If you are lucky enough to have $10,000 sitting in your savings account, I would suggest you consider putting it to work in the share market.
After all, the potential returns on offer are vastly superior to the interest rates most bank accounts offer right now.
But where should you invest these funds? My money would be on one of these high quality shares once the market volatility eases:
a2 Milk Company Ltd (ASX: A2M)
I think this infant formula and fresh milk company would be a great option for a $10,000 investment. I believe a2 Milk Company has the ability to continue its strong growth for a long time to come thanks to increasing demand for its infant formula products in China and the expansion of its fresh milk footprint in the United States. In addition to this, I like the company due to its extremely strong balance sheet, high levels of return on equity, and strong brand power in China. The latter should help the company when competition in the a2-only market increases.
Appen Ltd (ASX: APX)
Appen is the global leader in the development of high-quality, human annotated datasets for machine learning and artificial intelligence. It has a crowd-sourced team of 1 million skilled contractors powering the industry's most advanced AI-assisted data annotation platform. Thanks to the increasing importance of AI and machine learning for businesses, it has experienced a significant increase in demand for its services. Pleasingly, spending on machine learning and artificial intelligence is expected to continue growing significantly over the next decade. I feel this bodes very well for its future growth.
Bravura Solutions Ltd (ASX: BVS)
Finally, I think this provider of software products and services to the wealth management and funds administration industries would be a good option for a $10,000 investment. I think Bravura Solutions has the potential to grow materially over the next decade thanks to the sizeable market opportunity of its hugely popular Sonata wealth management platform. This should be supported by the recent acquisitions the company has made. These have opened the door to new and lucrative markets.
