Earlier this month Ilookedat how successful $20,000 investments in a number of popular ASX shares had been over the last 10 years.

Whilst picking market-beaters is no easy feat, I believe the three shares listed below have the potential to achieve outsized returns over the next decade.

Heres why I would invest $20,000 into them in 2020:

Nanosonics is a leading infection control specialist. At present it is best-known for its industry-leading trophon EPR disinfection system for ultrasound probes. Its global market share has been growing an a rapid rate in recent years, leading to it recording a 17% share at the end of FY 2019. Given its quality, I expect this trend to continue in the coming years, driving strong unit and consumables sales growth. This should be supported by the release of new products in the near term that are targeting unmet needs. If they are half as successful as the trophon EPR product, then the future will be very bright for Nanosonics.

I think that this property listings company would be another top option for investors to consider buying. I think it is one of the highest quality companies on the local market and believe it is well-positioned to deliver strong long term earnings growth over the next decade. Especially given new revenue streams, price increases, and the rebounding housing market. The latter could drive increasing demand for listings over the coming years.

Finally, I think this job listings giant would be a great place to invest $20,000 in 2020. I believe SEEK is well-positioned to deliver above-average earnings growth over the next decade thanks to its dominant position in the ANZ market, its growing international operations, and its high level of investment in growth opportunities. The latter is expected to play a big part in helping SEEK achieve its aspirational revenue target of $5 billion by FY 2025. This will be a significant increase on the revenue of $1,537.3 million it posted in FY 2019.

The post Where to invest $20,000 in ASX shares in the 2020s appeared first on Motley Fool Australia.

As well as Nanosonics, REA Group, and SEEK, I think these top shares could beat the market in the 2020s.

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Motley Fool contributor James Mickleboro owns shares of SEEK Limited. The Motley Fool Australia owns shares of and has recommended Nanosonics Limited. The Motley Fool Australia has recommended 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.

The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2019

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Where to invest $20,000 in ASX shares in the 2020s - Yahoo Finance Australia