If you're just starting out with investing you may not have substantial funds to sink into the market.
But I wouldn't let that put you off. After all, as has been demonstrated here, even an investment of $1,000 has the potential to grow significantly over the long-term.
With that in mind, here are three shares that I think would be great long-term options for investors:
BetaShares NASDAQ 100 ETF (ASX: NDQ)
The first option for investors to consider for that $1,000 investment is the BetaShares NASDAQ 100 ETF. By investing in this exchange traded fund, through a single investment you're able to invest in the 100 largest businesses listed on the famous technology-focused NASDAQ index. This means you'll be investing in the likes of Amazon, Apple, Netflix, Facebook, Microsoft, and Google parent, Alphabet. I believe these are amongst the highest quality businesses in the world and capable of driving the NASDAQ index notably higher over the next decade.
NEXTDC Ltd (ASX: NXT)
NEXTDC is the Asia region's most innovative Data Centre-as-a-Service provider with centres in key locations in many of Australia's capital cities. I believe it could be a great option for a long term investment option due to explosion of cloud computing. This is because as cloud computing usage increases, demand for its data centre and connectivity services is likely to increase with it. This has proven to be the case in 2020, with the company revealing strong growth in contracted utilisation. As a result, it recently announced plans to build a new data centre in Sydney to capture the growing demand.
Pushpay Holdings Group Ltd (ASX: PPH)
A final option to consider for that $1,000 investment is Pushpay. It is a fast-growing donor management platform provider for the faith sector. I believe it could be a market beater over the next decade thanks to the quality of its offering and its sizeable market opportunity. Another positive is the recent acquisition of church management system provider Church Community Builder. I believe this acquisition cements its position as the leader in the industry and puts it in a great position to grow its market share materially over the coming years.
