With interest rates at rock bottom levels and increasingly likely to go lower, if I had $10,000 sitting in a bank account I would consider putting these funds to work in the share market.
Three top shares that I think would be great options for the funds are listed below. Here's why I think they could provide strong returns for investors over the long term:
Bravura Solutions Ltd (ASX: BVS)
This leading provider of software and services to the wealth management and funds administration industries has seen its shares come under significant pressure over the last couple of months due to the failed takeover approach for GBST Holdings Limited (ASX: GBT). Whilst this share price decline is disappointing for shareholders, I think it is a buying opportunity for non-shareholders. At present Bravura Solutions' shares are changing hands at ~30x estimated full year earnings, which I think is good value considering the solid growth prospects of its Sonata wealth management platform.
Cochlear Limited (ASX: COH)
I think that Cochlear would be a good place to invest the $10,000. Cochlear is a global developer, manufacturer, and distributor of cochlear implantable devices for the hearing impaired. Due to its wide distribution network, I believe Cochlear is well-placed to benefit from ageing populations across the world. This is because as people age, their hearing will more often than not fade and require some form of assistance. So with the World Health Organization estimating that there will be almost three times more people over the age of 65 by 2050 than there were in 2010, the long term outlook for Cochlear looks very positive.
WiseTech Global Ltd (ASX: WTC)
WiseTech Global is a fast-growing logistics solutions company which I think has enormous potential thanks to its popular CargoWise One platform. CargoWise One is a single-platform software solution used by 12,000 logistics organisations across 130 countries. Amongst its customers are 38 of the top 50 global third-party logistics providers and all the 25 largest global freight forwarders. Given how the CargoWise One platform has become an integral part of the the global supply chain, I believe it is well-placed to grow its top and bottom lines at a strong rate for many years to come.
