$10,000 may not sound like it has the potential to be a life-changing sum of money to invest, but over a long enough period of time it certainly can be.
In fact, as I mentioned here on Tuesday, $10,000 invested in Domino's Pizza Enterprises Ltd (ASX: DMP) shares 10 years ago would have grown to be worth $245,000.
While returns like these are of course rare, I believe that by investing in companies which have strong business models, talented management teams, and solid growth prospects, you could be rewarded handsomely over the long term.
Three shares that I would consider investing that $10,000 into this week are as follows:
Bingo Industries Ltd (ASX: BIN)
Although waste management may not be the most exciting place to invest your money, I believe the potential returns could make up for this. Thanks to its relatively small footprint and bold expansion plans, I believe Bingo Industries could be a great buy and hold option. Last year it delivered a 44.8% increase in pro forma profit to $48.2 million. Pleasingly, management is confident that the strong growth can continue in FY 2019 and has provided EBITDA growth guidance in the range of 15% to 20%. It is worth noting that this does not include the benefits of its proposed $577.5 million acquisition of Dial A Dump Industries.
NEXTDC Ltd (ASX: NXT)
NEXTDC is a leading data centre operator with a growing network of centres across key strategic locations throughout Australia. Due to the rising demand for its services due to the explosion in data creation from the cloud computing boom, I believe it is well positioned to deliver strong earnings growth over the long-term. I'm not the only one that thinks this. Earlier this week analysts at UBS retained their buy rating and $9.30 price target on the company's shares.
Webjet Limited (ASX: WEB)
Another tech share that I think investors ought to consider is Webjet. It is an online travel agent which has been delivering bookings growth at many times the rate of the industry average over the last few years. The good news is that management continues to target similarly strong growth over the medium term. If it delivers on this target then it should allow the company to continue its strong run of posting above-average earnings growth for many years to come.
