3 ASX shares to buy with $10,000

On Tuesday the Reserve Bank of Australia left the cash rate on hold at 1.5% for the 28th month in a row.

I believe there’s a good chance that this will remain the case for at least the entirety of 2019, but also for much of 2020.

In light of this, if I had $10,000 sitting in a low interest savings account I would consider putting it to work in the share market instead.

Here are 3 ASX shares to buy with $10,000:

Appen Ltd (ASX: APX)

Appen is a global leader in the development of high-quality, human annotated datasets for machine learning and artificial intelligence. Both these markets are expected to grow at a strong rate over the next decade, which I believe could lead to increasing demand for Appen’s services. Demand certainly has been strong this year. So much so, last month it upgraded its guidance for underlying EBITDA for the 12 months ending December 31 to be in the range of $62 million to $65 million. This will be a 120% to 131% increase on FY 2017’s result.

ResMed Inc. (ASX: RMD)

One of my favourite shares in the healthcare sector would have to be this medical device company which has a focus on a growing sleep treatment market. Strong demand for its industry leading products has led to ResMed consistently delivering solid profit growth over the last few years. This has continued to be the case so far in FY 2019, with ResMed recently posting a 23% increase in net income in the first quarter.

Super Retail Group Ltd (ASX: SUL)

Investors looking for shares that offer a mixture of value and income might want to consider Super Retail. While there are concerns that falling house prices could have a negative impact on consumer spending, so far this hasn’t been the case for this retail group. Super Retail recently advised that its Rebel, Super Cheap Auto, and Macpac brands have all delivered solid same store sales growth so far in FY 2019. So with its shares trading at just 10x earnings and offering a trailing fully franked 6.6% dividend, Super Retail could be a good option for that $10,000.

Top 3 ASX Blue Chips To Buy For 2019

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked…

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of The Motley Fool’s Top 3 Blue Chip Stocks for 2019.

Each one pays a fully franked dividend. The names of these Top 3 ASX Blue Chips are included in a specially prepared FREE report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies moves – we may be forced to remove this report.

See the 3 blue chip stocks

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Appen Ltd and Super Retail Group Limited. The Motley Fool Australia has recommended 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.

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.