Although there has been a bit of talk about interest rates rising in the not so distant future, I'm yet to be convinced that anything will change for at least another 12 months.
Because of this, if I had $10,000 in a bank account I would look to put it to work and invest it in one of these top growth shares.
Aristocrat Leisure Limited (ASX: ALL)
I think this fast-growing gaming technology company would be a great long-term buy and hold investment. Although its shares are changing hands on a reasonably lofty earnings multiple, I believe market share gains, higher levels of recurring revenue, and its fast-growing digital portfolio will lead to earnings growth that more than justifies its price tag.
BWX Ltd (ASX: BWX)
BWX is the company behind the popular Sukin skincare range. Thanks to the product's international expansion and the acquisitions of Mineral Fusion and Nourished Life, management believes the company will deliver EBITDA growth well in excess of the 30.7% it achieved in FY 2017. This means that its shares are trading at a touch over 23x forward earnings at present by my calculations. I think this makes BWX great value and well worth considering as an investment today.
Nextdc Ltd (ASX: NXT)
NEXTDC is one of Australia's leading data centre operators and a company that I believe has enormous growth prospects thanks to the seismic shift to the cloud. I'm not alone in this view either. Last month Citi retained its buy rating and increased the price target on its shares to $6.03. The broker believes that NEXTDC's capacity investment is a sign that it expects strong demand from existing clients. In the past, capacity additions have been a leading indicator of revenue and profit growth. Now could be a great time to snap up shares.
