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 because of the bear market and are now trading at very attractive prices.
If you have a spare $500 to invest, then I would suggest you think long-term.
This is because brokerage costs (which are usually around ~$10 a trade) will eat into your profits if you are constantly buying and selling.
But which shares should you buy with this $500? I think these 4 ASX shares listed below would be great long-term options for investors:
Appen Ltd (ASX: APX)
Appen is a leading developer of high-quality, human annotated datasets for the machine learning and artificial intelligence markets. Thanks to the strong growth of these markets, I expect demand for Appen's Content Relevance services to continue to grow in the coming years and underpin strong earnings growth. Its shares are down 38% from their 52-week high.
CSL Limited (ASX: CSL)
The CSL share price is down around 13.5% from its high. Whilst this isn't bad considering how hard the market has fallen, I still think it is a buying opportunity for long-term focused investors. This is because I believe CSL is well-placed for solid long term growth thanks to the increasing demand for immunoglobulins, its growing plasma collection network, and its research and development pipeline.
REA Group Limited (ASX: REA)
REA Group is the owner and operator of the market-leading realestate.com.au website and several international equivalents. Whilst the coronavirus crisis looks set to have a big impact on listing volumes in the coming months, I expect the housing market to bounce back strongly when it clears. This could make its 34% share price decline from its 52-week high a buying opportunity when the volatility eases.
SEEK Limited (ASX: SEK)
This job listings company's shares are down 38% from their high. I think this is a buying opportunity for investors that are prepared to make a long term investment in its shares. Especially given its aim of growing its revenue to $5 billion by FY 2025. This will be a big lift on the revenue of $1,537.3 million it recorded in FY 2019.
