At the weekend I looked into how $20,000 investments in a number of popular ASX shares had fared over the last 10 years. You can read about how successful those investments were here.
But that was the last 10 years, what about the next decade?
Listed below are three ASX shares that I believe could be top options for a $20,000 investment in August. Here's why I think they could be future market beaters:
Pushpay Holdings Group Ltd (ASX: PPH)
I think Pushpay would be a fantastic option for a $20,000 investment. It is growing technology company which provides churches and not-for-profits with a donor management platform. Adoption of the platform has been increasing rapidly over the last few years and looks set to continue doing so during the pandemic. Especially given the rise of the cashless society, which is making it even more important for churches to go digital. Management appears confident that FY 2021 will be another year of strong growth. It recently revealed that it expects to double its operating earnings this year.
REA Group Limited (ASX: REA)
Another option I would put $20,000 into is REA Group. It is the leading property listings company in the Australia market with its realestate.com.au website. In addition to this, the company has similar real estate websites in Europe, Asia, and the United States. Although REA Group is experiencing a sizeable reduction in listing volumes during the pandemic, it has managed to offset its weaker revenues through cost cutting. I believe this demonstrates the resilience of its business model and positions it perfectly to accelerate its earnings growth when the headwinds finally ease.
SEEK Limited (ASX: SEK)
A final share which I think could be a good option for a $20,000 investment is SEEK. I'm a big fan of the job listings company due to its dominant position in the ANZ market and its growing China-based business. Although times are admittedly hard because of the pandemic, as with REA Group, I believe its growth will accelerate once trading conditions ease. Especially given its rapidly growth Zhaopin business in the massive China market. Later this decade SEEK is aiming to grow its revenue to $5 billion. I'm confident it will achieve this, which will mean a material increase on the revenue of $1,575 million it expects to report in FY 2020.
