With interest rates at a record low and possibly going lower still, if I had a spare $20,000 sitting in a high interest savings account I would look at investing it into the share market.
Here are three shares I would invest the money evenly into:
Altium Limited (ASX: ALU)
I believe this printed circuit board (PCB) design software provider could be a great buy and hold investment. As the number of connected devices in use globally continues to rise at an incredible pace, I expect demand for its design software will grow substantially over the next few years. Management clearly appears to believe it will as well and has targeted revenue of US$200 million by FY 2020. That's almost double FY 2016's sales of US$100.4 million.
Nanosonics Ltd. (ASX: NAN)
This infection control specialist is another which I believe has exceptionally strong long-term earnings growth potential. Due to the strong demand for its trophon EPR ultrasound probe disinfection system, earlier this year Nanosonics reported a 131% jump in half-year sales to $36.1 million. I believe the technology is vastly superior to its competition and therefore puts the company in a great position to continue to win market share.
Webjet Limited (ASX: WEB)
As more and more consumers switch to online travel bookings, I believe Webjet is positioned perfectly to profit. Earlier this year the company reported that all its key businesses experienced bookings growth ahead of the industry average. This helped Webjet deliver a massive 96% jump in half-year earnings from its continuing operations. I expect more of the same in the second-half of the year, which I feel justifies the premium its shares trade at today.
