If I were lucky enough to be given $10,000 to invest into ASX shares, this is how I’d do it today:
Washington H. Soul Pattinson And Co. Ltd (ASX: SOL) – $4,000
Soul Patts is one of my favourite businesses on the ASX, it’s an investment conglomerate which takes long-term positions in businesses it thinks have promising futures such as TPG Telecom Ltd (ASX: TPM) and Brickworks Limited (ASX: BKW).
Over the past four months its share price is down 24%, which I think makes it much more attractively valued as its earnings power steadily grows year after year as it builds its investment portfolio with the retained cash it doesn’t use to pay its ever-growing dividend.
With no debt on its own balance sheet, I think Soul Patts is a great conservative investor which is worth holding for many years to come. It has a grossed-up dividend yield of 3.6%.
WAM Global Limited (ASX: WGB) – $3,000
I’m very interested in investing in overseas-focused investments, particularly when I can buy them at an attractive discount to their underlying value.
WAM Global is a listed investment company (LIC) which invests in mostly small and medium international companies which it thinks has attractive growth prospects such as Alphabet, American Express, Bandai, CME Group, Danone, Diageo, HCA Healthcare, Logitech and Reckitt Benckiser.
It’s trading at a 10.4% discount to the underlying assets/net tangible assets (NTA) at the end of May 2019, which may have grown further since then and I think this compensates for the management fees.
Magellan Global Trust (ASX: MGG) – $3,000
Magellan Global Trust is a high-performing overseas investment vehicle which only picks the highest-quality businesses in the world for its portfolio like Microsoft, Alphabet, Visa, MasterCard, Oracle and so on.
I really like that Magellan is a long-term investor that holds businesses for years and enjoys the growth journey. By looking at global businesses it has performed very well, since inception in October 2017 it has returned 16.2% per annum after fees.
It’s currently priced at a 4% discount to its net asset value (NAV) per share.
I think each of these businesses are excellent long-term opportunities and are all priced for a good value buy today, it’s hard to pick a winner.
If I had another $5,000 to invest I would definitely want to consider investing in one of these ASX growth shares.
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Motley Fool contributor Tristan Harrison owns shares of MAGLOBTRST UNITS, WAMGLOBAL FPO, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns shares of and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended Brickworks. 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 Scott Phillips.