$15,000 to invest? I would buy these hot growth shares

Last week the Reserve Bank of Australia held the cash rate at the record low of 1.5%. With rates at these low levels, I think investors are better off skipping high interest savings accounts and investing in the share market.

Here’s where I would invest $15,000 today:

The Domino’s Pizza Enterprises Ltd. (ASX: DMP) share price is currently around 30% lower than its 52-week high. I think this is a rare opportunity for investors to grab a slice of this explosive company at a reasonable price. Whilst there have been concerns over the underpayment of wages by franchisees, I think the issue has been overblown. With the company still growing strongly at home and overseas, I think Domino’s is a great buy and hold option.

The Noni B Limited (ASX: NBL) share price may be up 51% in the last 12 months, but I don’t think it is too late to snap up this retailer’s shares. As well as the Noni B brand, the company recently bolstered its retail presence with the acquisition of Pretty Girl. Not only did this strengthen its offering in the lucrative middle-aged woman market, but the acquisition helped Noni B deliver a 142% jump in half-year revenue to $143 million and a 149% increase in underlying pre-tax profit to $10.1 million. This good form means the company will be included in the ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) from March 20.

The TPG Telecom Ltd (ASX: TPM) share price has fallen an incredible 45% in the last six months. This has left its shares changing hands at just over 16x trailing earnings, which I think makes the telco giant a bargain buy. Whilst NBN margins may not be as generous as expected, TPG Telecom certainly has other opportunities which could offset this. The roll out of its own fibre service in certain areas and the expansion of its mobile service could all provide the company with a long runway for growth.

If you're still on the look out for even more ideas then look no further than these explosive growth stocks. I'm tipping each of them to smash the market this year.

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 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.

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