With many savings accounts offering interest rates of just 1% per annum, if I had $10,000 in an account I would consider putting it to work in the share market.
After all, if you invest wisely, you could generate a return ten times that with shares.
But where should you invest $10,000 right now? Two top shares to consider are listed below:
Bigtincan Holdings Ltd (ASX: BTH)
I think Bigtincan could be a good option for investors. It is a provider of enterprise mobility software. The key product in its portfolio is the Bigtincan Hub. It increases the success of sales and service teams by helping them improve training, meeting preparation, customer engagement, and collaboration with peers. This results in short sales cycles, higher win rates, increased customer satisfaction and loyalty, and, most importantly, improved business results.
The company has been growing at a very strong rate and appears well-positioned to continue this trend for the foreseeable future. Especially after its recent $40 million capital raising. The proceeds will be used to accelerate key strategic priorities, take advantage of market tailwinds, and for potential acquisitions.
SEEK Limited (ASX: SEK)
Another option for a $10,000 investment could be this job listings company. Times are certainly hard for SEEK right now because of the pandemic. Last month the company released a trading update which revealed that listing volumes were down materially. This led to SEEK’s billings for the ANZ and Asia market for the week ended March 29 falling 60% on the prior corresponding period.
And while its listing volumes are likely to remain subdued until the crisis passes, I’m confident they will recover strongly in 2021. Combined with its rapidly growing China business, this should put the company back on a path to achieving its aspirational revenue target later this decade. SEEK has been targeting revenue of $5 billion by 2025, up from $1,537.3 million in FY 2019. I suspect the pandemic may mean it has to push back this target by a year or two, but I believe it will get there. This could make it a great option for patient long term investors.
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Motley Fool contributor James Mickleboro owns shares of SEEK Limited. The Motley Fool Australia owns shares of and has recommended BIGTINCAN FPO. The Motley Fool Australia has recommended SEEK Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.