If I were lucky enough to be given $10,000 into ASX shares to invest, I'd choose these three businesses:
Vitalharvest Freehold Trust (ASX: VTH) – $3,000
Most of the real estate investment trust (REIT) sector has rapidly risen over the past year to levels heavily in excess of their stated net tangible assets (NTA).
But not Vitalharvest. Its share price just hit a 2019 low, which I think is a good opportunity to buy shares whilst it's under short-term pressure from issues that are only affecting a certain section of its citrus and berry farms.
With a base rent of 8% and a profit-share with Costa Group Holdings Ltd (ASX: CGC), I think Vitalharvest is attractive today and well placed to make further acquisitions. It's quite likely I will buy shares over the next month or two.
MFF Capital Investments Ltd (ASX: MFF) – $3,000
MFF Capital may be the best listed investment company (LIC) to invest in due to its high-quality management, its global investment mandate and low fixed cost base.
It has been the best performer over the past five years. Whilst I wouldn't expect the same performance in absolute performance terms, the outperformance could continue and I think the setup will work well for at least the next decade or two, and I like how much of Mr Mackay's own money is invested in the LIC.
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 that has been going for over a century. It invests in other shares and also runs its own group of operating businesses.
This style of operations is the most similar thing the ASX has to Berkshire Hathaway. It's very attractive to me that Soul Patts can invest in anything it wishes to.
I think Soul Patts (and its largest holdings) are trading at good value, particularly with how most of the rest of the market is at all-time highs.
Foolish takeaway
I believe (and hope) that all three of these will generate good returns over the next decade and are attractively priced, but if it had to be one pick it would be Soul Patts for its diversified and long-term approach.
