If you have $10,000 sitting in your savings account then now could arguably be a good time to consider investing it into the share market following the recent mini market meltdown.
This is because a number of high quality ASX shares have been dragged notably lower over the past couple of days and look attractively priced for a long-term investment.
Here are three that I would consider buying after the market volatility subsides:
Altium Limited (ASX: ALU)
This design software company's shares have dropped over 11% since the start of the week. Whilst this still doesn't make Altium's shares conventionally cheap, I believe they are good value based on its current growth profile. Altium provides an award-winning printed circuit board (PCB) design software which I believe could experience increasingly strong demand over the next decade thanks to the Internet of Things (IoT) boom. Worldwide technology spending on IoT is expected to reach a massive US$1.2 trillion in 2022. And as the vast majority of IoT devices have PCBs inside them, Altium appears well-placed to profit.
Bravura Solutions Ltd (ASX: BVS)
Bravura is a leading provider of software and services to the wealth management and funds administration industries. The market selloff has put pressure on its shares this week and dragged them 7% lower. This, combined with the share price decline following its failed takeover approach of GBST Holdings Limited (ASX: GBT), means its shares are now down almost 30% since peaking at a 52-week high of $6.27 in May. Whilst missing out on GBST was disappointing, I believe the company's Sonata wealth management platform has enormous potential and can singlehandedly drive above-average earnings growth over the long term.
Webjet Limited (ASX: WEB)
The shares of this online travel agent have dropped 4.5% since the start of the week, which means they are now changing hands at 22x estimated full year earnings. I think this makes them great value given Webjet's strong long-term growth potential thanks to the popularity of its numerous brands, its focus on margin improvement, and the continued shift to online travel booking from brick and mortar stores.
