How I’d invest $10k in growth stocks today

There is always something that’s trading at attractive value on the ASX. You just have to figure out what you’re willing to invest in. Here is how I’d invest $10,000 today:

Domino’s Pizza Enterprises Ltd (ASX: DMP) $1,000

The pizza mogul’s share price is experiencing tough times at the moment, but the long-term growth of the business should be okay with planned increases of outlets and margins. The share price could still go lower from here, which is why I’d only allocate $1,000 for now.

National Veterinary Care Ltd (ASX: NVL) $4,000

This veterinary business has big plans to grow its number of veterinary clinics over the next several years. It could be adding as much as 10% to its total number of clinics over the coming 12 months. I’m very confident in the management’s ability to achieve market-beating returns over the next five years, that’s why I’d be happy to allocate $4,000.

Freelancer Ltd (ASX: FLN) $2,000

It owns one of the largest freelancer portals in the world and it’s still generating strong growth in users and revenue.

I think Freelancer could turn into one of the future blue chips of Australia as it carves out its territory on the internet, that’s why I’d be happy to allocate $2,000.

Altium Limited (ASX: ALU) $3,000

The growth of the ‘Internet of Things’ should see this designer of electronic PCB software grow a lot over the next few years.

In fact, management are predicting that revenue could double by 2020 which should be a good catalyst for profits and the share price. That’s why I’d be happy to allocate $3,000 at today’s price.

Foolish takeaway

I’d be happy to buy all of the above companies at the current prices. I’m most excited by National Veterinary Care and Altium, which is why I allocated most of my imaginary money to those two picks.

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Motley Fool contributor Tristan Harrison owns shares of Altium and NATVETCARE FPO. The Motley Fool Australia owns shares of Altium. 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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