With most savings accounts offering interest rates of just 1% per annum, if I had $10,000 in an account I would consider putting it to work in the share market instead.
After all, if you invest wisely, you could generate a return ten times that with shares.
But where should you invest $10,000? Three top shares to consider are listed below:
a2 Milk Company Ltd (ASX: A2M)
I think a2 Milk Company has the ability to continue its strong growth for a long time to come due largely to increasing demand for its infant formula products in China and its relatively modest market share. In addition to this, the expansion of its fresh milk footprint in the United States should be supportive of its growth in the coming years. Overall, I think it is a great place to invest $10,000 right now with a long term view.
Bigtincan Holdings Ltd (ASX: BTH)
Another option for a $10,000 investment is Bigtincan. It is a provider of enterprise mobility software. This software essentially allows sales and service organisations to improve mobile worker productivity through smart devices. A growing number of blue chip companies such as banking giant Australia and New Zealand Banking Group (ASX: ANZ), sports giant Nike, and global beauty retailer Sephora are using its software. Which I feel is a testament to its quality.
Bravura Solutions Ltd (ASX: BVS)
A final option for a $10,000 investment is Bravura Solutions. Bravura is a growing fintech company which provides high quality software and services to the wealth management and funds administration industries. While the company has a number of different products in its portfolio, the key product in my eyes is the Sonata wealth management platform. In the same vein as Bigtincan, it is used to connect and engage with clients anytime, anywhere, via computers, tablets or smartphones.
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Returns as of 7/4/2020
More reading
- ASX shares can help millennials retire before their parents
- Are these China-exposed ASX shares in danger in 2020?
- 2 ASX tech shares to buy with stellar growth prospects
- 2 exciting ASX tech shares to buy right now
- Could these small cap ASX shares be the next Afterpay?
James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Bravura Solutions Ltd. The Motley Fool Australia owns shares of and has recommended BIGTINCAN FPO. The Motley Fool Australia owns shares of A2 Milk. The Motley Fool Australia has recommended Bravura Solutions Ltd. 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.
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