If you're lucky enough to have a spare $10,000 sitting in your bank account and have no immediate plans for it, I would suggest you put it to work in the share market.
After all, the potential returns on offer from the share market are vastly superior to anything you'll get from a savings account right now.
But where should you invest these funds? I think the following two ASX shares could provide strong returns for investors over the next few years:
a2 Milk Company Ltd (ASX: A2M)
a2 Milk Company is a fast-growing infant formula and fresh milk company. Although it has been growing at an explosive rate over the last few years, I believe there is still a lot left in its tank. Especially given its massive market opportunity in China and the growing footprint of its fresh milk.
In respect to China, at the end of FY 2019 a2 Milk Company had an estimated market share of just 6.4%. I believe this demonstrates just how much of a runway for growth the company has in this key market. However, with its half year results due to be released next week, it may be prudent to wait for that release before investing.
Audinate Group Limited (ASX: AD8)
Audinate is a digital audio-visual networking technologies provider which I believe has significant potential. The key product in its arsenal is its increasingly popular Dante solution. This award-winning audio over IP networking solution distributes digital audio and video signals over computer networks rather than through traditional analogue cables.
This is a significantly more efficient way of doing things and has proven very popular with end users, leading to explosive sales growth in recent years. The good news is that the company is still only scratching at the surface of its massive market opportunity. In light of this, I remain confident it can continue to grow at a similarly strong rate for many years to come. But as with a2 Milk Company, it may be best to wait for the dust to settle on its half year results before investing.
