Rather than leaving money to gather dust in a savings account, I think now would be a great time to put it to work in the shares market.
After all, with an average return of around 9% per annum over the last three decades, the potential returns on offer are significantly greater than anything you'll find in a savings account.
With that in mind, here are three top shares that I would consider investing $10,000 into:
Accent Group Ltd (ASX: AX1)
I think Accent Group would be a great option for investors on the lookout for shares that offer both growth and income. It is the footwear-focused retail group behind retail brands including Athlete's Foot, HYPE DC, and Platypus. In addition to this, Accent owns exclusive license agreements for a number of popular footwear brands. In the first half of FY 2019 the company delivered a 27.3% increase in net profit after tax to $32.2 million. Further growth is expected in the second half, putting Accent in a position to lift its dividend once again. At present its shares offer a trailing fully franked ~5.8% dividend yield.
ResMed Inc. (ASX: RMD)
Another share to consider investing that $10,000 into is this leading developer of sleep treatment products. I'm a big fan of the company due to its industry-leading products and its large market opportunity. Management estimates that there are 1 billion people impacted by sleep apnoea worldwide, but the vast majority of these people are undiagnosed and potentially at risk of life-threatening conditions. If a greater proportion of these people are diagnosed over the coming years, then sales of its products could increase materially and drive strong profit growth.
SEEK Limited (ASX: SEK)
A third and final share to consider investing that money into is this job listings company. Due to its core ANZ business, growing international operations, and its heavy investment in future growth opportunities, I feel SEEK is well-placed to continue growing its earnings at an above-average rate over the long term. This could lead to the company's shares generating strong returns for its shareholders over the next decade.
