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

Earlier this week I wrote about how the latest Westpac Banking Corp (ASX: WBC) Weekly report reveals that its economists expect the cash rate to remain on hold at the record low of 1.5% until at least December 2020.

If this forecast proves accurate then the paltry interest rates on offer from savings accounts and term deposits could be here for years to come.

In light of this, if I had $10,000 sitting in a bank account I would consider putting it to work in the share market. Here are three shares to consider:

Bapcor Ltd (ASX: BAP)

Bapcor is one of Australia’s largest suppliers of car parts and accessories with a growing footprint across the Australian and New Zealand markets. In FY 2018 the company achieved pro forma net profit after tax growth of 31.6% to $86.5 million. This strong result was driven by growth across all its business segment, not least its Wholesale segment which saw EBITDA rise 37.7% on the prior period. While management expects Bapcor’s earnings growth to moderate a touch in FY 2019, I feel that its shares are still great value for money at 24x full year earnings.

Corporate Travel Management Ltd (ASX: CTD)

Another share that could be worth considering is this leading corporate travel manager. Like Bapcor, Corporate Travel Management turned in a strong full year result in FY 2018. It achieved total transaction value growth of 19% to $4,958.3 million, revenue growth of 14% to $372.2 million, and underlying net profit after tax growth of 34% to $86 million. Pleasingly, 70% of its profit growth during the year was organic. I expect more of the same in FY 2019 and beyond thanks to its growing global footprint in a highly fragmented market.


Since earnings season this data centre operator’s shares have pulled back significantly. I believe this is a buying opportunity for patient investors and expect NEXTDC to profit greatly over the long term from the cloud computing boom. It seems I’m not the only one that thinks this is a buying opportunity. Last week a change of director’s interest notice revealed that non-executive director Sharon Warburton has seized on recent share price weakness to pick up 7,000 shares through an on-market trade. NEXTDC’s shares do still change hands on a sky-high earnings multiple, though, so it may be unsuitable for some investors despite the pullback.

Here's a fourth share that could be a great place to invest $10,000 as well.

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Motley Fool contributor James Mickleboro owns shares of NEXTDC Limited and Westpac Banking. The Motley Fool Australia owns shares of and has recommended Bapcor and Corporate Travel Management 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.

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