Depending on which stage you are at in your investment journey, you are likely to have a focus on a particular type of share.
There are investors that have a focus on dividends, others are looking for growth, and some investors are searching for shares which they feel are undervalued.
Whichever type of investor you are, I feel one of the shares listed below will appeal to you. Here's why I think they are worth considering:
Altium Limited (ASX: ALU)
I think growth investors ought to consider buying Altium. It is an electronic design software provider which has really caught the eye in recent years after delivering very strong sales and earnings growth. And while the pandemic has slowed its growth, its long term outlook remains as positive as ever. This is due to its exposure to the growing Internet of Things and Artificial Intelligence markets, which are underpinning the explosion of electronic devices globally. This is driving increasingly strong demand for its Altium Designer software and is expected to continue doing so over the 2020s.
Dicker Data Ltd (ASX: DDR)
I think the wholesale distributor of computer hardware and software would be a top option for income investors. Dicker Data has been growing its earnings and dividends at a solid rate consistently over the last five years and looks well-placed to continue this trend over the next five. This is thanks to its strong market position, favourable industry tailwinds, and its new distribution centre. Another positive is its generous dividend yield and its quarterly payments to shareholders. Based on the current Dicker Data share price, it offers investors a fully franked 4.5% dividend yield.
Telstra Corporation Ltd (ASX: TLS)
If you're a value investor I think Telstra would be worth considering. At present the telco giant's shares are changing hands at under 19x estimated FY 2021 earnings. I think this is good value due to its medium term outlook, defensive qualities, and generous dividend yield. In respect to its outlook, I believe a long-awaited return to growth isn't too far away thanks to the easing NBN headwind, the arrival of 5G, and its T22 strategy. This strategy is stripping out costs and simplifying the Telstra business.
