I think one of the best ways for investors to increase their wealth is to invest long term in quality stocks with solid business models and solid growth prospects.
Below are three actions that, in my opinion, could provide exceptional returns for their shareholders and potentially allow investors to retire profitably. That's why I like them:
Altium Limited (ASX: ALU)
I think Altium could be one of the best buying and maintenance options on the local stock market. This is due to the quality of its design software and its exposure to the massive Internet of Things (IoT) market. Recent research by Statista estimates that the IoT market will move from 23 billion devices in 2018 to 75 billion devices by 2025. Since most of these devices require printed circuit boards (PCBs) within them, the demand of Altium's award-winning PCB design software could materially increase over the next decade and drive strong profit growth.
CSL Limited (ASX: CSL)
To the great joy of its shareholders, the shares of this global biotherapeutics company have been constantly market beats in the last decade. The good news is that I believe that the quality of its products, its talented management team and the high level of investment in research and development have led CSL to continue to generate exceptional returns for investors over the next decade. This could make it a great long term investment option for investors.
REA Group Limited (ASX: REA)
I think the REA group represents another important stake for investors who want to consider buying at this time. This is due to its high quality business model and the potential rebound of the real estate market in the year 2020. Considering that the REA Group has still managed to achieve a strong growth in profits in the 2019 financial year despite the real estate crisis , I believe that the growth of the profits of the company could accelerate if house prices recover and the growth in prices increases.
And here are three other better shares that could be fantastic buying and waiting options.
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James Mickleboro has no position in any of the stocks mentioned. The Motley Fool The Australian parent company Motley Fool Holdings Inc. owns shares in CSL Ltd. Motley Fool Australia owns shares in Altium. Motley Fool Australia has recommended REA Group Limited. We Fools may not all have the same opinions, but we are all convinced that, considering a wide range of insights, we have become better investors. The Motley Fool has a disclosure policy. This article contains only general investment recommendations (with AFSL 400691). Authorized by Scott Phillips.
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