With markets looking a little jittery today, it might be a good time to consider which shares would be worthy of some extra attention today. After all, with cash giving you nothing in a bank account these days, having a lot of capital in the share market is one of the only ways to achieve a rate of return above inflation.
So here’s how I would spend a $20,000 investment in ASX 200 shares today.
WiseTech Global Ltd (ASX: WTC)
WiseTech shares have just returned to open trading after being placed in a trading halt earlier this week. A short-seller attack questioning WiseTech’s asset valuations and accusing the company of massaging profits has knocked the company off its perch somewhat, and WTC shares are still down 18% over the past week or so.
This might be a top buying opportunity for anyone bullish on WiseTech’s future. I still think the company has a phenomenal product and will continue to dominate its peers in the global logistics business.
Fortescue Metals Group Ltd (ASX: FMG)
Everyone seems to have stopped talking about iron ore miners lately, but I think Fortescue is worth a good look today. I like this company as its boasts one of the most efficient, lean business models out there, and is likely to remain profitable even if iron ore prices fall off a cliff.
FMG shares have risen over 20% in the past month, but if iron prices take a jump in the upwards direction, there could be significant upside yet.
Stockland Corporation Ltd (ASX: SGP)
Stockland is a REIT (real estate investment trust) that owns a diversified group of property assets – everything from shopping centres and housing estates to industrial business parks and retirement villages.
Such a broad portfolio of ‘tangible’ assets would be a huge plus for any portfolio (in my opinion) – especially in this time of record low interest rates. Stockland shares are currently offering a juicy distribution yield of 5.74%, which is almost too good to pass on in my view.
I think these three shares are some of the best deals going on the markets today, and in my opinion all three companies would serve an investor well today and in the future. I like the Stockland price the most today, but what’s happening with WiseTech could be a significant buying opportunity as well.
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Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of WiseTech Global. 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 Scott Phillips.