Where to invest $10,000 in the share market

Aristocrat Leisure Limited (ASX:ALL) shares are one of three that I would invest $10,000 into this week…

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Recent economic data has led to most economists predicting that the Reserve Bank will keep the cash rate on hold in 2019.

In light of this, I believe savers would be best putting their money to work in the share market, especially after the recent pullback.

If I had $10,000 to invest I would consider buying one of these three ASX shares:

Accent Group Ltd (ASX: AX1)

Investors that are interested in dividends might want to consider this footwear retailer. Accent Group recently provided a trading update which revealed that it is on course to deliver another solid result in FY 2019. Management advised that the first 20 weeks of the financial year have been "materially stronger" than expected, leading to guidance for a 15% to 20% increase in first half EBITDA. I feel this is likely to put Accent in a great position to grow its dividend which currently provides investors with a trailing fully franked 5.1% yield.

Appen Ltd (ASX: APX)

Growth investors might want to consider this global leader in the development of high-quality, human annotated datasets for machine learning and artificial intelligence. Due to the selloff on Wall Street's Nasdaq index overnight, I suspect that Appen's shares will come under pressure on Tuesday. This could make it worth buying the dip with a long-term view. After all, with demand for its services expected to get stronger in the coming years due to the explosive growth off machine learning and AI markets, it looks well-positioned to continue its strong earnings growth for many years to come.

Aristocrat Leisure Limited (ASX: ALL)

I think that Aristocrat Leisure could be a good option for investors looking for growth at a reasonable price. At 19x estimated forward earnings, I think this gaming technology company's shares are great value given its strong long-term growth potential. As well as having a core poker machine business that is winning market share and generating sizeable profits, Aristocrat Leisure has a digital segment which has been growing at an impressive rate. The good news for the latter business is that the social and digital gaming market is expected to grow at a very strong rate over the next decade, giving the company a long runway for growth.

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