Which shares to buy now with $10,000

www.fool.com.au
3 min read
fairly easy
Turbulent markets can be fantastic times to build profitable portfolios. Here are a range of shares to buy now to increase your net worth
Which shares to buy now with $10,000

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October is going to be an interesting month on the ASX. Anyone wondering which shares to buy now will need to consider a few things.

First, the Government is starting to wind back wage subsidies, insolvency laws, and tenancy protections. Second, laws are changing in relation to helping companies trade out of bankruptcy, and reducing responsible lending constraints. Third, Victoria is starting to emerge from lockdown and state borders are slowly reopening.

Personally, I think the best shares to buy now is a mix of under priced value shares, as well as a number of high opportunity growth shares.

Values shares to buy now

My preference in volatile markets is to try to find good companies, selling at a bargain price, and then hold them as the price increases. This reduces the risk of losing money. I would spend $7,500 in equal parts on the three ASX shares below.

Stockland Corporation Ltd (ASX: SGP) has been oversold during the year due to impacts from the coronavirus lockdown. I think it is cheap right now and also has a trailing 12-month (TTM) dividend yield of 6.24%. Stockland has a development pipeline of 76,000 lots of residential real estate. It estimates this has an end market value of $21.4 billion.

Resimac Group Ltd (ASX: RMC) is a small cap non-bank lender worth around $600 million. While this lender definitely has medium term growth…
Daryl Mather
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