As I mentioned here at the weekend, a $10,000 investment in Altium Limited (ASX: ALU) shares 10 years ago would have grown to be worth over $440,000 today.
While returns of this magnitude are rare, I believe it is still a great demonstration of how rewarding buy and hold investing can be.
With that in mind, if I had $10,000 to invest today, here are three shares that I would consider buying:
Appen Ltd (ASX: APX)
Although they have rebounded strongly today, I still feel that Appen's shares are trading at a great price if you're prepared to hold onto them for the long-term. Appen is a leading developer of high-quality, human annotated datasets for machine learning and artificial intelligence. It counts some of world's biggest tech companies as its customers. And with both machine learning and artificial intelligence markets expected to grow strongly over the next decade, it looks well-positioned to deliver strong long-term earnings growth.
Aristocrat Leisure Limited (ASX: ALL)
I think that Aristocrat Leisure is one of the best value growth shares on the Australian share market right now. Not only does it have a core pokie machine business that has some of the most in demand machines in the world, it has a fledgling digital business which is generating significant recurring revenues from its millions of daily active users. Earlier today Deutsche Bank retained its buy rating and $41.45 price target on the gaming technology company's shares. This could make it an opportune time to pick up shares.
Citadel Group Ltd (ASX: CGL)
Citadel Group is a specialist in IT security and data management. Due to the growing amount of data being generated by businesses and how important it is to keep it secure, I think Citadel is well-positioned to benefit. This is because of the growing popularity of its Citadel-Information Exchange (Citadel-IX) cloud-based enterprise information management platform which allows users to securely access and transfer proprietary and sensitive information remotely.
