Congratulations! You've survived the questionable choices of your 20s and hopefully the only consequence is an easily concealable tattoo (or two). Investing in your 30s involves a more moderate tolerance to risk than in your early years as you take on new obligations like family and/or long-term debts and look for more security.
The companies you will be looking for will reflect this — medium-risk with long-term growth potential. Here are three companies that fit these criteria.
SkyCity Entertainment (ASX: SKC)
SkyCity is a well-established casino operator with strong cash flows, but it also has aggressive growth plans that will involve the company spending almost $1 billion over the next few years. That's 50% of the company's $2 billion market capitalisation.
The projects involve funding the expansion of SkyCity's Adelaide and Auckland casinos in exchange for extensions to casino licences, and the increase in the number of gaming machines and tables allowed to be operated will add growth.
Woodside Petroleum (ASX: WPL)
Supported by firm oil and gas production form the company's North West Shelf and Pluto LNG projects, Woodside is about to embark on its own ambitious growth plan with three early stage projects which will drive long-term growth.
Woodside's Browse Basin project and its venture into Israel are both risky operations with plenty of uncertainty. However the upside potential is significant, so a long-term perspective is required to see the growth come to fruition.
TPG Telecom (ASX: TPG)
TPG Telecom is a full service telco provider that owns a range of end-to-end network infrastructure. This includes over 400 telephone exchanges, extensive fibre optic networks and an international submarine cable connecting Australia and Guam with onwards connectivity to USA and Japan.
Strong growth is anticipated for the company and although shares have risen sharply in the last year they would be attractive if they start to retreat.
Foolish takeaway
With these companies in your portfolio you will ease back on risk, but with the long-term perspective that allows for strong growth.
