3 Shares I’d Buy In Today’s ASX Pain

The ASX 200 (XJO) is expected to drop quite heavily today, so we’re likely to see a lot of red in our portfolios today.

But a fall in the share market can actually be an opportunity to buy small slices of good businesses at cheaper prices. It’s with that in mind that I’d buy more of these three for my portfolio:

ASX Shares I’d Buy In Today’s ASX Pain

Washington H. Soul Pattinson And Co. Ltd (ASX: SOL)

WHSP is an investment house that has been going for over 100 years with big stakes of diverse businesses such as Australian Pharmaceutical Industries Ltd (ASX: API), Brickworks Limited (ASX: BKW), TPG Telecom Ltd (ASX: TPM) and New Hope Corporation Limited (ASX: NHC).

The investment staff at WHSP have proven to be canny operators that know how to handle falling markets and can spot a good long term opportunities. WHSP has consistently outperformed the ASX, so I would be happy to top up my holdings at 52-week low prices.

Costa Group Holdings Ltd (ASX: CGC)

The leading horticultural business is also trading at around 52-week lows. It grows tomatoes, berries, citrus fruit, mushrooms and avocados – its produce seems to become more diversified every year.

Costa is facing shorter term issues with problems at some of its berry and citrus farms, which should be overcome this year. I like that the food business is growing in North Africa, Australia and China, so there’s plenty of growth opportunities.

A cyclical business can face issues in a single year, but it’s best to buy when the share price is low, so now could be an opportune time to buy.

Vanguard FTSE Asia ex Japan Shares Index ETF

The protests going on in Hong Kong and the trade war between the US and China have damaged the Asian share market, so it could be a good time to buy a few Asian shares.

Tencent, Baidu, Alibaba and so on may not be typical investment names we Aussie investors think of, but they’re powerful players in their respective industries. Asia is rising in terms of wealth and power, so I think it’s important to get some sort of exposure to Asia indirectly. I’ve chosen to do that through this low-cost Vanguard exchange-traded fund (ETF).

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Disclosure: Jaz owns shares of the Vanguard FTSE Asia ex Japan Shares Index ETF, Costa Group Holdings and Washington H. Soul Pattinson and Co. at the time of writing, but this could change at any time. 

Jaz Harrison

Jaz Harrison

Jaz is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.