If you're able to put aside approximately $1,000 per month over the next 10 months, by the middle of next year you'll have saved $10,000 to invest in the share market. At which point you'll have to decide which shares to buy.
Whilst a lot can change between now and then, three shares that I'm betting on being market-beaters in 2020 are listed below.
Here's why I think they could be great options next year:
Altium Limited (ASX: ALU)
Altium is a design software company which I think has the potential to not just beat the market in 2020, but also over the next decade. This is because the company's award-winning printed circuit board design software has a massive opportunity due to the growing Internet of Things market. This market has been tipped to grow materially over the next decade, which is likely to lead to a strong increase in demand for its software and equally strong profit growth as the benefits of scale are realised.
Nearmap Ltd (ASX: NEA)
Nearmap is a leading aerial imagery technology and location data company which I believe is well-placed to continue its impressive form in FY 2020. In FY 2019 Nearmap reported record annualised contract value (ACV) of $90.2 million, which was a 36% increase year on year. This was driven largely by further explosive growth in the massive United States market and supported by solid growth in the core ANZ market. Given its sizeable market opportunity, new product launches, and potential expansions, I believe Nearmap has a very bright future ahead of it.
Webjet Limited (ASX: WEB)
Another share to consider buying in 2020 is leading global online travel agent Webjet. Over the last decade its shares have generated an average total return of 25.6% per annum. And thanks to its popular brands, the shift to online booking, acquisition opportunities, and its plan to expand its profit margins, I believe it is well-positioned to continue its impressive form in FY 2020 and beyond.
