If crystal balls were real then undoubtedly certain times would be clearly much better than other times for making an investment. In other words, timing the market would work!
In the real world however we don’t have crystal balls and while from time to time there could be extremes – primarily in the frothy height of a bull market when it could be better to hold back on committing money – for the most part, a long term, steady contribution to a carefully constructed, growth focussed investment portfolio should help grow your wealth over the years despite the inevitable ups and downs of the market.
Barrack St Investments Ltd (ASX: BST) is a listed investment company (LIC) which invests in small and mid-cap ASX listed companies outside the top 50. The LIC is managed by ECP Asset Management who has an impressive track record of delivering outperformance against its benchmark.
Barrack St Investments offers investors exposure to a concentrated portfolio of companies which the manager believes have extremely high quality with above average growth prospects.
Here are six of the highest conviction positions:
- REA Group Limited (ASX: REA)
- Platinum Asset Management Limited (ASX: PTM)
- Trade Me Group Ltd (ASX: TME)
- Domino’s Pizza Enterprises Ltd. (ASX: DMP)
- Carsales.Com Ltd (ASX: CAR)
- Navitas Limited (ASX: NVT)
With the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) having just experienced its worst quarter in four years, it’s understandable that some investors may be worried that further falls could lie ahead. Rather than worrying about the unknowable, arguably a much better approach is to focus on identifying high quality stocks that are trading at attractive valuations and using market volatility to your advantage.
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Motley Fool contributor Tim McArthur has no position in any stocks mentioned. Unless otherwise noted, the author does not have a position in any stocks mentioned by the author in the comments below. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.