Where to invest $10,000 into ASX shares
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If you are lucky enough to have $10,000 sitting in your savings account, I would suggest you consider putting it to work in the share market.
After all, the potential returns on offer are vastly superior to the interest rates most bank accounts offer right now.
But where should you invest these funds? My money would be on one of these high quality shares once the market volatility eases:
a2 Milk Company Ltd (ASX: A2M)
I think this infant formula and fresh milk company would be a great option for a $10,000 investment. I believe a2 Milk Company has the ability to continue its strong growth for a long time to come thanks to increasing demand for its infant formula products in China and the expansion of its fresh milk footprint in the United States. In addition to this, I like the company due to its extremely strong balance sheet, high levels of return on equity, and strong brand power in China. The latter should help the company when competition in the a2-only market increases.
Where to invest $10,000 into ASX sharesJames Mickleboro | March...
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Last
$6.68 |
Change
-0.020(0.30%) |
Mkt cap ! $4.829B | |||
| Open | High | Low | Value | Volume |
| $6.70 | $6.71 | $6.61 | $6.477M | 971.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 12782 | $6.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.69 | 15324 | 5 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |