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

After last week’s Reserve Bank of Australia meeting it seems very likely that the cash rate will remain at the record low of 1.5% for the remainder of 2018.

This means that the paltry interest rates on offer from savings accounts are here to stay for some time to come.

So instead of letting your money gather dust, I would suggest investors put it to work in the share market.

Here are three shares I would put $10,000 into today:


While BWX delivered a first-half result below the market’s expectations, I think the sell-off of its shares was largely overdone. The good news is that this has arguably left the personal care products company’s shares trading at a very attractive price. Especially given the international expansion of its Sukin brand and the growth potential this provides. It is worth noting, also, that last week Goldman Sachs placed BWX on its conviction buy list with a massive $8.25 price target on its shares.

Domino’s Pizza Enterprises Ltd. (ASX: DMP)

Although I think its shares could remain volatile in the short-term, I think that in the long-term they could provide above-average returns for investors. After all, the company plans to more than double its store footprint by 2025. This expansion and its focus on technology and efficiencies, should ultimately lead to bumper profit growth in my opinion. Just yesterday Morgan Stanley placed a $55.00 price target on Domino’s shares. This would mean a return of 29% if its shares rose to that level.

Nextdc Ltd (ASX: NXT)

Thanks to the rise of cloud computing and the ever-increasing consumption of data, I think that the data centre industry is about to experience meteoric growth. As a market-leader with some of the highest quality centres in the world, I think NEXTDC will be a big winner from the trend. While its shares are a little on the expensive side compared to the market average, I do believe it is capable of growing its earnings at a rate that more than justifies the premium.

Looking for even more ideas for that $10,000? Then don't miss out on these hot shares as well.

Top 3 ASX Blue Chips To Buy In 2018

For many, blue chip stocks mean 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 2018."

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%.

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 owns shares of NEXTDC Limited. The Motley Fool Australia owns shares of and has recommended BWX 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 Scott Phillips.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.