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Where I would invest $10,000 in the ASX this week

On Monday I looked at how a $10,000 investment in Altium Limited (ASX: ALU) shares 10 years ago would have grown to be worth over $400,000 today.

With that in mind, today I thought I would look at three top options that I would consider investing $10,000 in for the next decade.

They are as follows:

Citadel Group Ltd (ASX: CGL)

Citadel is a leader in the development and delivery of managed technology solutions. Due to the increasing amount of data being generated by businesses and the growing importance in keeping it secure, I think Citadel is well-positioned to benefit greatly due to its Citadel-Information Exchange platform. The cloud-based enterprise information management platform allows its users to securely access and transfer proprietary and sensitive information remotely. Last year Citadel posted a 26% increase in net profit after tax to $19.4 million and I expect similarly strong growth again in FY 2019.

Collins Foods Ltd (ASX: CKF)

Collins Foods is best known as one of the world’s largest KFC franchisors with a total of 256 restaurants across Australia and Europe. It has also recently added the Taco Bell brand to its portfolio and is intent on expanding its network across the country following a successful trial in Queensland. I believe this roll out and the large market opportunity in Europe for KFC will allow Collins Foods to deliver above-average earnings growth over the next decade.

CSL Limited (ASX: CSL)

This biopharmaceutical company’s shares have lost a significant amount of value since their post-earnings peak. I feel that this ought to be considered a buying opportunity for investors that are prepared to hold on for the long-term. Especially given the company’s strong growth prospects over the next decade due to its growing plasma collection network, strong core business, and fast-growing influenza business.

And these three fintech stars of the future could also be worth considering if you ask me.

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Motley Fool contributor James Mickleboro owns shares of Collins Foods Limited. The Motley Fool Australia owns shares of Citadel Group Ltd. The Motley Fool Australia has recommended Collins Foods 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.

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