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

The most recent Westpac Banking Corp (ASX: WBC) Weekly economic report reveals that the banking giant’s economists still believe that the Reserve Bank of Australia will keep the cash rate on hold at 1.5% until at least January 2021.

That’s not a typo, that’s another two and a quarter years that the bank expects rates to be at this record low.

And considering how gradual the central bank’s rate rises are likely to be when they do eventually come, it could be upwards of five years until we see rates at “normal” levels.

In light of this, I continue to believe that it would be better to skip savings accounts and put your money to work in the share market instead.

If I had $10,000 sitting in a bank account I would consider investing it in one of these three shares:

Appen Ltd (ASX: APX)

Appen is a leading developer of high-quality, human annotated datasets for machine learning and artificial intelligence. While its shares are certainly on the expensive side, I believe that patient investors could still do very well from a long-term investment if the company continues to grow along with the machine learning and AI markets. Both are predicted to grow at an explosive rate over the next decade.

Bravura Solutions Ltd (ASX: BVS)

Bravura Solutions is a fast-growing provider of software solutions for the wealth management, life insurance, and funds administration industries. Its key product is the increasingly popular Sonata wealth management platform. In FY 2018 Sonata revenue increased 32% to $122.5 million, meaning it now contributes 55% of total revenue. Due to the quality of the product and the significant addressable market, I expect this strong growth could continue for some time to come.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

I think that this pizza chain operator could be a great buy and hold option for investors due to its ambitious but achievable growth plans. Management intends to almost double its store network over the next seven years in the existing territories that it operates in. I believe that if it delivers on this and can lift its margins by leveraging technology then it will lead to strong earnings growth over the next few years.

Don't miss this top share that has just been rated as a buy. It could be another great idea for that $10,000.

Top Australian Stock Picker Just Issued Rare “Double Down” Buy Alert

Discover why this legendary Australian stock-picker just issued a “Double Down” buy alert to his exclusive group of insiders… and why he’s convinced this might be the single most attractive entry point for years to come.

Simply click here to get started and access our secure sign-up page.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Appen Ltd and Bravura Solutions Ltd. The Motley Fool Australia has recommended Domino's Pizza Enterprises 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.