I think there are opportunities on the ASX today, which is why I was active again.
At the start of the week I invested in small cap focused listed investment company (LIC) WAM Microcap Limited (ASX: WMI).
Today I saw another opportunity and decided to buy…I can't tell you because of trading rules. But the important thing is that I'm investing and taking advantage of these lower prices.
There are various shares that I was close to buying like:
Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)
Brickworks Limited (ASX: BKW)
PM Capital Global Opportunities Fund Ltd (ASX: PGF)
Altium Limited (ASX: ALU)
Webjet Limited (ASX: WEB)
Australian Ethical Investment Limited (ASX: AEF)
I'm very happy with the one I did buy, but I could have gone for any of the above names today and be happy with the investment at these prices.
It's not often that we are presented with opportunities to buy shares at prices that are at least 10% cheaper than they were a month ago. Sure, keep some cash in-case prices fall further and you want to take advantage of that, but share prices may bottom sooner rather than later unless this snowballs into a global recession.
The human side of the coronavirus is sad and scary for older people and we shouldn't lose sight of that.
Share prices may keep declining, or at least stay at this lower level, for some time. I plan to keep investing throughout this period and hopefully pick up a fair few share bargains.
