If you’re looking to generate strong long term returns from the share market, then I think the three ASX shares listed below are worth considering.
Here’s why I would buy and hold them until at least 2030:
Altium Limited (ASX: ALU)
The first ASX share to consider buying with a long term view is Altium. It is a growing software company which generates the majority of its revenue from its Altium Designer platform. This is an award-winning printed circuit board (PCB) design software platform which is experiencing very strong demand thanks to the Internet of Things market. And with this market expected to continue its rapid growth for many years to come, I expect Altium to profit greatly from increasing subscription numbers. In addition to this, the company has a few other businesses which have the potential to contribute strongly to its earnings over the next decade.
CSL Limited (ASX: CSL)
Another share to consider buying and holding is CSL. I think the leading biotherapeutics company is a great long term option due to its high quality businesses and their portfolio of life-saving therapies and vaccines. Another big positive is that CSL invests materially in research and development. This means the company has a large number of therapies in its pipeline that have the potential to generate significant sales over the next decade. Overall, I believe this leaves CSL well-positioned to continue growing its earnings at a solid rate throughout the 2020s.
Kogan.com Ltd (ASX: KGN)
A final share to consider as a buy and hold investment is Kogan. I think the rapidly growing ecommerce company is one of the best long term options due to its exposure to the structural change that is happening in the retail industry. In addition to this, I like Kogan because of its strong product offering, growing active customer base, and its merger and acquisition opportunities. Combined, I believe Kogan is capable of growing its earnings at an above-average rate over the next decade and beyond.
And here are more exciting shares which could be stars of the future…
We hear it over and over from investors, “I wish I had bought Altium or Afterpay when they were first recommended by The Motley Fool. I’d be sitting on a gold mine!” And it’s true.
And while Altium and Afterpay have had a good run, we think these 5 other stocks 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
- 3 ASX shares I’d buy because of the online sales boom
- How the ASX 200 can help first home buyers save for a deposit
- Up 250% since March: is it too late to buy Kogan shares?
- 2 ASX shares to buy for beginners
- Why Zip Co and these All Ords shares have doubled in 12 months
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 CSL Ltd. The Motley Fool Australia owns shares of and has recommended Kogan.com ltd. 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 I would buy and hold Kogan and these ASX shares until 2030 appeared first on Motley Fool Australia.
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