The best ASX shares to invest $20,000 in right now

Check out these stocks that could reward you handsomely if you invested your hard-earned right now.

| More on:
An older couple hug and smile in front of a motorhome.

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

Have you got $20,000 to invest right now?

Lucky you! It's nice to have some spare cash to buy ASX stocks, as there are always great opportunities available.

If I had that sort of money, here are two best shares I would buy at the moment:

Margin up, competitor down

I already own Resmed CDI (ASX: RMD) but would be tempted to buy more at the moment.

Last year, the healthcare stock fell off a cliff after investors panicked over the impact of new GLP-1 weight loss drugs on obesity.

While a reduction in obesity is a wonderful development for the world, the market worried that it would also reduce the incidences of sleep apnoea, which ResMed's products treat.

Many investment and medical experts at the time declared that the panic was overdone, and they were proven to be correct.

According to a Blackwattle memo to clients, ResMed's business update last month presented "data showing no negative sales impacts from GLP1 weight loss drug usage".

If anything, such treatments could be complementary.

"[ResMed's update] highlighted the benefits of combining those drugs with CPAP devices to address sleep apnoea."

The other tailwind for ResMed was the continued struggles for its biggest rival Koninklijke Philips NV (AMS: PHIA), who suffered a product safety recall a few years back.

"Philips agreed on a consent decree with the FDA, which effectively prohibits it from selling new devices in the USA in the immediate future."

The January update also showed fatter margins, which was the other major concern back in the August reporting season.

"The company reported improved gross margins following price increases, lower freight costs, currency movements and a favourable mix shift towards its new AirSense 11 product."

The best shares among small caps

In the small cap end of the market, Camplify Holdings Ltd (ASX: CHL) is looking good to me ahead of its report on Wednesday.

The $170 million company provides a technology platform for owners of caravans and motorhomes to lend out their recreational vehicles when they're unused.

The startup began in Newcastle NSW but has now expanded globally, to places like New Zealand, the UK, Spain, Germany, Netherlands and Austria.

A holding company of Citigroup Inc (NYSE: C) is Camplify's biggest shareholder, owning about 13.4% of the shares.

Camplify has put a smile on investor faces in recent times, soaring 35% over the past 10 months.

While it's not yet profitable, the business reported a 133% boost in revenue for the 2023 financial year.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Tony Yoo has positions in Camplify and ResMed. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended ResMed. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended Camplify. The Motley Fool Australia has positions in and has recommended ResMed. The Motley Fool Australia has recommended Camplify. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Opinions

Two funeral workers with a laptop surrounded by cofins.
Opinions

2 exciting ASX 300 shares on sale right now

I’m bullish about these exciting businesses.

Read more »

A male investor wearing a white shirt and blue suit jacket sits at his desk looking at his laptop with his hands to his chin, waiting in anticipation.
Opinions

Is it time to buy these 2 beaten-up ASX shares in 2025?

These stocks have dropped this year. Are they some of the best opportunities on the ASX?

Read more »

Modern accountant woman in a light business suit in modern green office with documents and laptop.
Opinions

Too high? These 2 ASX shares might be due for a correction

These popular blue chips are looking dicey to me.

Read more »

A woman looks questioning as she puts a coin into a piggy bank.
Opinions

The ASX 200 is approaching its all-time high. Here's why I'm not buying shares

I'm not seeing what the broader market is.

Read more »

Warren Buffett
Opinions

Three ASX 200 shares Warren Buffett could buy

If Warren Buffett had to add three ASX shares to his portfolio, he would likely look at these three top…

Read more »

A young woman sits with her hand to her chin staring off to the side thinking about her investments.
Opinions

Could Soul Patts shares hit $50 in 2025?

This company jumped more than 16% yesterday.

Read more »

A male investor sits at his desk looking at his laptop screen holding his hand to his chin pondering whether to buy Macquarie shares
Opinions

3 great lessons I learned being an owner of Brickworks shares

I’m going to take these lessons with me.

Read more »

A bricklayer peers over the top of a brick wall he is laying with a level measuring tool on top and looks critically at the work he is carrying out.
Opinions

The pros and cons of the Soul Patts and Brickworks merger

This is a big deal. What are the positives and negatives of the merger?

Read more »