for the potential long term gains.
And if you have some funds leftover, these five recommendations below look like potential market beaters…
One trick to potentially generating life-changing wealth from the stock market is to buy early-stage growth companies when their share prices still look dirt cheap.
Motley Fool’s resident tech stock expert Dr. Anirban Mahanti has identified 5 stocks he thinks are screaming buys. And you can buy them now for less than $5 a share!
* Extreme Opportunities returns as of June 5th 2020
More reading
- How I would invest $50,000 into ASX shares right now
- 10 ASX 200 shares that are fit for the Queen
- Building a $100,000 portfolio with Afterpay shares and 3 other ASX companies
- What ASX shares should you invest in during a bull market?
- 3 of the best ASX 200 tech shares for your watchlist
James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Altium and PUSHPAY FPO NZX. The Motley Fool Australia has recommended PUSHPAY FPO NZX and Ramsay Health Care Limited. 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 Where to invest $20,000 into ASX shares immediately appeared first on Motley Fool Australia.
from Motley Fool Australia https://ift.tt/2MIwSvS
Leave a Reply