Choosing which shares I'd buy changes every week because share prices can increase or decrease substantially over that time.
If I had $10,000 burning a hole in my pocket, here's how I would invest it today:
Crown Resorts Ltd (ASX: CWN) $2,000
I like to be opportunistic if a quality, growing business is going through some short-term trouble.
Crown is definitely going through some trouble with its share price down 10% over the last three months. A couple of scandals involving alleged wrongdoing by employees has seen the market and VIP gamers deserting Crown.
In its annual general meeting (AGM) yesterday Crown updated the market that main floor gaming revenue was slightly up on the prior corresponding period from 1st July to 22nd October, non-gaming revenue increased by 6%.
Crown could be a solid long-term investment at the current price, trading at 21x FY18's estimated earnings.
National Veterinary Care Ltd (ASX: NVL) $3,000
National Vet Care is rapidly growing each year as it acquires more veterinary clinics.
The pet market is a growing industry and vets have quite defensive earnings with how routinely we take our pets to the vet. Around 80% of dogs and two thirds of cats visit the vet each year.
I think National Vet Care has another few years of exciting growth before it runs out of investment targets. It's currently trading at 32x FY17's earnings.
Ramsay Health Care Limited (ASX: RHC) $2,000
Some defensive shares aren't as popular with interest rates rising. Add in uncertainty surrounding private health participation and low growth in the UK & France and this has resulted in Ramsay's share price fall from above $80 to around $67.
The ageing demographics of western countries is clear to see and investors have a good opportunity if they take a long-term approach.
Ramsay is currently trading at 23x FY18's estimated earnings.
WAM Microcap Limited (ASX: WMI) $3,000
WAM Microcap is the newest listed investment company (LIC) to be launched by Wilson Asset Management.
The investment team have gone back to their favourite end of the market by focusing on the smallest stocks on the ASX.
I expect WAM Microcap will soundly beat the market as it already has done since its launch.
Foolish takeaway
I'd be confident in all four picks beating the market over the next three years and that's why three of the four are already in my portfolio.