If you're a growth investor looking for some new investments, then I think you're very much in luck right now.
This is because I believe there are a number of quality companies that are well-placed to deliver strong earnings growth over the coming years.
Three that jump out at me right now are listed below. Here's why I would Invest $3,000 across them:
a2 Milk Company Ltd (ASX: A2M)
The first growth share that I think investors ought to buy is A2 Milk Company. It is an infant formula and fresh milk company which has been growing at a rapid rate over the last few years. This growth has been driven largely by the increasing demand for its premium infant formula in the China market, but also its expanding fresh milk footprint. And while FY 2021 appears likely to be an off-year for the company because of the pandemic's impact on the daigou channel and pantry de-stocking, I'm confident the company will bounce back strongly in FY 2022. Especially given its expanding distribution in China through mother and baby stores. Another positive is that management has the option of boosting its growth with acquisitions thanks to its significant cash balance.
ELMO Software Ltd (ASX: ELO)
Another growth share to consider buying is ELMO. It is a cloud-based human resources and payroll software company that streamlines a wide-range of processes through a single unified platform. ELMO has been growing at a strong rate over the last few years and looks well-placed to continue this positive form in the years that follows. This is thanks to rapid adoption of cloud-based solutions, the quality of its platform, and its growth through acquisition strategy. In fact, the company has recently just boosted its offering with the acquisition of UK-based Breathe. This gives the company access to the SME market and plenty of cross-selling opportunities in the $6.8 billion UK market.
Kogan.com Ltd (ASX: KGN)
A final growth share to buy is this ecommerce company. While its shares are not cheap now after their incredible gains in 2020, I still believe they would be a great long term option. This is because Kogan and its increasingly popular website appear perfectly positioned to benefit from the structural shift to online shopping that has been accelerated by the pandemic. In addition to this, following a capital raising earlier this year, management has the option to make value accretive acquisitions in the near term to boost its growth.
