Given the markets had a very shaky start to the (short) week yesterday, I think it might just be a good time to deploy any extra capital you have lying around into ASX shares. After all, cash isn't getting too much bang for its buck these days just sitting in a bank account or term deposit. Although the share market can be volatile, it offers a real chance for your money to work for you and grow and compound over time.
So saying that, here are 2 ASX shares I would consider investing in today with $10,000.
Treasury Wine Estates Ltd (ASX: TWE)
Treasury Wine shareholders have had a very nasty shock today. The company reported earnings that didn't really measure up to investors expectations with a 5–10% guidance for FY20, compared to the 15–20% range it had previously flagged. Treasury Wine shares are down nearly 25% today to $12.62 at the time of writing – a 3-year low.
This is exactly the kind of move that could prove to be a lucrative buying opportunity. Yes, the company is experiencing difficulties in the US markets (which are mainly responsible for the earnings write down). But I think the long-term growth prospects for the high quality Aussie wines that Treasury sells remain intact – especially in the Chinese market. Therefore, I would strongly consider Treasury Wine as a buy today.
Telstra Corporation Ltd (ASX: TLS)
Perhaps a more conservative choice, I think Telstra is also a good share to spend $10,000 on today. The Telstra share price has had a pretty good year so far – rising from around $3.54 on New Year's Eve to today's share price (at the time of writing) of $3.86 (a 9% swing).
Still, I think there might be plenty of petrol left in the Telstra tank. The company is investing heavily in rolling out its new ultra-fast 5G network, which I think will eventually result in Telstra being the market leader. In the meantime, there's always Telstra's hefty dividend to keep you company, which on current prices offers a yield of 4.12% (including special nbn dividends). Thus, I think Telstra shares offer both potential capital growth and dividend income for investors today, which is hardly a bad thing to have in an investment.
Foolish takeaway
If I were to spend $10,000 on ASX shares today, these 2 Aussie stalwarts would be at the top of my list. Both have robust growth plans for the future and I think their respective investors won't be let down on today's share prices.
