Although the Australian share market has bounced back strongly from its March lows, it is still down materially from its February highs.
This is the same for markets across the world and has of course been caused by concerns over the economic impact of the coronavirus pandemic.
Whilst the pandemic will inevitably hurt the global economy, I’m optimistic the stimulus measures that have been put in place will allow it to bounce back quickly.
In light of this, I continue to believe the market selloff is a buying opportunity for long-term focused investors.
With this in mind, here are three investment options to consider today:
BetaShares NASDAQ 100 ETF (ASX: NDQ)
The first option for investors to consider is the BetaShares NASDAQ 100 ETF. This exchange traded fund gives investors exposure to the 100 largest businesses on the technology-focused NASDAQ index. This means investors will be buying a slice of major tech giants such as Amazon, Apple, Alphabet, Facebook, and Microsoft. These tech giants have been sold off during the pandemic, but I expect them to recover quickly when conditions return to normal.
REA Group Limited (ASX: REA)
It appears inevitable that this property listings giant will experience a significant decline in listing volumes in the immediate term due to the pandemic. However, I believe this has already been priced into its shares, which are down almost 30% from their 52-week high. Once the crisis passes, I expect REA Group to see listing volumes rebound. Combined with price increases, new revenue streams, and its international operations, I expect REA Group to deliver solid earnings growth in the coming years. In light of this, I think it could be worth considering a long term and patient investment in its shares.
Vanguard MSCI Index International Shares ETF (ASX: VGS)
Another exchange traded fund to consider is the Vanguard MSCI Index International Shares ETF. As its name implies, this exchange traded fund provides investors with low-cost exposure to many of the world’s leading companies. The advantage of this is that it allows investors to participate in the long-term recovery of the global economy, rather than just the ANZ market. Amongst its top holdings you will find the likes of Amazon, Microsoft, Nestle, and Visa.
Where to invest $1,000 right now
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Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.
*Returns as of February 15th 2021
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended BETANASDAQ ETF UNITS. The Motley Fool Australia has recommended REA Group Limited and Vanguard MSCI Index International Shares ETF. 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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