With the majority of economists predicting that the Reserve Bank will hold the cash rate at its record low for much of the year and some even speculating that a rate cut could be on the horizon, I would sooner invest in the share market than stick money in a savings account to gain a tiny amount of interest.
If I had $10,000 sitting in a savings account I would consider investing it in these three shares:
Aristocrat Leisure Limited (ASX: ALL)
Investors interested in growth shares could do a lot worse than this leading gaming technology company. While its core pokie machine business remains strong, the main attraction for me is its fast-growing digital business. Thanks to a series of acquisitions the company is becoming a major force in the lucrative social gaming market. I expect its increasingly popular portfolio of games will lead to further growth in average daily users and average revenue per user.
Dicker Data Ltd (ASX: DDR)
If you're looking for a source of income then the dividends on offer from this wholesale distributor of computer hardware and software would be a great option. While Nextdc Ltd (ASX: NXT) is an obvious winner from the rise of cloud computing, so too is Dicker Data. Cloud computing related sales have been growing strongly and should give its future earnings growth a real boost. At the current share price Dicker Data's shares provide a trailing fully franked 5.3% dividend.
Western Areas Ltd (ASX: WSA)
Investors that wish to gain exposure to the resources sector might want to consider this leading nickel producer. It isn't just lithium miners like Galaxy Resources Limited (ASX: GXY) that are set to win big from the electric vehicle boom, nickel producers are likely to benefit greatly too due to nickel's use in many lithium-ion batteries. Its use and the increasing demand it has caused has led to nickel prices surging higher in recent months.
