Recent economic data has led to some economists speculating that the Reserve Bank of Australia's next move might not be to take rates higher but to take them lower again.
If this proves to be the case then I think it will be many years before we see rates at "normal" levels.
In light of this, if I had $10,000 sitting in a savings account, I would consider putting it to work in the share market.
Here are three ASX shares I think investors ought to buy with these funds:
Bellamy's Australia Ltd (ASX: BAL)
If you're prepared to be patient then I think this organic infant formula and baby food company could be a great place to put that $10,000. Although FY 2019 is expected to be a transitional year with limited growth, management has positioned the company for strong growth over the medium term. So much so, it expects to achieve $500 million in sales by the end of FY 2021. This will be an increase of 52% on last year's result. As long as the company receives its SAMR accreditation to sell its products in China, I expect it to deliver on its targets.
Dicker Data Ltd (ASX: DDR)
Investors that are on the lookout for a source of income might want to consider Dicker Data. I'm a big fan of this growing computer software and hardware wholesale distributor and believe it is a great option for income investors. Not only does it have solid growth prospects and trade at a fair price, it has a generous dividend which is paid in quarterly instalments. This year the Dicker Data board intends to increase its dividend to 18 cents per share, equating to a fully franked yield of 6.3%.
Webjet Limited (ASX: WEB)
I think that Webjet could be a great mix of growth and income for investors to consider. Due to a sharp pullback in its share price over the last few months, the online travel agent's shares currently offer a 2.1% fully franked yield. While this is not the biggest yield on the ASX, I believe its dividend could grow strongly over the next few years in line with its earnings. This year Webjet expects to deliver underlying EBITDA of at least $110 million from its existing operations, which will be a year on year increase of approximately 26% and doesn't include the contribution from its recent Destinations of the World acquisition.