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

Here's why I think Pushpay Holdings Group Ltd (ASX:PPH) and these ASX shares would be great options for a $20,000 investment…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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

But that was the last 10 years, what about the next decade?

Listed below are three ASX shares that I believe could be top options for a $20,000 investment in August. Here's why I think they could be future market beaters:

Pushpay Holdings Group Ltd (ASX: PPH)

I think Pushpay would be a fantastic option for a $20,000 investment. It is growing technology company which provides churches and not-for-profits with a donor management platform. Adoption of the platform has been increasing rapidly over the last few years and looks set to continue doing so during the pandemic. Especially given the rise of the cashless society, which is making it even more important for churches to go digital. Management appears confident that FY 2021 will be another year of strong growth. It recently revealed that it expects to double its operating earnings this year

REA Group Limited (ASX: REA)

Another option I would put $20,000 into is REA Group. It is the leading property listings company in the Australia market with its realestate.com.au website. In addition to this, the company has similar real estate websites in Europe, Asia, and the United States. Although REA Group is experiencing a sizeable reduction in listing volumes during the pandemic, it has managed to offset its weaker revenues through cost cutting. I believe this demonstrates the resilience of its business model and positions it perfectly to accelerate its earnings growth when the headwinds finally ease.

SEEK Limited (ASX: SEK)

A final share which I think could be a good option for a $20,000 investment is SEEK. I'm a big fan of the job listings company due to its dominant position in the ANZ market and its growing China-based business. Although times are admittedly hard because of the pandemic, as with REA Group, I believe its growth will accelerate once trading conditions ease. Especially given its rapidly growth Zhaopin business in the massive China market. Later this decade SEEK is aiming to grow its revenue to $5 billion. I'm confident it will achieve this, which will mean a material increase on the revenue of $1,575 million it expects to report in FY 2020.

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 over ten 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. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now...

See The 5 Stocks *Returns as of 3 April 2025

James Mickleboro owns shares of SEEK Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of PUSHPAY FPO NZX. The Motley Fool Australia has recommended PUSHPAY FPO NZX, REA Group Limited, and SEEK Limited. 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.

More on Growth Shares

A happy young couple lie on a wooden deck using a skateboard for a pillow.
Growth Shares

3 ASX 200 stocks I'd buy and hold for the next 10 years

Looking for stocks to hold onto for the long term. These three could be just the ticket according to analysts.

Read more »

A man holding a cup of coffee puts his thumb up and smiles while at laptop.
Growth Shares

What I'd buy before the ASX rebounds: 3 high-conviction share picks

Analysts think these shares are strong buys before the market rebound.

Read more »

a woman holds a facebook like thumbs up sign high above her head. She has a very happy smile on her face.
Growth Shares

The best ASX growth shares to buy while they're still on sale

Analysts see major upside for investors with these top stocks.

Read more »

man looking through window at sky scraper buildings
Growth Shares

Market selloff creates rare buying window: 3 quality ASX 200 shares I'd buy right now

Analysts think investors should buy these shares while they are down.

Read more »

Smiling couple sitting on a couch with laptops fist pump each other.
Growth Shares

This market selloff won't last, but these 3 ASX shares could thrive for decades

Now could be an opportune time to think long term about ASX shares. Here are three analysts rate as buys.

Read more »

a young woman raises her hands in joyful celebration as she sits at her computer in a home environment.
Growth Shares

These ASX 200 shares could rise 50% to 60%

Brokers see potential for big returns from these shares over the next 12 months.

Read more »

Man on a laptop thinking.
Growth Shares

5 of the best ASX shares to buy after the market selloff

Analysts think these shares could be top picks for investors.

Read more »

Happy work colleagues give each other a fist pump.
Growth Shares

3 beaten-down ASX growth shares that could roar back in 2025

These beaten down shares could be top buys according to analysts. Let’s find out why.

Read more »