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I invested in some ASX shares today

I bought some shares today.

Trading rules don’t allow me to say which shares I bought, but which shares I bought is less important to me than the fact that I actually invested in something to take advantage of the lower prices.

Thankfully, I invested in the morning before the ASX actually went through its rally.

I said last week that I was going to put my money to work this week. These types of investment opportunities don’t come along very often.

If people are willing to sell their shares to me a much lower prices than a month ago I’ll happily take them up on that offer.

Just look at what has happened with WiseTech Global Ltd (ASX: WTC), its share price fell almost 50% between 18 February 2020 and 28 February 2020. Today it went up 12.7%. Investors are not acting calmly or rationally. Another high-priced growth share like Australian Ethical Investment Limited (ASX: AEF) is also seeing enormous moves day to day.

If the market falls again later this week I’ll likely invest some more. Whilst there has been a bit of recovery for some shares like Altium Limited (ASX: ALU) and MFF Capital Investments Ltd (ASX: MFF), the market may continue to be volatile so I wouldn’t be surprised to see further falls (and gains on other days). But perhaps the RBA and Fed will support share prices. We just don’t know what’s going to happen.

I’m going to keep regularly investing every month whether the share market goes up or down from here. It’s impossible to know when the lowest point will be. But there will be a lowest point and the share market will recover from there.  

If prices stay close to where they are today then Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) or PM Capital Global Opportunities Fund Ltd (ASX: PGF) could be two of the most likely shares that I’ll buy.

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Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Australian Ethical Investment Ltd. The Motley Fool Australia owns shares of and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns shares of Altium and WiseTech Global. The Motley Fool Australia has recommended Australian Ethical Investment Ltd. 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.

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