The Motley Fool

3 growth shares I’d buy today with $10,000

If I was to come into a mini-windfall this week the first thing I’d do is put the money to work in some of my favourite ASX growth stocks.

As an investor you can’t ask for much more than businesses that offer a mix of growth, value and yield and I think the three below tick the boxes. So let’s take a look at three businesses that I expect could offer some market-thumping returns for smart investors.

Macquarie Group Ltd (ASX: MQG) looks hard to go past given it trades on just over 12x trailing earnings at $77 per share with a bumper partially franked trailing yield in the region of 5.2%. The group is forecasting FY17 profit to be roughly in line with FY16, although expectations are that it will produce a slight profit beat. Moreover, the long-term prospects of this growth-oriented, shareholder friendly, adaptable asset manager remain solid in my opinion. Why would you buy a bank like Australia & New Zealand Banking Group (ASX: ANZ) when you could own Macquarie shares? Beats me.

Blackmores Limited (ASX: BKL) could produce some eye-watering growth over the next 5 to 10 years as it keeps growing vitamin sales into large Asian markets, while I still expect its move into the baby formula market may prove the doubters wrong over the long term. Other doubts over the competitive environment and regulatory risks in China means the valuation remains reasonable at around 28x expected earnings given the rocketing growth. It also offers a fully franked dividend yield in the region of 2.6% and Blackmores may continue to surprise to the upside.

MNF Group Ltd (ASX: MNF) shares look a buy as every smart investor should have some exposure to the rapid growth of the digital economy in their portfolio and MNF Group remains a superb digital growth prospect. Shares are on the expensive side, but sometimes you have to pay for up for high-quality small caps with international horizons and an exemplary track record of earnings and dividend growth. Founder led with some powerful tailwinds the company’s market value is only $270 million, which means it has plenty of potential to grow far bigger with time. At $4.07 the valuation is stretched so I would probably hope for a better entry point around 5%-10% cheaper, although this company remains an exciting prospect.

The amount of money you can make in the market with a bit of time and by picking the right stocks while you sit back and relax is unbelievable..

Don’t believe me?

Read on below..

How 1 Man Made 100x His Money After 50

Few know, that as Warren Buffett blew out the candles on his 50th birthday cake, he had just 1% of his current fortune. Think about it: At an age when most give up hope, Buffett was just getting started on the remaining 99% of his fortune. Goes to show you that it’s never too late for you to potentially get rich. Which is why we’ve gathered the strategies we learned from Buffett, distilled them down to 11 simple lessons, and put it in an exclusive report for you to claim. Just click here to learn more about this handy investing guide.

Motley Fool contributor Tom Richardson owns shares of Blackmores Limited, Macquarie Group Limited, and MNF Group Limited.

You can find Tom on Twitter @tommyr345

The Motley Fool Australia has no position in any of the stocks mentioned. 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 Bruce Jackson.

FREE REPORT: Five Cheap and Good Stocks to Buy now…

Our Motley Fool experts have FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.7% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.