With the share market still down materially from its highs, I believe there are ample opportunities for investors with a long term focus.

Three top growth shares which I think could be market beaters over the next five years are listed below. Here’s why I would invest $3,000 into them:

Aristocrat Leisure Limited (ASX: ALL)

I think the recent share price weakness experienced by Aristocrat Leisure’s shares has brought it down to a very attractive level for a long term investment. The gaming technology company’s performance this year will inevitably be impacted by the closure of casinos globally because of the pandemic. But once the crisis passes I don’t think it will be long until demand for its poker machines increases again. In the meantime, the company’s Digital business is likely to be benefiting greatly from these closures and lockdowns. In FY 2019 the segment delivered revenue of $1.23 billion and $370 million segment profit from its 7.5 million daily active users.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Another good option for investors to consider buying is Domino’s Pizza. Its shares haven’t fared too badly during the pandemic because of the increasing consumption of its pizzas due to restaurant closures and lockdowns. However, they are still trading 14% lower than their 52-week high. I think this could be a buying opportunity due to its positive long term growth outlook. Over the next five years the company is aiming for solid like for like sales growth and the expansion of its global store network by 7% to 9% per annum. Combined, this should lead to strong earnings growth over the period. 

Zip Co Ltd (ASX: Z1P)

Finally, although the Zip Co share price gained almost 50% last week, it is still down 44% from its 52-week high. I think this could be a buying opportunity for investors that are looking for buy and hold options. There had been concerns that Zip Co’s business model might struggle if trading conditions deteriorated materially, but this hasn’t proven to be the case. Last week it revealed that at the height of the pandemic in April, it delivered an 86% jump in monthly transaction volume to $181.6 million. Another big positive was that its net bad debts came in at just 1.99%. I’m optimistic its strong growth can continue for some time to come thanks to new verticals, its international expansion, and the growing popularity of the payment method.

More reading

• These are the star ASX shares of the week
• Federal Government outlines 3-step plan to reopening Australia
• Why ASX payments shares might be the biggest winners of the 2020s
• Afterpay competitor Zip Co rockets higher after reporting 86% increase in April volumes
• Why Harvey Norman, Propel, REA Group, & Zip Co are charging higher

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 ZIPCOLTD FPO. The Motley Fool Australia has recommended Domino’s Pizza Enterprises 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 3 top ASX growth shares to buy with $3,000 after the market crash appeared first on Motley Fool Australia.

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One area of the market that I think has a large number of top long-term options for investors to consider buying is the mid cap space.

Three mid cap shares which I believe could generate strong returns for investors over the next decade are listed below. Here’s why I like them:

Bravura Solutions Ltd (ASX: BVS)

The first mid cap share to look at is Bravura Solutions. It is a fintech company providing software and services to the wealth management and funds administration industries in the Asia, Europe, Middle East, and Africa regions. The company has a number of different products in its portfolio which combined appear to have positioned it for strong long term growth. The key product for me is the Sonata wealth management. It is used by many large financial institutions to connect and engage with their clients anytime, anywhere, via computers, tablets or smartphones.

Jumbo Interactive (ASX: JIN)

Jumbo is an online lottery ticket seller and the operator of the Oz Lotteries website. Its shares have pulled back materially in recent months due to concerns over its slowing growth. However, it is worth noting that this has been caused by the company’s investment in its future growth and is only expected to be temporary. As a result, I believe its shares have been oversold and are now trading at an attractive level. Especially when you consider that Jumbo is aiming to generate $1 billion in ticket sales annually through its platform by FY 2022. This will be triple what it achieved in FY 2019.

Megaport Ltd (ASX: MP1)

A final mid cap share to consider is Megaport. It is an elasticity connectivity and network services company. Its service allows users to increase and decrease their available bandwidth in response to their own demand requirements. This is instead of being tied to fixed service levels on long-term and expensive contracts. Due to the popularity of its service, its growing footprint in data centres globally, and the seismic shift to the cloud, it has been growing at a rapid rate in recent years. And given that larger and larger amounts of computer infrastructure continue to move from local servers to cloud providers, Megaport appears well-placed to continue its strong form in the 2020s.

More reading

• Where to invest $2,500 in the ASX for strong long term returns
• These All Ords shares have just hit 52-week highs or better
• Market close: ASX 200 finishes 0.4% lower
• 3 exciting ASX tech shares to buy and hold in the 2020s
• 2 top ASX growth shares to buy this week

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 and recommends Jumbo Interactive Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Bravura Solutions Ltd and MEGAPORT FPO. The Motley Fool Australia has recommended Bravura Solutions Ltd, Jumbo Interactive Limited, and MEGAPORT FPO. 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 These mid cap ASX shares could be long term market beaters appeared first on Motley Fool Australia.

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It can be hard to know which ASX shares to buy when you’re just beginning. I mean, the S&P/ASX 200 Index (ASX: XJO) alone has roughly 200 shares to buy.

I think keeping things simple is the key when you’re first investing. That means you don’t need to bet on the “next Afterpay” or worry about someone that made millions in bitcoin.

Here are a few of my top ASX shares to purchase as a beginner looking to invest in ASX shares today.

3 ASX shares to buy for beginners

When times are uncertain like this, a few large-cap dividend shares can be just the ticket. Large-cap shares often have strong balance sheets, steadier earnings and less volatility compared to some of the smaller ASX shares.

I think it’s good to start by looking at BHP Group Ltd (ASX: BHP). BHP is among the largest ASX-listed shares on the market with a $149 billion market capitalisation. The group’s shares also have a handy 6.79% dividend yield and are trading at a price-to-earnings (P/E) ratio of 10.88. That means for every $10.88 you pay for BHP shares, you should see roughly $1 in company earnings.

BHP is a solid buy for almost any portfolio. The mining sector could have some tough times ahead but the technical environment looks alright to me. China’s increasing development and major Australian Government infrastructure investments are a couple of the tailwinds I can think of for BHP shares.

Another great share for beginners is Telstra Corporation Ltd (ASX: TLS). Telstra has been a staple of the average investment portfolio for decades and is yielding 3.30% right now. With more demand for mobile infrastructure and a shift towards working from home, I see Telstra’s business booming despite the NBN Co competition.

Finally, an Australian real estate investment trust (A-REIT) could be the way to go. A-REITs invest in a portfolio of property and you can then buy ASX shares in those funds for easy property exposure. That seems easier to me than saving for an investment property with strong dividend income and diversification benefits. 

An A-REIT like Scentre Group (ASX: SCG) could be on the cheap side right now. Scentre shares are down more than 40% in 2020 but things are looking up for the Aussie economy. With an 8.73% dividend yield, Scentre could be a top ASX dividend share for beginners to buy today.

Foolish takeaway

While ASX dividend shares are great for any portfolio, there are inherent risks. Dividends are at the discretion of management and when times are tough, they may restrict these payments. That means you can’t bank on dividend income being steady forever.

When it comes to buying ASX shares as a beginner, slow and steady wins the race. Consistently putting away extra cash into a diverse range of high-quality companies is the way to build long-term wealth.

More reading

• Top brokers name 3 ASX 200 shares to sell next week
• Top brokers name 3 ASX 200 shares to buy next week
• What to watch on the ASX 200 next week
• The ASX 200 blue chip shares I would buy with $5,000 after the market crash
• Top broker urging you to buy this ASX 200 retail stock next week

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Limited. The Motley Fool Australia has recommended Scentre Group. 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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