Reflecting on the 15% falls in Australian shares since March, earlier this month I wrote, "This is the time to buy shares, not sell them".
…but I didn't just write that for the sake of other investors – I took my own advice!
In fact, I made eight investments this month. That's right, I bought seven stocks and an option!
Usually, I wouldn't make such a bold move in a short period, but I'm betting the market will rebound.
It may not rebound this week, month, year, or even next year, but it will eventually.
7 stocks I bought this month
- Retail Food Group Limited (ASX: RFG) – Percentage of my portfolio: 5%
Retail Food Group shares are being heavily discounted by the market. While the retailer could well be hindered by a slowing economy, I think the market is offering savvy long-term investors an excellent opportunity to buy an even better business. At today's prices, its shares trade at a 6.1% fully franked dividend yield!
- CSL Ltd (ASX: CSL) – Percentage of my portfolio: 5%
CSL Ltd is a company I've long put off adding to my portfolio for a long time because it's appeared too expensive. However, after falling from a high over $100 in August to its current price of $90, its valuation has become more compelling. While it could be a rocky ride in the near-term, CSL's leading position in the global blood plasma and vaccines market bodes well for outperformance over the long-term.
- Cochlear Ltd (ASX: COH) – Percentage of my portfolio: 7.8%
I've said before that Cochlear stands out as one of the ASX's best healthcare businesses. The hearing aid developer generates a significant proportion of its revenue overseas and pays a healthy dividend of 2.6%. At current prices, it was too good to pass up.
- ResMed Inc. (CHESS) (ASX: RMD) – Percentage of my portfolio: 7.2%
ResMed is another healthcare stock that already held a spot in my portfolio. The $10 billion company has also seen its shares come under selling pressure in recent months. And while I expect headline revenue to be shaky in the short-term, once again, over the long-term I think it'll make a great business to hold.
- Future Generation Global Invstmnt Co Ltd (ASX: FGG) – Percentage of my portfolio: 15.9%
Future Generation Global is a listed investment company (LIC) mandated to both maximise shareholder returns AND donate 1% of assets to charity every year. It invests millions of dollars of shareholders' money into reputable global fund managers who work for free. I think it's an excellent initiative and one I'm willing to back over the long term.
- SEEK Limited (ASX: SEK) – Percentage of my portfolio: 12%
SEEK is a name synonymous with job advertising and education in Australia. Its commanding lead in the local market is constantly being challenged, sure, but it remains the premier portal for job seekers and employers, and I can't see that changing anytime soon. It overseas exposure and dividend are added bonuses for long-term holders.
- Collection House Ltd (ASX: CLH) – percentage of my portfolio: 3%
Collection House is a company I've had exposure to for years (through a portfolio I manage for my family), but I think the market still undervalues it. The debt collector has a capable management team, strong balance sheet and pays an excellent dividend.
Buy, Hold or Sell
At today's prices, I'd happily buy more of these businesses for the long-term, with Retail Food, ResMed and Collection House probably my top picks of the bunch.
