The Reserve Bank of Australia may have held firm with rates this month, but I suspect it won't be long until rates go lower again.
In light of this, if I had $10,000 sitting in a bank account I would consider putting it to work in the share market.
Three shares that I would consider investing these funds into are listed below:
REA Group Limited (ASX: REA)
Earlier today this property listings company released its third quarter update and once again demonstrated the resilience of its business model. Although the company experienced a notable decline in listings in Sydney and Melbourne, it still posted a 7% increase in third quarter revenue to $198.6 million and a 6% lift in EBITDA to $110.7 million. The drivers of this growth were increased demand for premium advertising products and the benefits of the recently acquired Hometrack business. When conditions in the housing market inevitably improve, I expect REA Group's growth to accelerate materially. This could make it a great buy and hold option.
SEEK Limited (ASX: SEK)
Another company which I think could be a good option for a $10,000 investment is SEEK. Although the job listings company is on course to deliver a soft profit result in FY 2019 due to its heavy investment in future growth opportunities, I think investors need to focus on its revenue, which management expects to grow 16% to 20% in FY 2019. Once this investment phase is over, I believe SEEK will be well positioned to grow earnings at an above-average rate for many years to come. In fact, management is aiming to double the size of the business over the next five years.
Webjet Limited (ASX: WEB)
Last but not least is this online travel agent. If you had invested $10,000 into the company's shares 10 years ago, that investment would now be worth a staggering $133,000 today. Whilst I wouldn't necessarily expect the same level of return over the next decade, I believe the growing popularity of its booking platforms, sizeable market opportunity, and the shift to online booking means it has the potential to provide market beating returns once again.
