A new month is upon us, so what better time to look at giving your portfolio a little lift with a few new additions.
Five top ASX shares which I'm tipping as market beaters over the next few years are listed below. Here's why I would invest $5,000 across them:
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Bravura Solutions Ltd (ASX: BVS)
Bravura Solution is a provider of software and services to the wealth management and funds administration industries. I'm a big fan of the company due to its leading Sonata wealth management platform, which I believe has a significant global market opportunity. In addition to this, the company has been bolstering its offering with acquisitions over the last couple of years. These look to have positioned Bravura perfectly for long term growth.
Pushpay Holdings Group Ltd (ASX: PPH)
Pushpay is a leading donor management and community engagement platform provider for the faith sector. This may be a niche market, but it certainly is a very lucrative one. The company is aiming to win a 50% share of the medium to large church market in the future, which represents a US$1 billion opportunity. Given that FY 2020's revenues increased 32% to US$129.8 million, this clearly gives it a long runway for growth over the 2020s. Due to the quality of its platform and last year's US$87.5 million acquisition of church management system provider Church Community Builder, I believe it will achieve its target.
REA Group Limited (ASX: REA)
REA Group is the property listings company behind the market-leading realestate.com.au website and several international equivalents. It has been a strong performer over the last few years despite the housing market downturn. So, with the housing market tipped to rebound in 2021, I believe its medium to long term outlook is looking very positive.
SEEK Limited (ASX: SEK)
Another ASX share to consider buying is this job listings giant. I think it could be a great investment option thanks to its investments in growth opportunities, its domination of the ANZ market, and its growing China-based Zhaopin business. Combined, I believe SEEK is well-positioned to deliver strong revenue growth over the next decade. This could lead to more market-beating returns for its shares over the 2020s.
Zip Co Ltd (ASX: Z1P)
Finally, I believe this buy now pay later provider could be a top long term option. This is due to the growing popularity of the payment method with consumers and retailers, the demise of credit cards, the launch of its Tap & Zip product, and its international expansion. The latter includes its recent entry into the $5 trillion U.S. market via the acquisition of QuadPay.
