Got a spare $10,000? I would invest it in these 4 growth shares

Rather than leave $10,000 in a supposed high interest savings account, I would put it to work in the share market.

After all, with rates at record lows and probably still going lower, the potential returns on offer in the share market absolutely smash those of savings accounts.

Here are four growth shares that I would invest a spare $10,000 in:

Despite rallying 14% year-to-date, I still believe the a2 Milk Company Ltd (Australia) (ASX: A2M) share price is in the buy zone. This explosive dairy company recently reported a massive 290% increase in half-year net profit after tax to NZ$39.4 million. I expect another strong performance in the second-half thanks to the growing popularity of its products in Asia.

The Class Ltd (ASX: CL1) share price has fallen around 21% in the last six months, which I feel could make it an opportune time to snap up its shares for a long-term buy and hold investment. I have been very impressed with the way the self-managed super funds software provider has continued to grow its market share. At the end of last year its market share had risen to 21.7%. Furthermore the company boasted a retention rate of 99%.

The Nextdc Ltd (ASX: NXT) share price has surged higher by a whopping 22% since the start of February. The catalyst for this was the release of an impressive first-half result from the data centre operator. Thanks to increasing demand for cloud services, contracted utilisation rose 32% to 30 MW in the first-half. This ultimately led to the company posting a massive 110% increase in EBITDA to $23.9 million. I expect more of the same in the second-half.

The Webjet Limited (ASX: WEB) share price has been one of the best performing non-mining shares on the market in the last 12 months, rising a staggering 88%. But despite this huge gain I still believe the online travel agent is a buy. Webjet’s numerous brands once again posted industry-beating bookings growth in the first-half of FY 2017, leading to an 86.9% increase in half-year net profit after tax. It is for this reason that I consider Webjet to be the ultimate growth share on the ASX.

Finally, if you're after even more ideas for where to invest that $10,000 I would suggest you take a close look at these hot stocks as well. I'm tipping each to have a strong 2017 which could lead to decent share price gains.

Top 3 ASX Blue Chips To Buy In 2017

For many, blue chip stocks means stability, profitability and regular dividends, often full franked..

But knowing which blue chips to buy, and when, can often be fraught with danger.

The Motley Fool's in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool's Top 3 Blue Chip Stocks for 2017."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

If you're expecting to see the likes of Commonwealth Bank, Telstra and Wesfarmers shares on this list, you'll be sorely disappointed. Not only are their dividends growing at a snail's pace, their profits are under pressure too due to the increasing competitive environment.

The contrast to these "new breed" blue chips couldn't be greater... especially the very real prospect of significant share price gains, something that's looking less likely from the usual blue chip suspects.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand - and how quickly the share prices of these companies moves - we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia owns shares of A2 Milk and Class Limited. 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.

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