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

With rates being tipped by some economists to remain on hold for all of next year, it looks as though the paltry interest rates on offer from savings accounts are here to stay.

In light of this, I would suggest that investors consider putting their money to work in the share market instead of holding it in savings accounts.

Here are three shares I would buy with $10,000 this week:

BHP Billiton Limited (ASX: BHP)

Investors interested in gaining exposure to the resources sector might want to consider the shares of this mining giant. Last month BHP delivered an outstanding full year result which revealed a 33% increase in underlying profit to US$8.9 million. The jump in profits allowed the company to declare a final dividend of 63 U.S. cents per share, bringing its full year dividend to a fully franked 118 U.S. cents per share. As long as a trade war doesn’t derail global growth, I expect BHP to continue growing its profits and dividend at a solid rate for some time to come.

Helloworld Travel Ltd (ASX: HLO)

Another strong performer in FY 2018 was this integrated travel company which I think would be a great option for growth investors. Helloworld posted an impressive 48.1% increase in full year profit after tax to $32 million last month. Pleasingly, management expects this strong form to continue in FY 2019 and has provided earnings growth guidance of up to 23%. Despite the strong result and its increasingly positive outlook, Helloworld’s shares still trade at under 20x full year earnings. I think this is great value for its current growth profile.

Westpac Banking Corp (ASX: WBC)

Investors interested in dividends might want to look at this banking giant’s shares if they don’t already have meaningful exposure to the sector. I think recent weakness in bank share prices has created a buying opportunity for income investors. Especially after many of the banks decided to lift their variable mortgage rates. I feel this has put Westpac in a position to grow its earnings and dividend in FY 2019 despite the tough trading conditions it is facing.

Alternatively, growth investors may want to check out this cheap growth share.

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Motley Fool contributor James Mickleboro owns shares of Westpac Banking. The Motley Fool Australia owns shares of Helloworld 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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