I am planning to invest in ASX shares next week and jump on the lower prices despite the uncertainty.
Everything that is going on in Ukraine with the invasion by Russia is horrible. I wish there was something I could say for the people of Ukraine that would have enough weight and meaning.
However, if we put blinkers on and purely focus on looking at the ASX share market, there are plenty of businesses that are sitting at lower prices.
I’m planning to invest next week
It is not often that share prices fall the way they have this year. The interest rate worries and inflation caused most of the selling this year, but the Russian attack also added to the global uncertainty.
I’m not planning to ‘bet the house’ next week. I have a regular investment plan that I’m simply carrying out a little earlier. This volatility does not scare me, I see it as a chance to buy cheaper shares for the long-term, though I wish the reason for the recent uncertainty wasn’t happening.
The ASX share market has historically returned an average of around 10% per year over the long-term. I invest every month into what I think are the best opportunities at the time. I try to boost my returns when lower prices are presented like they are at the moment, or the COVID crash of 2020.
Which ASX shares to buy?
I can’t say which ASX shares I’m planning to buy on Monday, or else Rask’s excellent compliance rules would apply and I wouldn’t be able to buy what I’m thinking about. However, regular readers would probably know the ones I’m thinking of – I write about them regularly over the months.
However, if I were given $100,000 to invest in additional ASX shares, I’d be very happy to buy any of the following ASX growth shares from this list that I believe have very promising futures: Brickworks Limited (ASX: BKW), Airtasker Ltd (ASX: ART), Temple & Webster Group Ltd (ASX: TPW), Adore Beauty Group Ltd (ASX: ABY), Pushpay Holdings Ltd (ASX: PPH), Altium Limited (ASX: ALU), City Chic Collective Ltd (ASX: CCX), Volpara Health Technologies Ltd (ASX: VHT), EML Payments Ltd (ASX: EML), GQG Partners Inc (ASX: GQG), Xero Limited (ASX: XRO) and Australian Ethical Investment Limited (ASX: AEF).
It’s not an exhaustive list and in no particular order. If I had to go for two or three, I’d narrow it down to Airtasker, Volpara and Xero at the current prices. The high gross profit margin, fast revenue growth and international expansion plans are very promising for all three.