Where I'd invest $10,000 in ASX shares for the future

Why I'd like to invest $10,000 in Nextdc Limited (ASX: NXT) and 2 other ASX growth shares for a strong financial future.

| More on:
man drawing upward curve on 2020 graph, asx share price growth

Image Source: Getty Images

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

It's hard to know where to invest $10,000 in ASX shares right now. I like to keep a long-term perspective to drown out the market noise.

Here are a few of my favourite listed companies that I'd love to buy with some spare cash today.

Where I'd like to invest $10,000 in ASX shares

First thing's first, it's important to establish a clear investment strategy. That could be a passive strategy buying exchange-traded funds like BetaShares Australia 200 ETF (ASX: A200).

If you're an active investor, you might want to decide between value stocks or ASX growth shares.

Whatever your strategy, it's important to have a clear idea of how and when you want to invest.

I like to consider what I think will be industries of the future. Given the increasing importance of data security and storage, I like the look of Nextdc Ltd (ASX: NXT). 

Nextdc is a leader in the industry with data centres across Australia. A strong growth profile combined with industry tailwinds makes it a buy in my books.

Some investors may not like buying at a record high but I think a long-term investor need not overthink short-term signals.

Another industry I'd like to invest in for the future is renewable energy. That means AGL Energy Limited (ASX: AGL) is on my radar.

The ASX energy share has slumped 17.2% lower this year and could be a bargain. Granted, AGL is not a pure renewables share. However, it is one of Australia's largest energy producers with a significant interest in renewables.

If you're investing for the long-term, I think AGL is well-placed to capitalise on any shift towards renewable energy in the decades ahead.

Finally, I'd like to invest some of that $10,000 in biotech shares. There are a couple of strong candidates at the moment but I like the look of Polynovo Ltd (ASX: PNV).

Polynovo develops innovative medical devices utilising the patented bioabsorbable polymer technology Novosorb.

The Aussie biotech company has some exciting developments as it pushes its NovoSorb BTM product towards more medical applications.

The Polynovo share price is surging higher but I think the ASX biotech share could be a strong buy for long-term growth.

Foolish takeaway

These are just a few of my favourite ASX shares to invest in for the long-term.

There are plenty of strong buys in the market right now and I think we'll see more after the August earnings season.

Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of POLYNOVO FPO. The Motley Fool Australia has no position in any of the stocks mentioned. 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

Two plants grow in jars filled with coins.
Growth Shares

3 ASX 200 growth stocks up more than 100% in 1 year that could charge higher

It's been a memorable year for shareholders of these 3 companies.

Read more »

Afterpay share price a happy shopper with a wide mouthed smile holds multiple shopping bags up around her shoulders.
Growth Shares

The pros and cons of buying Zip shares in June

Should investors buy now or wait until later?

Read more »

A smiling woman holds a Facebook like sign above her head.
Growth Shares

3 ASX growth shares I'd buy for the next 10 years

Let's see why these shares could be top picks for the long term.

Read more »

wheelchair user in an office talking on mobile phone
Growth Shares

Why I'd buy this ASX growth share instantly

I’m calling on this stock to deliver strong returns.

Read more »

A happy boy with his dad dabs like a hero while his father checks his phone.
Growth Shares

2 ASX growth shares to buy in June: experts

These businesses have strong growth potential.

Read more »

Rocket powering up and symbolising a rising share price.
Growth Shares

Buy these stellar ASX growth shares with $1,000

Analysts think these shares would be top buys right now.

Read more »

Overjoyed man celebrating success with yes gesture after getting some good news on mobile.
Growth Shares

These ASX growth shares could rise 18% to 30%

Let's see which shares are being tipped to rocket.

Read more »

Ecstatic woman looking at her phone outside with her fist pumped.
Growth Shares

Goldman Sachs tips this ASX 200 growth stock to rise 35%

Let's see what the broker is saying about this growing company.

Read more »