Many experts are tipping the cash rate to be taken lower by the Reserve Bank in the coming months, so if I had $10,000 sitting in a bank account I would consider putting it to work in the share market.
After all, with an average return of around 9% per annum over the last three decades, the potential returns on offer are significantly greater than anything you'll find in a savings account.
With that in mind, here are three top shares that I would consider investing that $10,000 into:
Appen Ltd (ASX: APX)
I think that this global leader in the development of high-quality, human-annotated training data for machine learning and artificial intelligence would be a great place to invest that $10,000. This is because a recent presentation by Appan revealed that it expects the artificial intelligence market to grow to be worth up to US$191 billion by 2025. With approximately 10% of this spending estimated to relate directly to Appen's services, I believe it is well-positioned to continue its meteoric growth for many years to come.
REA Group Limited (ASX: REA)
The housing market may be going through a downturn at the moment, but the resilience of the REA Group business model means this property listings company has still managed to achieve strong profit growth in FY 2019. When the housing market inevitably improves, I believe the company will be positioned perfectly to accelerate its earnings growth. This could make it worth considering as a buy and hold investment.
SEEK Limited (ASX: SEK)
I think this job listings giant could be another great option for that $10,000. As SEEK has been investing heavily in growth opportunities, its profit growth over the last 18 months has been a touch underwhelming. But I think investors ought to look beyond this short term weakness and focus on the long-term growth that these investments are expected to generate.
