ASX shares are the best way to grow your wealth over the...

ASX shares are the best way to grow your wealth over the long-term in my opinion.

Businesses can deliver good compound growth and pleasing dividends over many years. It’s also a lot easier switching an investment to another ASX share than it is to sell a property (and then buy another).


Here are three ASX shares that I’d buy with $10,000:


Bubs Australia Ltd (ASX: BUB)

Bubs is one of my main growth ASX share ideas at the moment. I really like the trajectory that the business is on.

It specialises in goat milk products and it’s seeing enormous growth with its infant formula division. In the three months to 31 March 2020, Bubs saw a 137% increase of infant formula revenue which represented 58% of gross sales. If the company can continue to grow internationally at a strong rate then it could become a sizeable business.

I like that Bubs is in control of its own supply chain after the Deloraine acquisition. I also like that it isn’t too heavily dependent on China revenue. Its ‘other markets’ revenue grew by around 20 times in the quarter to 31 March 2020 – this division represented 12% of gross sales.


The business has been growing quarterly revenue at a very good rate for a while now. But the quarter to 31 March 2020 was truly impressive. Bubs’ quarterly revenue of $19.7 million was a 67% increase year on year and a 36% increase compared to the previous quarter. Bubs’ infant formula revenue jumped 137% and Chinese revenue rose by 104%.

I really like what Bubs has achieved over the past couple of years, particularly with securing its supply chain and expanding its distribution footprint.

Good news continues to flow from the ASX share. It recently announced its (cow-based) grass fed infant formula will be sold in 482 Coles Group Limited (ASX: COL) supermarkets. In that same announcement it said that Baby Bunting Group Limited (ASX: BBN) would start selling Bubs’ range of products in 52 stores from May 2020.

I think Bubs is definitely one to watch over the next five years. I’d be happy to buy shares at the current Bubs share price.