If you have $2,500 sitting in a savings account, I think now could be a good time to consider investing it into the share market.
This is because the share market has pulled back considerably over the last few weeks and has left a large number of shares trading at very attractive prices.
But which shares should you buy? Here are three shares that I would invest $2,500 into:
A2 Milk Company Ltd (ASX: A2M)
Thanks largely to the insatiable demand for its products in the Asian market, a2 Milk Company has been growing its sales and earnings at a very strong rate over the last few years. Pleasingly, this has continued in FY 2020. In the first half, a2 Milk Company delivered revenue of NZ$806.7 million and EBITDA of NZ$263.2 million. This was an increase of 31.6% and 20.5%, respectively, over the corresponding period. And with its market share still on the small side in China, I believe it has the potential to continue this strong form for many years to come.
Altium Limited (ASX: ALU)
Another good option for investor to consider is Altium. It is a printed circuit board (PCB) design software provider which I believe could be a great long term option. This is due to the Internet of Things (IoT) boom which is driving increasingly strong demand for its high quality Altium Designer software. Management appears confident that this is the case. It is targeting revenue of US$500 million and market dominance by FY 2025. This compares to expectations of revenue of ~US$205 million in FY 2020.
ResMed Inc. (ASX: RMD)
A final option to consider for that $2,500 is ResMed. I think this sleep treatment-focused medical device company is one of the highest quality companies on the Australian share market. It has been growing at a very strong rate over the last few years thanks to increasing demand for sleep treatment products. The good news is that I believe this positive form can continue for some time to come. This is due to the quality of its products and the proliferation of sleep apnoea globally.
