One sure-fire way to generate wealth in the share market is by investing successfully in quality companies for long periods.
Take for example, property listings company REA Group Limited (ASX: REA).
If you had invested $10,000 into its shares 10 years ago, your investment would be worth $105,000 today.
But success is by no means guaranteed when you invest. Though, I believe you can put the odds in your favour by investing wisely.
Which shares would be good buy and hold options? I believe the two top ASX shares listed below could help you grow your wealth in the 2020s. Here's why I like them:
Bravura Solutions Ltd (ASX: BVS)
One area of the market which I think has strong growth potential is the financial technology industry. One of my favourite options in this industry is Bravura Solutions, which is a provider of software products and services to financial institutions. These include major institutions such as BNP Paribas, Fidelity, and Mercer.
The key product that appears to be attracting these giants to Bravura Solutions is its Sonata wealth management platform. It allows users to connect and engage with clients anytime, anywhere, through computers, tablets, or smartphones. It also simplifies legacy client systems into one unified customer-centric solution. I believe Sonata and recent bolt on acquisitions leave the company well-placed to deliver strong earnings growth over the next decade.
ResMed Inc. (ASX: RMD)
ResMed has been a very strong performer over the last 10 years, but I believe it could do it all again in the 2020s. This is because the sleep treatment focused medical device company has a massive and growing market opportunity due to the proliferation of obstructive sleep apnoea.
Given the quality of its mask products and software solutions, I believe it will capture a growing slice of this market over the next decade. This should drive solid earnings growth and potentially market beating returns for investors.
