If you're looking to take advantage of the recent market crash to make your first investment, then you're in luck.
The shares of a large number of high quality companies have fallen heavily and are now trading at attractive prices.
But which shares should you buy? I think the 4 ASX shares listed below would be great places to invest $1,000 with a long-term view:
Afterpay Ltd (ASX: APT)
I think this payments company would be a great long term option for investors. Thanks to the growing popularity of buy now pay later as a payment method and its international expansion opportunity, I believe Afterpay is well-positioned to continue growing its underlying sales at a very strong rate for many years to come.
Kogan.com Ltd (ASX: KGN)
More and more spending is being made online by consumers, which bodes well for this growing ecommerce company. In light of this and its attractive valuation, I think now could be a great time to make a patient buy and hold investment in its shares. Another positive is that Kogan pays a dividend. While this yield may not be the largest, it could grow significantly over the next decade.
REA Group Limited (ASX: REA)
Another option to consider is REA Group. It is the owner and operator of the market-leading realestate.com.au website and several international sites. Whilst its short term performance will be impacted by lower listing volumes, I expect the housing market and listings to bounce back when pandemic clears. This and its robust business model means it could be worth considering with a long term view.
SEEK Limited (ASX: SEK)
Like REA Group, SEEK will inevitably suffer from lower listings volumes during the pandemic. But I'm confident that these volumes will bounce back once life returns to normal. This could make it worth taking advantage of its sharp share price decline and picking up shares. Especially given its very positive long term outlook thanks to its growing international operations, investments in growth opportunities, and leadership position in the ANZ market.
