If you're lucky enough to have $10,000 sitting in a savings account, then now could be an opportune time to invest it.
After all, the market is still down significantly from its highs and interest rates are at historical lows and unlikely to improve any time soon.
Furthermore, with a potential treatment for the coronavirus showing positive signs, the market could rebound strongly in the not so distant future.
With that in mind, here are three ASX shares that I believe would be worth considering as investments:
Afterpay Ltd (ASX: APT)
The first option for investors to consider is Afterpay. I'm a big fan of the company and have been very impressed at the way it is disrupting the payments industry. Credit cards are becoming increasing unpopular with younger demographics and this appears to be reflected in the rapid adoption of buy now pay later platforms. The Afterpay platform, for example, in a relatively short space of time has seen its active customer numbers grow to a whopping 8.4 million. And more than half of these customers are in the United States where its product continues to resonate with consumers and retailers. While I'm sure the company will have its share of ups and downs in the coming years, I believe the long term trajectory for its sales and its share price is upwards.
Jumbo Interactive (ASX: JIN)
Another option for investors to consider is Jumbo Interactive. It is an online lottery ticket seller and the operator of the ozlotteries.com website. Over the last few years it has been growing its bottom line at an exceptionally strong rate. And while this has come to an end in FY 2020, it is due to the company's investment in growth opportunities. These have caused its margins to contract temporarily. In light of this, I think investors should take advantage of the recent weakness in its share price. After all, if the company achieves its target of $1 billion in ticket sales through the Jumbo platform by FY 2022 (this is triple what it achieved in FY 2019), then in two years its shares are likely to be materially higher than where they trade today.
Ramsay Health Care Limited (ASX: RHC)
Another option for a $10,000 investment is Ramsay Health Care. Times have been hard for the global private hospital operator's 480 facilities over the last couple of years. And the coronavirus pandemic certainly is making things any easier. However, its shares appear to have now priced in this short term headwind. As a result, I think it well worth focusing on its long term outlook, which remains very positive thanks to its world class global network. This could make Ramsay a quality option for patient long term-focused investors.
