Where I would invest $20,000 in the share market

With the cash rate at a record low and unlikely to be lifted any time soon, I believe the Australian share market is a great place to put any spare funds that are gathering dust in a high interest savings account.

If you’re lucky enough to have $20,000 available to invest, this is where I would put these funds:

Aristocrat Leisure Limited (ASX: ALL)

At approximately 19x estimated FY 2019 earnings, I don’t believe there is a growth share on the local market that offers a more compelling risk/reward right now than this gaming technology company. Thanks to its market-leading core pokie machine business and fast-growing digital business, I believe Aristocrat Leisure is capable of growing its earnings at an above-average rate for some time to come.

Corporate Travel Management Ltd (ASX: CTD)

Another growth share that I think is worth considering is Corporate Travel Management. I thought the corporate travel specialist posted one of the strongest full year results in August when it reported a 14% lift in revenue to $372.2 million and a 34% increase in underlying net profit after tax to $86 million. Pleasingly, I feel confident that this strong form can continue in FY 2019 and beyond due to recent acquisitions and the sizeable opportunities it has to meaningfully grow its share of several markets.

Rural Funds Group (ASX: RFF)

Investors in search of income might want to consider this real estate investment trust. As its name implies, Rural Funds has a focus on agricultural assets. It has a diverse and quality portfolio comprising 44 properties across six different agricultural sectors including cattle, wine, and cotton production. The properties have a weighted average lease expiry of 12.3 years, providing income stability and long-term rental growth via a mix of indexation mechanisms. This year management plans to pay a distribution of 10.43 cents per unit, equating to a forward yield of 4.8%. Based on this yield, a $20,000 investment would result in a pay check of $960 this year.

Finally, here's a bonus pick to consider investing that $20,000 into. Its shares have recently been given a buy rating.

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 and has recommended Corporate Travel Management Limited and RURALFUNDS STAPLED. 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.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…


The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!