Here’s where I would invest $20,000 in the ASX today

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.

If you have a few funds leftover for another investment, then I would suggest you look at these explosive growth shares as well. I've tipped 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 fully franked..

But knowing which blue chips to buy, and when, can 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 Altium and Nanosonics 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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