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:
BWX Ltd (ASX: BWX)
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.
