For most of 2019, I didn't buy a lot of ASX shares. No matter where I looked, the share prices of my favourite companies looked too expensive.
Things have been remarkably different in 2020 – and not for the reason I hoped. But still, there has been significant market volatility – and I have used this to buy more share in 2020 so far than the whole of 2019.
But I would like to buy more. Like all Fools, I think ASX shares are the best path to long-term wealth creation. And getting them at a great price shortens this path.
So here are 5 ASX shares I will buy in 2020… but only if the price is right!
Macquarie Group Ltd (ASX: MQG)
Macquarie is a great company and a top alternative to the big 4 banks in my view for both growth and income. Macquarie briefly dipped below $75 in March, but quickly bounced back. If I get another shot at this pricing level, I intend to seize it with both hands!
WAM Research Limited (ASX: WAX)
WAM Research is a listed investment company known for the large dividend cheques it cuts for its investors. It has a remarkably stable share price, but this was briefly shattered in March when it briefly approached 90 cents a share (meaning its raw dividend yield was close to 11%). If there's another shot to lock in such a hefty yield, I would love to top up on WAX shares in 2020.
BetaShares Nasdaq 100 ETF (ASX: NDQ)
This exchange-traded fund (ETF) follows the largest companies on the tech-heavy Nasdaq exchange over in the US. Its top holdings are businesses like Microsoft, Alphabet, Amazon and Netflix.
Such a basket of quality names would normally not provoke much hesitation, but I have valuation concerns about quite a few of these stocks. So, I'm waiting for a better price for this one too. If this ETF got back under $18 per unit, I think that would be the time I would strike.
Afterpay Ltd (ASX: APT)
I'm still fuming I missed out on grabbing some Afterpay shares when they plunged under $10 last month. Today, they are sitting at $28.15, so you can understand my frustration here. If this buy now, pay later share goes anywhere near single digits again, I'll be waiting with the net ready.
CSL Limited (ASX: CSL)
I have been after CSL shares for years now, but the price has never really seemed right for me. Even in March, this company only got down to the $270 level – back where it was in December! I would love to grab CSL shares for under $200, but I've resigned myself that this may not ever happen again if the market continues to treat it with such a revered valuation.
