Where to invest $20,000 into ASX shares right now

Here’s why I think investors should consider investing $20,000 into Appen Ltd (ASX:APX) and this ASX share right now…

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At the weekend I had a look at how $20,000 investments in a number of popular ASX shares over the last 10 years have fared. You can read about those here.

But that was then and this is now. Which shares will produce the goods over the next decade?

Here are two ASX shares which I think could provide market-beating returns for investors over the 2020s:

Appen Ltd (ASX: APX)

One megatrend that I think investors should have exposure to is artificial intelligence. It is revolutionising technology and the lives of billions of people around the world. There are a number of companies on the Australian share market with exposure to this megatrend, but few with such direct exposure as Appen.

It is in a fantastic position to benefit from the rapid growth of this market due to it being a leading developer of high-quality, human-annotated training data for machine learning and artificial intelligence. This is a vital part of the process, as without quality data, artificial intelligence models will never reach their potential. Appen has helped tech giants such as Apple, Facebook, and Microsoft, to name just three, with their models.

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

I’m very bullish on the Asian economy over the coming decade and expect it to outpace most developed economies. In addition to this, I’m also very positive on the technology sector and believe it would be a great place to put funds. As a result, I think the BetaShares Asia Technology Tigers ETF would be a great place to invest $20,000 with a long term view.

The ETF is invested in some of the fastest growing tech companies in the Asia market. This includes ecommerce giant Alibaba, search engine company Baidu, and tech behemoth, Tencent. The latter has over 1 billion active users of its WeChat app globally.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended BetaShares Asia Technology Tigers ETF. The Motley Fool Australia owns shares of Appen Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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