At the weekend I looked at how successful $20,000 investments have been in a number of popular ASX shares over the last 10 years. You can read about those here.
But that was 10 years ago, which shares will produce the goods over the next decade?
Here are three ASX shares which I think could provide market beating returns for investors over the 2020s:
BetaShares Asia Technology Tigers ETF (ASX: ASIA)
I think the BetaShares Asia Technology Tigers ETF could be a great option for this $20,000 investment. This exchange traded fund allows investors to buy a piece of a large number of exciting tech shares through just a single investment. The BetaShares Asia Technology Tigers ETF is invested in some of the fastest growing tech companies in the Asia market which are revolutionising the lives of billions of people in the region and look very well-positioned for growth. Included in the fund are the likes of ecommerce giant Alibaba, search engine company Baidu, and WeChat owner, Tencent.
Kogan.com Ltd (ASX: KGN)
Another ASX share I would consider investing $20,000 into is Kogan. It is a rapidly growing ecommerce company which I think could be a great long term option for investors. This is due to its growing active customer numbers and the continued shift to online shopping. Prior to the pandemic, an estimated ~10% of retail spending was being made online in Australia. I expect this number to grow materially over the next decade and underpin strong sales and profit growth for online retailers like Kogan.
Pushpay Holdings Group Ltd (ASX: PPH)
I believe this growing technology company could be a great option for a $20,000 investment. It provides churches and not-for-profits with a donor management and engagement platform. Adoption of its platform has been increasing rapidly over the last few years and has continued during the pandemic. Especially given the rise of the cashless society. This is making it even more important for churches to go digital. Pushpay's strong growth is expected to continue in FY 2021, with management aiming to double its operating earnings this year.
