If you're looking at adding a few new shares to your portfolio, then I think the five listed below are worth considering.
I believe all five have the potential to generate strong returns for investors over the next decade.
Here's why I would buy them:
Aristocrat Leisure Limited (ASX: ALL)
I think this gaming technology company could be a long term market beater. Although it looks likely to experience a short term reduction in demand for its poker machines due to the pandemic, I expect its social and mobile gaming apps to thrive during lockdowns. If it can retain these users when casinos reopen, Aristocrat Leisure will be well-placed for growth over the next 10 years.
Bigtincan Holdings Ltd (ASX: BTH)
Bigtincan is a provider of enterprise mobility software which allows sales and service organisations to improve mobile worker productivity through smart devices. It counts a growing number of blue chip companies such as Australia and New Zealand Banking Group (ASX: ANZ), sports giant Nike, and global beauty retailer Sephora as customers. I believe this is a testament to the quality of its offering.
Bravura Solutions Ltd (ASX: BVS)
Bravura Solutions is a fintech company providing software and services to the wealth management and funds administration industries. It has a number of different products in its portfolio, but the key one for me is the Sonata wealth management platform. It is used by many large financial institutions to connect and engage with their clients anytime, anywhere, via computers, tablets or smartphones.
Jumbo Interactive (ASX: JIN)
Jumbo is an online lottery ticket seller and the operator of the Oz Lotteries website. It is aiming to generate $1 billion in global ticket sales annually through its platform by FY 2022. This will be triple what it achieved in FY 2019. If it delivers on this, then I suspect its shares will be trading notably higher than where they are today.
Kogan.com Ltd (ASX: KGN)
A final share to consider as a buy and hold option is Kogan. I think the ecommerce company would be a good option for investors due to continued shift to online shopping. In addition to this, its expansion into potentially lucrative verticals such as energy and mobile and the launch of Kogan Marketplace should support its earnings growth in the future.
