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).
Any Other Opportunities?
The rapidly growing businesses in the free report below could also be good opportunities to consider today.
NEW SMALL CAPS INVESTING REPORT!
After searching through a market with over 2,000 shares, our lead expert investment analyst has narrowed it down to just 2 of his favourite rapid-growth shares in a FREE report to Rask Media readers.
Over the past five years, these two shares have gone from being 'tiny caps' to being serious contenders for the ASX 300.
Idea #1 is taking on the world with an online marketplace capable of generating serious free cash flow. This company's addressable opportunity is multiples of its current valuation.
Idea #2 is a technology business with super-sticky revenue and mission critical software. With operations around the globe, this growth stock has many years of potential.
Access the free report by clicking here now. Absolutely no credit card or payment details required.
Disclaimer: Any information contained in this article is limited to general financial/investment advice only. The information has not taken into account your specific needs, goals or objectives, so please consider consulting a licenced and trusted adviser before acting on the information. Please read The Rask Group’s Financial Services Guide (FSG) for more information. This article is authorised by Owen Raszkiewicz of The Rask Group, which is a corporate authorised representative No. 1264179 of Strawman Pty Ltd (ACN: 610 908 211) (AFSL: 501 223).
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.