The share market is always changing and sometimes is quite volatile. Share prices change every day, which can create opportunities if you can invest at the right time.
Here are four growth shares I'd buy today if I had $4,000 to invest:
Challenger Ltd (ASX: CGF)
Challenger is the leading annuity provider for Australians, with an exciting future because the population of retirees is predicted to rapidly grow over the next decade.
The share price has declined since its annual report because it's going to raise capital, which should hopefully help long-term growth.
Challenger is trading at 19x FY18's estimated earnings.
BWX Limited (ASX: BWX)
BWX is behind natural beauty brand Sukin. It's experiencing large growth in sales in Australia and particularly overseas. It has great potential in the UK, Canada and the USA.
The annual result may have slightly disappointed the market but the share price has since recovered and could go on to grow nicely over the next year.
BWX is trading at 24x FY18's estimated earnings.
Greencross Limited (ASX: GXL)
Greencross is Australia's largest pet company with a leading position in the retail and veterinary clinic industries.
I think the pet industry is a good one to be invested in because it's like a mix of hospitals and supermarkets for our furry friends.
Greencross has a number of growth initiatives to boost earnings such as co-locating a vet inside a Petbarn.
Greencross is trading at 14x FY18's estimated earnings.
Crown is one of the best ways to benefit from the tourism boom in my opinion. Its Melbourne and Perth resorts are key destinations for both cities.
The Sydney Barangaroo project could be a big earnings booster in a few years once it's completed. The partially franked dividend yield of over 5% is also a tick for owning Crown.
Crown is currently trading at 21x FY18's estimated earnings.
Foolish takeaway
I think all four of these businesses are trading at more attractive value than they were a month ago. I think Challenger will be a big winner over the next decade, but BWX and Greencross will likely produce the best returns over the next two years.
