This ASX growth share could be a winner for the absolute beginner investor

You’ve put yourself in charge of managing your own share market investments and your first steps can be daunting. Armed with a ton of research, cash to get you started and dreams of a golden retirement (okay, early retirement) you’re ready to set sail and build your first portfolio.

Your instincts might tell you to first invest large in the banking and resources sectors. There’s a lot of good reasons to do that and you’ll find plenty of my fellow Fools with some top shelf suggestions, but why not leave a little room and diversify straight out of the gate?

Let’s talk about Cochlear Limited (ASX: COH)

Cochlear, the great success story built on Aussie brain power that has become the world leader in bionic hearing implants. Spend a few minutes on YouTube watching kids hearing for the first time after receiving an implant and I’ll guarantee there’s not a dry eye in the house.  Growing from strength to strength since 1981, Cochlear is much more than a great story, it’s a great investment.

Prior to its December 2018 statement, annual growth was rocking along at double-digit rates, 20% on average for the past 5 years, with a lower forecast of 6% for this coming year. Well, may you raise an eyebrow but honestly, with many betting on the Reserve Bank lowering interest rates again this year, I challenge you to find me a term deposit at 6%. The consensus among analysts leans towards that rate being closer to 8% by 2022. Remember, this is one is for the long haul.

I draw my optimism from the demographic tsunami

Read more at: https://au.finance.yahoo.com/news/asx-growth-share-could-winner-055610607.html