One of the best things about stock market investing is the fact anyone can get involved with as little as a few hundred dollars. And once you’ve bought some shares, you can hold them forever.
However, one of the biggest hurdles facing new investors is a lack of ideas.
Ideas can come from friends or a financial advisor. However if your friends aren’t interested in stocks or if you don’t see a financial advisor regularly, chances are you could find it difficult to get some good stock ideas on your watchlist. I know I did.
To help you on your way, here are four stocks I’d gladly buy today, if I had $10,000 to invest.
1. Collection House Limited (ASX: CLH) is a small-cap receivables management company specialising in debt collection, debt ledger purchasing and related legal services. Despite non-stop earnings per share growth since 2006, the company still appears cheap.
2. M2 Group Ltd (ASX: MTU) is the owner of Dodo, Primus, Eftel and Commander telecommunications brands. The group has experienced exceptional acquisitive growth over the past five years and although its future growth mightn’t be so quick, I think there’s still value to be unlocked in M2’s share price over the long term.
3. InvoCare Limited (ASX: IVC) is Australia’s leading funeral service provider. InvoCare is uniquely placed to benefit from expectations of much higher mortality rates in years ahead. Although I don’t think shares are a bargain at today’s prices, with high returns on capital and long-term tailwinds, I’d be willing to pay the price to hold forever.
4. Slater & Gordon Limited (ASX: SGH) is a stock I already own but one I’d gladly buy again today. It is Australia’s biggest law firm and is growing rapidly in the much larger and more lucrative UK market, where it expects to draw 45% of revenues in FY15 – not bad when you consider its share of the personal injury market is only 5%!
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Motley Fool Contributor Owen Raszkiewicz owns shares in Slater & Gordon.