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

As I mentioned earlier this week, economists at Westpac Banking Corp (ASX: WBC) don’t expect the Reserve Bank of Australia to increase rates until 2021.

Because of this, if I had $10,000 sitting in a savings account I would consider putting it to work in the share market instead of leaving it to gather dust.

Here is where I would invest these funds:

Appen Ltd (ASX: APX)

Appen is a global leader in the development of high-quality, human annotated datasets for machine learning and artificial intelligence. Although I think its shares are close to fully valued now after a stellar share price gain over the last 12 months, I still believe that it could be a quality buy and hold investment. Especially given the company’s position as a leader in a rapidly growing content relevance market. I feel this should put Appen in a position to continue its strong earnings growth for some time to come.

Dicker Data Ltd (ASX: DDR)

Investors interested in earning income might want to consider this leading computer software and hardware wholesale distributor. Dicker Data is one of my favourite dividend shares on the Australian share market due to its generous yield, quarterly payments, and solid business model. Earlier this week it released its half year results which revealed a solid 13.5% increase in revenue to $717.6 million and an 11.9% lift in operating profit before tax to $21.75 million. This year the board intends to pay an 18 cents per share dividend, which equates to a fully franked 5.9% yield.

Webjet Limited (ASX: WEB)

Last week this online travel agent delivered an impressive full year result driven by further above-average bookings growth. Webjet delivered a 54% increase in total transaction value to $3,012 million, a 54% lift in revenue to $291 million, and a 63% increase in net profit after tax (before acquisition amortisation) to $55.7 million. FY 2019 looks set to be another positive year for the company with management continuing to target bookings growth rates of more than 3 times the underlying market for the B2C segment and more than 5 times the underlying market for the B2B segment.

Finally, if you have more funds to spend or want more ideas for that $10,000, here are three buy rated growth shares to consider this week.

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Motley Fool contributor James Mickleboro owns shares of Westpac Banking. The Motley Fool Australia owns shares of and has recommended Dicker Data Limited. The Motley Fool Australia owns shares of Appen Ltd. The Motley Fool Australia has recommended Webjet Ltd. 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.

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