When you're investing in individual shares you need to make sure you're investing in the right businesses at the right prices.
The share market is full of interesting stocks but only a certain amount of them are on my watchlist.
Here are the shares I'd choose if I were investing $10,000 today:
BWX Limited (ASX: BWX)
BWX is Australia's leading natural beauty company. Its main brand is Sukin, which is experiencing strong growth in Australia and overseas. Sukin has recently started selling in Wesfarmers Ltd's (ASX: WES) Coles supermarkets, which should be another boost to the business.
The company's share price came under pressure after it delivered its half-year report with growth coming lower than expected. But, it was growth nonetheless.
I'd invest $3,000 into BWX at today's price.
Naos Emerging Opportunities Company Ltd (ASX: NCC)
This is a listed investment company (LIC) run by the Naos investment team. Its portfolio has delivered an average return of 17.87% per annum before fees over the past five years.
It mostly invests in industrial companies with market capitalisations that are less than $250 million, giving the LIC plenty of growth options to look at.
I like that, so far, the LIC has increased its dividend every year it started paying one back in 2013. It currently has a grossed-up dividend yield of 7.24%.
I'd invest $3,000 into the Naos LIC at the current price.
Paragon Care Ltd (ASX: PGC)
Paragon is a small cap healthcare business that is growing through acquisitions. It supplies medical products and equipment to healthcare providers like aged care and private hospitals.
As Australia's population ages there will be more demand for medical items and this should work heavily in Paragon's favour. It is steadily acquiring more businesses to grow its offering and client base.
I'd invest $2,000 into Paragon at the current price.
BETANASDAQ ETF UNITS (ASX: NDQ)
It's hard to look beyond the global tech companies like Apple, Alphabet (Google), Facebook and so on for future strong returns. They are already gigantic businesses but there could be a lot more profit growth yet to come. This would be a big boost for their earnings per share and dividend per share statistics.
I believe this exchange-traded fund is one of the best ways to get exposure to the technology giants.
I'd allocate $2,000 to the ETF but I'd keep buying more in the future.
Foolish takeaway
I'd be very happy to invest in all four shares at the current prices and I think the above four offer a good mix of dividends and growth.
