Where I would invest $10,000 in the share market

With the majority of economists predicting that the Reserve Bank will hold the cash rate at its record low for much of the year and some even speculating that a rate cut could be on the horizon, I would sooner invest in the share market than stick money in a savings account to gain a tiny amount of interest.

If I had $10,000 sitting in a savings account I would consider investing it in these three shares:

Aristocrat Leisure Limited (ASX: ALL)

Investors interested in growth shares could do a lot worse than this leading gaming technology company. While its core pokie machine business remains strong, the main attraction for me is its fast-growing digital business. Thanks to a series of acquisitions the company is becoming a major force in the lucrative social gaming market. I expect its increasingly popular portfolio of games will lead to further growth in average daily users and average revenue per user.

Dicker Data Ltd (ASX: DDR)

If you’re looking for a source of income then the dividends on offer from this wholesale distributor of computer hardware and software would be a great option. While Nextdc Ltd (ASX: NXT) is an obvious winner from the rise of cloud computing, so too is Dicker Data. Cloud computing related sales have been growing strongly and should give its future earnings growth a real boost. At the current share price Dicker Data’s shares provide a trailing fully franked 5.3% dividend.

Western Areas Ltd (ASX: WSA)

Investors that wish to gain exposure to the resources sector might want to consider this leading nickel producer. It isn’t just lithium miners like Galaxy Resources Limited (ASX: GXY) that are set to win big from the electric vehicle boom, nickel producers are likely to benefit greatly too due to nickel’s use in many lithium-ion batteries. Its use and the increasing demand it has caused has led to nickel prices surging higher in recent months.

Finally, here are three more up and coming stars of the ASX to consider snapping up today.

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

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That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Cochlear or REA Group.

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Motley Fool contributor James Mickleboro owns shares of Galaxy Resources Limited and NEXTDC Limited. The Motley Fool Australia owns shares of and has recommended Dicker Data 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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