The ASX is having one of its worst days in living memory. The S&P/ASX 200 Index (ASX: XJO) is down 7.47% at the time of writing to 4,917 points. I’ve already written about 3 ASX shares you can buy in today’s ASX 200 bloodbath, but it’s such a nasty day (replete with buying opportunities) that I think another article on shares to buy today is warranted.
So here they are:
BHP Group Ltd (ASX: BHP)
The BHP share price has collapsed over the past month, falling from over $40 a share to today’s level of $24.66 (at the time of writing). It’s the lowest share price BHP has had since June 2017. If you’re a fan of the ‘Big Australian’, it might be a good time to load the boat, as they say (or perhaps the dump truck is more apt). Iron ore prices are still holding up relatively well, so I think this is aa great stock to buy in today’s market panic!
BHP shares are also offering a trailing, fully franked dividend yield of 8.64% on these prices, which I think is highly compelling from an income standpoint.
WAM Leaders Ltd (ASX: WLE)
WAM Leaders is a listed investment company (LIC) that focuses on the largest ASX companies and high dividend payments. It holds most of the major ASX blue-chips like the big four ASX banks, South32 Ltd (ASX: S32) and CSL Limited (ASX: CSL). WAM Leaders shares are down over 30% in the last month, which has pushed the fully franked dividend yield from this LIC to over 6.4% (trailing).
For a well-diversified income share, I think WAM Leaders is a great choice for any investor today.
Vanguard Australian Shares Index ETF (ASX: VAS)
Market crashes tend to hurt ETFs like VAS particularly harshly, as the ETF has no ‘protection’ mechanism in place to prevent net asset value declines. Still, this is equally an opportunity to pick up some units of this broad-market index fund.
VAS holds 300 of the largest Australian companies. If you can think of any public company in Australia, VAS probably hold it. The big four banks and other blue-chips make up the lion’s share of VAS’s weighting, but it also holds smaller companies like Harvey Norman Holdings Limited (ASX: HVN) and Afterpay Ltd (ASX: APT).
So if you know buying shares is a good idea today (which I think it is), but you can’t pick out anything special, VAS is a great choice, in my view.
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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 AFTERPAY T FPO and CSL Ltd. 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.