Christmas is nearly here. It could be the perfect time to start buying shares with the trade war seemingly getting closer to an end.
There are several funny little expectations about the share market. "Sell in May and go away" is one. Another is the so-called "Santa rally". Perhaps they are all just made up. Last year saw one of the roughest Decembers this century, but this year is a lot better so far.
I think it's always a good time to buy shares, which is why my next share investment is likely to be one of these top ideas:
PM Capital Global Opportunities Fund Ltd (ASX: PGF)
If a trade truce between the US and China is just around the corner then global shares could be a good opportunity to invest in.
This particular share that I've got my eye on is a globally-focused listed investment company (LIC) which likes to find relatively unloved shares compared to the rest of the market. Some of the shares that it's focused on include copper miners and European house builders.
Its investment strategy has delivered double digit returns after fees since inception and it's steadily growing its dividend. It's trading at a 11.5% discount to the net tangible assets (NTA) at 6 December 2019.
Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)
Soul Patts has an investment philosophy that's attractive to me because it owns uncorrelated assets, it invests for the long-term and it tries to invest with a contrarian style.
Plenty of its unlisted assets are likely undervalued compared to their actual market values. Soul Patts' biggest three listed holdings could also be undervalued. Brickworks Limited (ASX: BKW) is seeing a turning in the Australian construction market, TPG Telecom Ltd (ASX: TPM) could win its court case against ACCC and the coal price could recover in the short-to-medium-term to give New Hope Corporation Limited (ASX: NHC) a boost.
In this era of very low interest rates, I think Soul Patts offers good valuations, solid cashflow and an ever-growing stream of fully franked dividends.
Altium Limited (ASX: ALU)
Altium is one of the best growth shares on the ASX in my opinion, but it also offers a dividend yield that is higher than the current RBA interest rate.
Of all the shares on the ASX, I think Altium could become one of the biggest ASX tech shares because of its high-quality client base, the very fast growth of the industry and rising profit margins.
Altium has excellent leadership and a great balance sheet. Its shares are quite expensive but it's usually worth it to pay up for quality.
Foolish takeaway
Altium is already a sizeable part of my portfolio, so I'd rather wait for a better buy price. It's hard to pick a winner between PM Capital and Soul Patts, so I'd have to split an investment between them.
