If you have $2,000 sitting in a savings account, I would suggest you consider investing it into the share market.
After all, the potential returns on offer are vastly superior to the extremely low interest rates of 0.05% provided with savings accounts right now.
But where should you invest these funds? Here are two ASX shares that I would invest $2,000 into:
Afterpay Ltd (ASX: APT)
I think this payments giant could be a great option for that $2,000 investment. Although its shares have been on fire this year, I don't believe it is too late to invest if you're planning to make a long term investment in the company. This is because I feel confident the buy now pay later provider is well-positioned to become a payments giant thanks to the growing popularity of its platform with consumers and merchants and its global expansion opportunity.
In respect to the latter, Afterpay is launching into Canada shortly. After which, I suspect mainland Europe will be targeted and maybe even the Chinese market in the future. Especially after WeChat owner Tencent Holdings became a substantial holder a few months ago.
Nanosonics Ltd (ASX: NAN)
Another option for investors to consider investing $2,000 into is this infection prevention specialist. It is the company behind the industry-leading trophon EPR disinfection system for ultrasound probes. Although FY 2020 might underwhelm because of the pandemic, I expect this product and the growing recurring revenues it generates to underpin solid earnings growth during the 2020s.
This should be supported by the upcoming launch of several new products which are targeting unmet needs. Not a lot is known about these secretive products. However, the first one is understood to have a market opportunity of a similar size to the trophon EPR product. Given that this effectively doubles its total addressable market, if it is a success then Nanosonics' growth could be given a significant boost.
