If you're in your 20s I think there are plenty of good ASX growth share opportunities to own for the long-term.
You don't need to go for dividends in your 20s. The most important thing is good compounding returns. You have plenty of time to allow your wealth to grow.
That's why I'd suggest these ASX growth shares:
Altium Limited (ASX: ALU)
Altium is one of the best growth shares on the ASX. It provides the software for electronic PCB design for engineers. Many of the best, most technological businesses have chosen Altium as their provider including Tesla, Space X, NASA, Amazon, Google, Disney, Apple, Microsoft, John Deere and so on.
The world is becoming more advanced all the time. The 'Internet of Things' is one of the biggest changes to how we live our lives. Altium is exposed to this theme with its software and clients that's why it's hoping for significant revenue growth to at least 2025.
The financials are great. Profit margins rise each year and Altium thinks the earnings before interest, tax, depreciation and amortisation (EBITDA) margin could reach 40% or even higher in the coming years.
It wants to be the world's best business in its industry and it's on track to do that whilst maintaining a great balance sheet and growing its dividend at a fast pace.
It's currently trading at 45x FY21's estimated earnings.
MFF Capital Investments Ltd (ASX: MFF)
MFF Capital may be the best listed investment company (LIC) on the ASX. It invests in high quality global shares to try to deliver strong returns.
Its two biggest holdings are Visa and MasterCard. They are both benefiting from several positive trends including a shift to cashless payments and more purchases done online. They have been two of the best performing global blue chips over the past decade. They have very good futures and make up around a third of MFF's portfolio at the moment.
MFF Capital's net returns have been excellent over the past decade. It also has lower fees and expenses compared to most other LICs. Portfolio manager Chris Mackay is one of the best investors in Australia in my opinion.
It's currently trading at a 5% discount to the pre-tax net tangible assets (NTA) per share at 17 January 2020.
Webjet Limited (ASX: WEB)
Webjet is one of the leading travel businesses in Australia. If its share price stays at around this level it could receive a takeover offer this year from private equity.
But that's not the main reason I'm attracted to Webjet. Management thinks that FY20 underlying EBITDA will be between $157 million to $167 million, this would be growth of 26% to 34% with organic growth of 16% to 23%.
FY20 will include a Thomas Cook hit to earnings, but FY21 looks attractive with WebBeds (the B2B division) looking to grow its EBITDA margin to 50%.
It's currently trading at 16x FY21's estimated earnings. This looks cheap to me.
Foolish takeaway
Over the next two years I think Webjet could be the best performer, but over the next decade I'd want to invest in Altium or MFF Capital for my portfolio – they both have great characteristics and top-class management.
