This Is How You Turn $5,000 Into $10,000 (Plus Franking Credits)

I'm cashed up and ready to snap up an ASX bargain

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We know Motley Fool readers want to know where we're investing our own money.

Where we're seeing opportunity, especially after the share market's recent meltdown.

Which companies have shone during results season, growing strongly in a struggling economy.

Read on…

Overnight on Wall Street, the Dow was first up more than 400 points, before closing down on the day by more than 200 points.

All that despite China cutting their interest rates for the fifth time since November.

(As an aside, given the market volatility, and the cratering of commodity prices, the odds on the RBA cutting the cash rate to just 1.75% have increased significantly. Term deposit holders take note.)

Bloomberg dubbed the overnight swing in US markets as "… worse than Monday," a day that saw US markets plunge 1,000 points at the open.

Investors remain nervous. They are scared of volatility, fearful of losing money.

I'll be honest. I don't know when this bout of volatility will end.

But end it will. Mark my words.

You can also mark my words that when the volatility ends, and markets recover, you'll be kicking yourself for NOT buying shares when they were on sale… like many are now.

In what looks to be a case of perfect timing, on Thursday 26 August 2015, after the market close, Scott Phillips and his crack team of analysts will announce their brand new ASX stock recommendation.

With the ASX down sharply in the past week or so, the team are licking their lips at the prospect of recommending you buy what is almost certain to be one dirt-cheap stock.

We're not the only ones keen to take advantage of the market's turmoil, and the cheap stocks on offer…

As recently quoted in The Age, Steve Johnson of Forager Funds said…

"For us, we are putting more cash to work, using the opportunity to pick up businesses we know and like…"

The same publication quoted Niv Dagan of Peak Asset Management as saying the ASX bloodbath had been a "complete overreaction," and that…

"This is not another global financial crisis. Fundamentals are strong. Buying opportunities at the 5000 level are good-quality blue-chip shares with strong dividend yields and strong balance sheets…"

All of which plays almost directly into the wheel-house of Scott Phillips, the Motley Fool Share Advisor master stock picker.

This period of market volatility reminds me of mid-2013, when the S&P/ASX 200 Index slumped over 11% — and into a correction — as investors fretted about higher US interest rates and a plunging Chinese stock market.

Sound familiar?

Eerily so.

Back then, wading into the gloom and doom was Scott Phillips, who boldly and confidently advised Motley Fool Share Advisor members buy shares in Solomon Lew's Premier Investments (ASX: PMV) — the owner of Just Jeans, Smiggle and Portmans.

Those brave investors who followed Scott's advice have now more than doubled their money, including pocketing 89 cents of fully franked dividends over the past two and a bit years.

To break it down to dollars and cents, if you'd invested $5,000 back when Scott first recommended Premier Investments, you'd be sitting on a profit of $5,000, plus have some franking credits to potentially set you up to receive a tax refund.

Not bad for an outlay of just $199 (a saving of $200) for a 12 month membership to Motley Fool Share Advisor.

TODAY, with the ASX still in correction mode, the opportunity to pick up a bargain looks to me to be just as compelling as it was just over two years ago.

And if you end up doubling your money — and potentially turning $5,000 into $10,000 — I think you'll agree a $199 investment today in a 12-month subscription to Motley Fool Share Advisor is a very small price to pay.

There is just one catch. You will have to hurry, because Scott Phillips releases his next ASX stock recommendation on Thursday 27 August 2015, after the market close.
Personally, I can't wait.

On Monday I raided my bank account, transferring thousands of dollars OUT of my low interest savings account and INTO my brokerage account, ready to pounce on some the ASX's best, and cheapest stocks.

If the Motley Fool Share Advisor winning track record is any indication, Scott's next pick will likely fit the bill — a high quality company, dividend-paying, and trading at a dirt cheap price.

To be clear, this is the ASX stock Scott thinks is the very best bet for new money RIGHT NOW.

I'm biased of course, but based on the Motley Fool Share Advisor superior track record, our exceptional level of service — including 24/7 access to Scott Phillips via our vibrant member-only discussion boards — and that shares are cheaper now then they've been in years, I think a subscription to Motley Fool Share Advisor, BEFORE Scott releases his next stock tip, could be YOUR best bet.

As an added bonus, a subscription is likely tax deductible.

I urge you to not delay this decision any longer. Click here now to grab your subscription to Motley Fool Share Advisor saving $200 off.

It just could be the best investment you ever make.

Bruce Jackson does not have an interest in any of the companies mentioned above.

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