3 of the best ASX shares to buy with $3,000 right now

I think CSL Limited (ASX:CSL) and these ASX shares would be great options for a $3,000 investment in the share market right now. Here's why…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

If you have $3,000 to invest into the share market, then I think it could be worth splitting these funds evenly across the three ASX shares listed below.

Here's why I think they would be great options right now:

Aristocrat Leisure Limited (ASX: ALL)

The first option to consider investing some of these funds into is Aristocrat Leisure. It is one of the world's leading gaming technology companies with a portfolio of world class poker machine and digital games. While the closure of casinos during the pandemic has been a blow, this short term headwind appears to be easing now restrictions are lifting. In the meantime, the lockdowns that have closed casinos have given its digital business a major boost. Overall, I believe Aristocrat Leisure is well-positioned to bounce back very strongly in FY 2021 and then accelerate its growth thereafter.

CSL Limited (ASX: CSL)

This biotherapeutics giant's shares are more often than not trading within sight of their 52-week high. However, due to its recent share price weakness, the company's shares are currently trading over 17% lower than their high. I believe this is a rare opportunity to buy this high quality company's shares at a discount. Which, given its strong long term growth potential, could make this a very smart move for investors.

Pushpay Holdings Group Ltd (ASX: PPH)

A final option to consider investing these funds into is Pushpay. I believe the donor management platform provider is one of the best growth shares on the Australian share market. This is thanks to its increasingly popular software and the sizeable opportunity it has in the medium to large church market. Pushpay recently revealed that it is aiming to win a 50% share of this market over the long term. This represents a US$1 billion revenue opportunity for the company, which is many multiples its current revenue.

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. The Motley Fool Australia owns shares of and has recommended PUSHPAY FPO NZX. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on ⏸️ ASX Shares

a woman wearing a close-sitting hat featuring wires and thick computer screen glasses clutches her computer monitor and looks shocked and disturbed as she reads old-fashioned computer text from the screen.
Technology Shares

Here's why ASX 200 tech shares (ASX:XTX) outperformed today

ASX tech shares have taken a turn for the better today.

Read more »

Worker in hard hat looks puzzled with one hand on chin
Resources Shares

Why did the Rio Tinto share price (ASX:RIO) have such a lousy 2021?

We look at what happened to this ASX 200 mining giant's shares last year

Read more »

a miner wearing a hard hat smiles as he stands in front of heavy earth moving equipment on a barren mine site.
Share Gainers

Here's why the Rumble Resources (ASX:RTR) share price is climbing 5%

The mineral explorer's share price is on the rise amid promising drill results.

Read more »

share price high, all time record, record share price, highest, price rise, increase, up,
⏸️ ASX Shares

Here are the top 10 ASX 200 shares on Wednesday

Here are your top 10 biggest gainers in the ASX 200 on Wednesday.

Read more »

comical investor reading documents and surrounded by calculators
⏸️ ASX Shares

The ASX reporting wrap-up: WiseTech, Bravura, Seven Group

Just what the investor ordered. Here’s a recap of the companies that reported on Wednesday...

Read more »

Doctor performing an ultrasound on pregnant woman
⏸️ ASX Shares

The ASX reporting wrap-up: Ansell, Kogan, Nanosonics

Just what the investor ordered. Here’s a recap of the companies that reported on Tuesday...

Read more »

blue arrows representing a rising share price ASX 200
⏸️ ASX Shares

Here are the top 10 ASX 200 shares on Tuesday

Here are your top 10 biggest gainers in the ASX 200 on Tuesday.

Read more »

unhappy investor considering computer screen
Share Market News

The ASX reporting wrap-up: Charter Hall, Ampol, NIB Holdings

Just what the investor ordered. Here’s a recap of the companies that reported on Monday...

Read more »