4 stocks I'd buy with $10,000 to spend

Everyone loves finding great stocks, so why not check out M2 Group Ltd (ASX:MTU), Nearmap Ltd (ASX:NEA), Coca-Cola Amatil Ltd (ASX:CCL) and Yellow Brick Road Holdings Ltd (ASX:YBR)?

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

Buying growth stocks and holding onto them for the long term can be one of the greatest ways an investor can boost their wealth. An investor can achieve great returns by acquiring the shares either when the company is in the early days of its life or when they are trading at a discount.

Thankfully, with the Australian share market trading more than 4% lower this month, there are plenty of stocks for us to choose from. However, if I had $10,000 to spend right now, these are the companies I would most likely buy.

1. M2 Group Ltd (ASX: MTU) is an Australian telecommunications company which offers an attractive dividend and far greater growth prospects than its larger peer Telstra Corporation Ltd (ASX: TLS). With brands like Dodo, Commander and Primus in its arsenal, it has a very strong customer base and is a solid bet for the ultra-long term.

2. Nearmap Ltd (ASX: NEA) skyrocketed after it released a very impressive set of full-year results last month but has since trended backwards, tempting investors to take another bite. Considering its fantastic growth prospects, I know I'm certainly considering it. The company is a provider of geospatial mapping technology which is proving incredibly useful across various Australian industries. Its likely expansion into the US market is simply icing on the cake.

3. Coca-Cola Amatil Ltd (ASX: CCL) has its fair share of critics right now, and justifiably so. Its profits have come under enormous pressure and the market is weighing up whether the future will be any brighter (for the record, I'm willing to bet that it will be). Although I don't expect the problems to be fixed overnight, I do have strong faith in the brand and the company's management team to guide it to greener pastures.

4. Yellow Brick Road Holdings Ltd (ASX: YBR) is a wealth management group which has also seen its shares sold-off heavily in recent weeks. Regardless, the future is looking as bright as ever, particularly with Mark Bouris (the founder of Wizard Home Loans, back in the day) at the helm. Although it is yet to hit profitability, it expects to announce its maiden profit in FY15, indicating just how early Yellow Brick Road is into its growth story.

Motley Fool contributor Ryan Newman owns shares in Coca-Cola Amatil Ltd, Nearmap Ltd and Yellow Brick Road Holdings Ltd.

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »

⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »