Interest rates are at record lows and potentially still going lower in the coming months.
In light of this, I continue to believe that investors would be better off putting any excess funds into the share market rather than leaving them to gather only paltry interest in a savings account.
But where should you invest these funds? Here are three top shares I would invest $5,000 into in February:
Altium Limited (ASX: ALU)
Altium is a leading provider of printed circuit board (PCB) design software globally. Thanks to increasing demand for its Altium Designer platform due to the Internet of Things (IoT) boom, Altium has been growing its bottom line at a rapid rate. The good news is that the IoT market is still growing very strongly. In fact, Statista estimates that it will grow from 23 billion devices in 2018 to 75 billion devices in 2025. I expect this to lead to strong profit and dividend growth over the next decade.
Coles Group Ltd (ASX: COL)
I think this supermarket operator could be a good option for investors. Although its shares have been on fire over the last 12 months, I still think they are good value for a long-term investment. This is due to its solid growth prospects and attractive dividend policy. In respect to the former, I feel the company's focus on cost cutting through automation and efficiencies will support solid earnings growth over the next decade.
Pushpay Holdings Group Ltd (ASX: PPH)
A final option to consider for that $5,000 is Pushpay. It is a donor management platform provider for the faith, not-for-profit, and education sectors. The fast-growing company has carved out a big slice of the massive U.S. market in recent years and appears well-placed to make further market share gains over the next decade. Especially after its US$87.5 million acquisition of church management system provider Church Community Builder. This acquisition has strengthened its offering significantly and positioned it perfectly for growth.
