The Motley Fool

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

Earlier this week the Reserve Bank of Australia held the cash rate at 1.5% for yet another month.

Although the central bank did make favourable revisions to economic growth and unemployment figures, the general consensus is that rates will not be lifted for some time to come.

This could mean it is several years until rates are back to normal levels again.

With this in mind, if I had $10,000 sitting in a bank account I would consider putting it to work in the share market.

Aristocrat Leisure Limited (ASX: ALL)

I think that Aristocrat Leisure is one of the best value growth shares on the Australian share market right now. A recent note out of Goldman Sachs estimates that the gaming technology company will report earnings per share of $1.19 late this month when its FY 2018 results are released. After which, the broker has forecast earnings per share rising to $1.50 in FY 2019 and $1.73 in FY 2020. This means that its shares are changing hands at just 18x FY 2019 earnings despite its impressive long-term growth prospects.

National Storage REIT (ASX: NSR)

Investors that are interested in earning income might want to consider National Storage. At present the self-storage giant’s units offer a trailing 5.5% yield. This yield would generate income of approximately $550 from a $10,000 investment. Pleasingly, I believe its expansion plans and growing demand for its services means that it is well-positioned to grow its distribution over the coming years.

ResMed Inc. (ASX: RMD)

I think that this medical device company is one of the best buy and hold options on the Australian share market. Thanks to its exposure to the growing sleep treatment market and its investments in software-as-a-service businesses, I believe it is capable of continuing its strong growth for a number of years. ResMed recently released its first quarter results for FY 2019. This release revealed that the company posted a 12% increase in revenue to US$588.3 million and a 23% jump in net profit to US$105.7 million during the quarter.

If you have a little leftover to invest then I would suggest you take a look at these mid cap growth stars that have been tipped as potential market-beaters in 2019.

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2019

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Atlassian.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended National Storage REIT and ResMed Inc. 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.

NEW. Five Cheap and Good Stocks to Buy in 2019…

Our Motley Fool experts have just released a brand new FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.8% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.