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Where I would invest $10,000 into the share market after today’s meltdown

On Monday the latest economic report out of Westpac Banking Corp (ASX: WBC) revealed that it continues to expect the Reserve Bank of Australia to keep rates on hold at 1.5% until at least December 2020. If this forecast proves accurate it could be many years before we see rates at “normal” levels again.

In light of this, I believe the Australian share market remains a great place to put your money. Especially after today’s selloff pulled back a number of shares to even more attractive levels.

Three shares that I would consider investing $10,000 into are as follows:

Appen Ltd (ASX: APX)

While the tech sector is a risky place to invest right now, I think one share that offers a compelling risk/reward is Appen. It is a global leader in the development of high-quality, human annotated datasets for machine learning and artificial intelligence and counts the likes of Facebook and Microsoft amongst its client list. Given that today’s selloff means Appen’s shares are currently trading at under 28x estimated FY 2019 earnings, I think they are well worth considering.

Helloworld Travel Ltd (ASX: HLO)

Helloworld is an integrated travel company which I think could be a great investment option due to the inbound and outbound tourism boom that Australia continues to experience. While there are a lot of options in the travel industry to choose from, at just 20x earnings I think Helloworld is the best value in the group. Especially given the fact that management expects earnings growth in the range of 16.5% and 23% this year.

Super Retail Group Ltd (ASX: SUL)

Although the retail sector is out of favour with investors right now, I think Super Retail shares are worth considering due to the winning combination of value and income that they offer. At present the retail group’s shares are priced at just 10x earnings and offer a trailing fully franked 6.4% dividend. In addition to this, the company recently revealed that all its brands have delivered solid same stores sales growth so far in FY 2019.

And here are three blue chip stars that I would consider sinking another $10,000 into.

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Motley Fool contributor James Mickleboro owns shares of Westpac Banking. The Motley Fool Australia owns shares of Appen Ltd, Helloworld Limited, and Super Retail Group 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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