If you’re looking for some new additions to your portfolio, then I think the S&P/ASX 50 index is a good place to start.
This large cap index is home to 50 of the largest and most liquid shares listed on the ASX by float-adjusted market capitalisation.
Two ASX 50 shares that I would buy today are listed below:
Goodman Group (ASX: GMG)
One of my favourite ASX 50 shares is Goodman Group. This integrated commercial and industrial property company owns, develops, and manages industrial real estate globally. At present it has a portfolio of warehouses, large scale logistics facilities, and business and office parks across a total of 17 countries.
While there are a lot of property companies to choose from on the Australian share market, few (if any) have as bright a future as Goodman Group in my opinion. This is due to the way the company has built its portfolio to give it exposure to industries benefiting from structural tailwinds such as online, logistics, food, consumer goods, and the digital economy.
Telstra Corporation Ltd (ASX: TLS)
Another ASX 50 share to consider buying is Telstra. Although times have been hard for the telco giant, I believe its long term outlook is very positive. This is thanks largely to its T22 strategy which is stripping out costs and simplifying its business. In addition to this, with the end of the NBN rollout now in sight, the company could soon return to growth.
In light of this, I think now would be a good time to consider a long-term investment. Especially if you’re looking for dividends in this low interest rate environment. Based on the current Telstra share price, it will offer investors a 5.6% fully franked yield in FY 2021 if it is able to maintain its current dividend of 16 cents per share.
Man who said buy Kogan shares at $3.63 says buy these 3 ASX stocks now
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More reading
- Why I would buy Telstra (ASX:TLS) and 1 other ultra-cheap ASX share today
- Whispir (ASX:WSP) share price sinks 9.5% lower on major shareholder sell-down
- Why the Telstra share price is a good buy for dividends
- 3 ASX shares for growth, income, and value investors to buy right now
- ASX 200 Weekly Wrap: Friday crash pulls ASX back below 6,000 points
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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