If you only have a modest amount of money to invest in the share market, I wouldn't let that put you off. This is because even an investment of $1,000 has the potential to grow materially over the long-term.
For example, typically the Australian share market provides investors with an average total return of ~9.5% per annum. That's even after factoring in market shocks like we are experiencing right now or the global financial crisis.
Based on the aforementioned return, if you invest $1,000 into the share market each year for 30 years, you could expect to have a portfolio worth $165,000 at the end of the period.
I believe this shows why investing even just a relatively small amount each year can still be a very rewarding experience.
With that in mind, here are three shares which I think would be great options for a $1,000 investment once the market volatility eases:
a2 Milk Company Ltd (ASX: A2M)
The first share to consider buying is this New Zealand-based fresh milk and infant formula company. It has been growing its earnings at an explosive rate over the last few years. I'm confident this strong form can continue for some time to come thanks to the increasing demand for its infant formula products in the massive China market.
Appen Ltd (ASX: APX)
Appen is one of my favourite options on the ASX. It is a leading developer of high-quality, human annotated datasets for the machine learning and artificial intelligence markets. Thanks to the strong growth of these markets, I expect demand for its services to continue to grow rapidly in the coming years and support strong earnings growth.
Nanosonics Ltd (ASX: NAN)
This infection control specialist is the company behind the industry-leading trophon EPR disinfection system for ultrasound probes. I expect this product and the impending launch of several new products to underpin solid earnings growth over the coming years. When the market settles, I think it would be worth taking advantage of the share market crash to pick up shares.
