As I mentioned here yesterday, the Australian share market has generated an average total return of 9.2% per annum over the last three decades.

Although we have had a poor start to the current decade, I still feel confident that the market will generate a similarly strong return over the next 30 years.

In light of this, I think investors should look to invest what they can in the share market consistently over the long term to take advantage of compounding.

For example, if you were to invest $5,000 every year into the share market for 30 years and earned a 9.2% return per annum, your investments would grow to be worth almost $775,000 at the end of the period.

And if you can maintain this for just another 5 years, you’ll see the value of your investments rise to over $1.2 million.

To help you on your way with the first $5,000 investment, I have picked out three top shares that I think would be great long term options. They are as follows:

Altium Limited (ASX: ALU)

The first share to consider investing $5,000 into is Altium. It is an electronic design software platform provider which is leveraged to the rapidly growing Internet of Things (IoT) market. Given its leadership position and the explosive growth expected from the market, I believe it is well placed to deliver strong earnings growth over the next decade.

Cochlear Limited (ASX: COH)

Another great long term option could be this hearing solutions company. While Cochlear is facing a few headwinds at the moment from the pandemic, I expect it to bounce back once the crisis passes. After all, hearing doesn’t generally fix itself. So, the sales it is missing out on now are not likely to be lost completely. In addition to this, with populations ageing around the world, I believe demand for its products will grow over the next decade or two.

SEEK Limited (ASX: SEK)

A final option to consider is SEEK. As with Cochlear, it is facing headwinds from the pandemic. But I’m confident things will improve when the crisis passes and for its growth to resume. Management has set itself an aspirational revenue target of $5 billion by FY 2025. While I suspect this may need to be pushed back a touch, I expect it will achieve it this decade. This will be a big lift on FY 2019’s revenue of $1,537.3 million.

More reading

• 5 things to watch on the ASX 200 on Thursday
• $3,000 invested in these 3 ASX industries could make you a fortune in the future
• Do the Altium and Xero share prices still represent good long-term buys?
• 3 fantastic ASX shares to buy now to get rich later
• Should you throw $3,000 into Altium shares today?

James Mickleboro owns shares of SEEK Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Cochlear Ltd. The Motley Fool Australia owns shares of Altium. The Motley Fool Australia has recommended Cochlear Ltd. and SEEK 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.

The post How to become a millionaire with a $5,000 investment in ASX 200 shares each year appeared first on Motley Fool Australia.

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Afterpay Ltd (ASX:APT) shareholders watch out, a global tech giant is launching a challenge.

Shopify is a Canadian based eCommerce giant which has one million merchants that uses its platform. 

Shopify held a conference today. Aside from a number of other Shopify-specific announcements, there was one key thing that Afterpay needs to watch closely. 

What did Shopify announce?

The eCommerce global giant is launching ‘Shop Pay Installments’. Sounds like Afterpay’s instalments right? This could be challenging even though Afterpay is growing strongly. 

As part of the announcement, Shopify said:

“It’s not just merchants who are struggling with cash flow right now; their buyers are feeling the pinch, too. To help, we’re announcing the launch of Shop Pay Installments, coming to merchants and buyers in the U.S. later this year.

Shop Pay Installments allow buyers to pay for purchases in four equal payments over time, with no interest or fees. Merchants will receive the full purchase amount upfront, and Shopify will collect the remaining installment payments, meaning there’s no risk to merchants. This flexible payment option will allow buyers to stretch out their payments, making purchases more convenient. This, in turn, will help merchants increase cart sizes and overall sales.

Installments will be fully integrated into the Shop Pay accelerated checkout, meaning merchants can continue to offer buyers a seamless checkout experience.”

I think a key part of that is that it seems Shopify will be giving merchants “the full purchase amount upfront”. There was no mention of a high merchant fee like the one Afterpay charges.

Why this could hurt the Afterpay share price

The US is a huge growth target for Afterpay. If you were a US merchant are you more likely to want a customer to use Shopify’s service (which has a lower merchant fee per transaction) or Afterpay’s service?

It could mean Afterpay will have to make a difficult choice in the future between market share and margin. It’s this type of announcement which would make me nervous about holding Afterpay shares for the long-term. At a share price of $44, Afterpay doesn’t appeal to me at all. I’d actually be thinking about taking profit off the table.

More reading

• These ASX payments shares could be long term market beaters
• ASX 200 down 0.2%: Afterpay hits a record high, Aristocrat Leisure update disappoints
• Why Afterpay, AMA, NRW, & Santos shares are racing higher
• Why I’d invest $1,000 in this ASX tech share today
• Afterpay share price on watch after hitting 5 million active US customers

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of AFTERPAY T FPO. 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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The AFL season will officially resume on 11 June following an unprecedented suspension of play. This could spell good news for the Pointsbet Holdings Ltd (ASX: PBH) share price and peers such as Tabcorp Holdings Limited (ASX: TAH). 

Furthermore, as highlighted in a recent article published on the ESPN website, the US now has 18 states with regulated sports betting markets. This means just over 30% of the US population has access to legalised sports betting. The article goes on to say that more than half of all US states will offer legal sports betting within the coming years.

Also, earlier this month, 2 sports betting bills passed a vote in the Senate in Louisiana. These bills will now move to the House of Representatives. If both bills pass through the House, it’s possible sports betting will be legal in that state by the year’s end.

What does this mean for the Pointsbet share price? 

The more sports betting markets that open up, the more turnover will result for bookmakers like Pointsbet. In the company’s Q3 update for its Australian business, Pointsbet saw clients transferring to higher margin products such as thoroughbred, harness and greyhound racing. This was as a result of the suspension of AFL and NRL and the the timing could not have been better for the company. After all, it had just executed a Tier 1, Australian horse racing partnership with Channel 7.

Pointsbet’s turnover in Australia increased 58.3% in Q3 FY20 vs. Q3 FY19. Despite this being 3.5% down on Q2 FY20, this is still a strong result, particularly given the impact of coronavirus. 

With coronavirus restrictions beginning to ease, the UFC is running 3 events this month, the AFL has locked in a start date and many sports leagues around the world are planning their returns. This can only mean good news for Pointsbet’s revenue, growth and share price. 

Pointsbet in the US 

Pointsbet currently derives most of its US revenues from the state of New Jersey. It also has access in Iowa, Indiana, Kansas and Colorado. The company’s US turnover tells a similar tale to its performance in Australia. Turnover soared 285.4% between Q3 FY20 vs. Q3 FY19, but fell 19.4% on Q2 FY20 results. 

Pointsbet’s response to COVID-19 includes scaling down its major expenses including employee, sales and marketing costs. Its business costs are highly correlated with betting turnover, revenue and deposit/withdrawal volumes. As such, these costs will likely reduce proportionally with the expected fall in these metrics. Its marketing expenses are also variable in nature, and the company is preparing to significantly reduce this expense for the quarter to 30 June 2020.

Foolish takeaway 

I think the favourable regulatory conditions in the US will create a great springboard for Pointsbet’s growth as things return to ‘normal’. The company has an unbelievably strong cash position of $149.4 million, relative to its market capitalisation. It also has no borrowings. Pointsbet is cashed up and, I believe, poised for future share price growth. 

More reading

• ASX 200 market close: Share market up 1.8%
• ASX gambling shares on watch as sporting codes make plans to resume
• 3 ASX shares I should have bought last month
• Are ASX shares about to surge higher in 2020?
• Why I’m holding onto my Pointsbet shares

Lina Lim has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. 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.

The post Is the Pointsbet share price poised for future growth? appeared first on Motley Fool Australia.

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The S&P/ASX 200 Index (Index:^AXJO) is on track to post its fifth straight session of gains, but not all stocks are partaking in the merrymaking!

The top 200 stock benchmark added 0.2% in morning trade as the reopening of the global economy is emboldening the bulls.

This is despite the fact that the number of new daily COVID-19 cases worldwide hit another record high of 106,000 cases on Wednesday.

At risk of sounding like a coronavirus wet blanket, I should point out that not all ASX shares are having a good time. Here are two that are slumping today after top brokers downgraded their recommendation on these ASX stocks.

Can’t cut your way to growth

One laggard is the TechnologyOne Ltd (ASX: TNE) share price, which dropped 1.8% to $9.63 at the time of writing.

Its underperformance may have something to do with UBS urging investors to cut and run even though management delivered a good first half profit result.

But good isn’t good enough in the broker’s book. Management’s guidance on Software as a Service (SaaS) annual recurring revenue of $133 million for FY20 may be a solid 31% increase over last year, but it’s well below UBS’ forecast of $164 million.

“We forecast 2H20E non-R&D/SaaS opex will need to reduce 10% yoy (ex-AASB16 impacts) to hit the bottom end of the guidance range (8% PBT growth) with a 14% reduction required to hit the top end (12% PBT growth),” said the broker.

“COVID-19 impacts will likely contribute to this from reduced travel and marketing expenditure. A significant step up in incremental SaaS ARR is also required (+$25m hoh) as well as $18m in 2H20 Initial Licence Fees.”

UBS downgraded the stock to “sell” from “neutral” with a price target of $8.20 a share.

Knocked down

Another stock in the doldrums today is the Fletcher Building Limited (ASX: FBU) share price. The New Zealand-based building supplies group dropped 2.8% to $3 after Citigroup cut its rating on the stock to “neutral” from “buy” following management’s latest update.

“Fletcher Building’s skew to NZ and exposure to residential construction has led to very weak recent sales trends,” said the broker.

“While sales improved in May 2020, they are still down 10%-20% on budget. Fletcher Building’s own forecasts indicate that construction activity will drop much further in FY21e.”

Infrastructure construction is the only bright spot on the horizon for the group, but it only contributes to around a quarter of Fletcher’s total sales.

The timing of the aggressive shutdown of the NZ economy to contain COVID-19 also couldn’t come at a worse time. Citi noted that the quarter typically makes up 40% to 45% of the group’s full year earnings.

The broker’s price target on the stock is NZ$3.50 a share.

More reading

• Top brokers name 3 ASX 200 shares to sell today
• ASX 200 down 0.2%: Afterpay hits a record high, Aristocrat Leisure update disappoints
• Why ASX 200 iron ore miners are your best bet for dividends right now
• How to invest $1,000 in ASX 200 shares like Warren Buffett today
• Why I’d invest $1,000 in this ASX tech share today

Motley Fool contributor Brendon Lau has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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.

The post The latest ASX stocks hit by broker downgrades today appeared first on Motley Fool Australia.

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One area of the share market which I think has a lot of potential is the payments industry.

Cash and credit card usage has been declining over the last few years and several companies are aiming to take advantage of this by disrupting the industry with innovative solutions.

Two ASX payments shares which I think are destined for big things are listed below. Here’s why they could be great long term investments:

Afterpay Ltd (ASX: APT)

This payments company is rapidly disrupting the industry with its buy now pay later offering. Its success has been so great, the word Afterpay is used by many as a verb now for buying something and paying for it in instalments. In addition to this, with millions of consumers using its platform in the ANZ, UK, and U.S. markets, it has become a must have for retailers.

There were concerns that Afterpay’s business model could struggle during tough times. Not only have sales remained very strongly, but its bad debts have remained stable during the pandemic. The has been driven by the flexibility of its model, which has allowed it to lower its risk without stifling its growth. In light of this and its global expansion opportunity, I believe Afterpay is well-placed to be a long term market beater.

Pushpay Holdings Group Ltd (ASX: PPH)

Another payments company which I think is destined for big things is Pushpay. It is a growing donor management platform provider for the faith, not-for-profit, and education sectors. Pushpay’s innovative solutions simplify engagement, payments, and administration, allowing users to increase participation and build stronger relationships with their communities. It also means the day of handing around the hat in church for cash donations are over.

I’ve been very impressed with its performance over the last few years and particularly in FY 2020. Earlier this month it reported a 33% increase in operating revenue to US$127.5 million and a 1,506% jump in EBITDAF to US$25.1 million. Pleasingly, management is confident there will be more strong growth this year. It expects to double its operating earnings in FY 2021 despite the coronavirus pandemic. Looking further ahead, it is aiming to capture a 50% share of the medium and large church segments. This is estimated to be worth US$1 billion in annual revenue. Given the quality of its offering and its recent acquisition, I believe it can achieve this goal and drive strong earnings growth over the next decade.

More reading

• A global tech giant wants to challenge Afterpay
• ASX 200 down 0.2%: Afterpay hits a record high, Aristocrat Leisure update disappoints
• Where to invest $20,000 into shares right now
• Why Afterpay, AMA, NRW, & Santos shares are racing higher
• Why I’d invest $1,000 in this ASX tech share today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended PUSHPAY FPO NZX. The Motley Fool Australia owns shares of AFTERPAY T FPO. 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.

The post These ASX payments shares could be long term market beaters appeared first on Motley Fool Australia.

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On Wednesday I looked at three ASX shares that brokers have given buy ratings to this week.

Unfortunately, not all shares are in favour with them right now. Three that have just been given sell ratings are listed below.

Here’s why these brokers are bearish on them:

Computershare Limited (ASX: CPU)

According to a note out of Morgan Stanley, its analysts have retained their underweight rating and $11.00 price target on this share registry company’s shares. The broker notes that Computershare has reaffirmed its guidance for a 20% decline in management earnings per share. While this is being seen as a positive, it still has concerns over falling margin income over the next couple of years due to low interest rates. The Computershare share price is trading at $12.79 today.

TechnologyOne Ltd (ASX: TNE)

Analysts at UBS have downgraded this enterprise software company’s shares to a sell rating with an increased price target of $8.20. The broker has been looking through TechnologyOne’s half year update and notes that its revenue fell a touch short of its expectations. This may make it difficult for it to deliver on its full year expectations. Outside this, the broker has concerns over its lofty valuation. Prior to today, its shares were trading at 51x estimated full year earnings. At the time of writing they are changing hands for $9.70.

Treasury Wine Estates Ltd (ASX: TWE)

A note out of the Macquarie equities desk reveals that its analysts have retained their underperform rating but lifted the price target on this wine company’s shares slightly to $9.60. The broker notes that other wine producers have seen an uptick in demand in China recently. While this is a positive, it does have concerns that Treasury Wine Estates could be hit with tariffs given the frosty Australia-China relationship. The company’s shares are trading at $9.82 this afternoon.

More reading

• The latest ASX stocks hit by broker downgrades today
• ASX 200 down 0.2%: Afterpay hits a record high, Aristocrat Leisure update disappoints
• Why ASX 200 iron ore miners are your best bet for dividends right now
• How to invest $1,000 in ASX 200 shares like Warren Buffett today
• Why I’d invest $1,000 in this ASX tech share today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Treasury Wine Estates 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.

The post Top brokers name 3 ASX 200 shares to sell today appeared first on Motley Fool Australia.

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At lunch on Thursday the S&P/ASX 200 Index (ASX: XJO) looks set to end its winning streak. The benchmark index is currently down 0.2% to 5,562.7 points.

Here’s what is happening on the ASX 200 today:

Afterpay hits 5 million U.S. active customers.

The Afterpay Ltd (ASX: APT) share price hit a record high today after the release of a U.S. update. That update reveals that after launching in the U.S. two years ago, there are now 5 million active customers on its buy now pay later platform in the country. Impressively, the company has experienced a surge in customer additions during the pandemic. Management revealed that 1 million of these active customers have joined during the last 10 weeks.

Aristocrat Leisure half year update.

The Aristocrat Leisure Limited (ASX: ALL) share price is tumbling lower on Thursday after its half year update fell short of expectations. For the six months ended March 31, Aristocrat recorded a 7% increase in operating revenue to $2,251.8 million and a 12.8% decline in normalised NPATA to $368.1 million. Although its top line growth was stronger than expected (due to its Digital business), its NPATA fell well short of Goldman Sachs’ estimate for a 2% decline to $416 million.

Big four banks drop lower.

The big four banks are all trading lower at lunch and acting as a major drag on the ASX 200. The worst performer in the group has been the Westpac Banking Corp (ASX: WBC) share price. The shares of Australia’s oldest bank are down 1% at lunch.

Best and worst ASX 200 performers.

The best performer on the ASX 200 on Thursday has been the NRW Holdings Limited (ASX: NWH) share price with a massive 23% gain. Investors have been buying the infrastructure contractor’s shares after it revealed unaudited revenue of $1.6 billion for the 10 months to April 30. This is greater than any revenue it has achieved during a full 12 months. The worst performer has been the Aristocrat Leisure share price with a 5% decline after its half year update disappointed.

More reading

• ASX 200 mining services share storms 27% higher on record revenue result
• Why Aristocrat Leisure, Bigtincan, Clover, & Megaport shares are dropping lower
• Why Afterpay, AMA, NRW, & Santos shares are racing higher
• The hidden threat to big banks that may be worse than a housing collapse
• Why ASX 200 iron ore miners are your best bet for dividends right now

Motley Fool contributor James Mickleboro owns shares of Westpac Banking. The Motley Fool Australia owns shares of AFTERPAY T FPO. 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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The NRW Holdings Limited (ASX: NWH) share price has popped 27.88% this morning on the back of a positive trading update. The company announced record revenue and pushed forward its interim dividend decision, which had previously been deferred to August.

About NRW Holdings

NRW Holdings is a provider of diversified services to the mining, energy, civil infrastructure and urban development sectors throughout Australia.

The company delivers a wide range of services including civil expertise, contract mining, drill and blast, specialist maintenance, and industrial engineering. 

With this, NRW supports more than 100 projects around Australia. Its client base comprises big ASX names like BHP Group Ltd (ASX: BHP), Rio Tinto Limited (ASX: RIO), and Newcrest Mining Limited (ASX: NCM).

What did NRW Holdings announce?

This morning, NRW revealed its FY20 performance to the end of April remains strong despite the effects of COVID-19. Notably, it has seen no material change to planned activities in its 4 business divisions of civil, mining, drill and blast, and mining technologies.

In terms of financial performance, NRW reported revenue of $1.6 billion for the 10 months to April 2020. This represents record revenue compared to any previous full financial year. For reference, NRW posted $1.1 billion of revenue for FY19.

Meanwhile, earnings before interest, tax, depreciation and amortisation came in at $177 million. This was up 22.9% from FY19, as the company integrates last year’s $116 million BGC Contracting acquisition into its business.

Importantly, NRW also revealed an improvement in net debt, which stood at $115 million at the end of April 2020. This compares to the company’s $154 million net debt position at the end of last year. NRW expects to report much lower debt of around $60 million by the end of FY20 following reviews of equipment rental agreements.

Outlook and interim dividend

NRW noted it is on track to meet its FY20 revenue guidance of $2 billion for the full year. Commenting on the performance of the business, CEO Jules Pemberton said: 

We have had to make significant changes to the way we work but have been able to safely do that whilst supporting our clients to meet project objectives and day-to-day operational requirements.

Importantly for income investors, NRW has resolved to pay its interim dividend of 2.5 cents per share on 9 June 2020. In late March, the company announced its intention to defer this interim dividend, pending a review to be held in August. However, given NRW’s continued strong performance, the review was brought forward.

More reading

• ASX 200 down 0.2%: Afterpay hits a record high, Aristocrat Leisure update disappoints
• Why Afterpay, AMA, NRW, & Santos shares are racing higher
• ASX 200 starts the week strongly, up 1.3%
• 3 ASX commodity opportunities this week
• ASX 200 weekly wrap: Negative oil price breaks ASX’s winning streak

Motley Fool contributor Cathryn Goh has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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If I had $20,000 to invest with right now, there are four ASX shares that I’d want to invest in.

The current coronavirus economic conditions make it hard to know what’s going to happen next. But I believe that society will get through this in the next couple of years. Once we’re through the worst of this the ultra-low interest rates will make shares seem very attractive.

Here are the four shares I’d buy with $20,000 right now:

Pushpay Holdings Ltd (ASX: PPH) – $6,000

I think Pushpay is one of the most promising shares to invest in on the ASX. It’s an electronic donation business which predominately services large and medium US churches. It was on a good growth trajectory before COVID-19, but the current conditions have accelerated that growth.

Being able to electronically donate to your church is very useful in a socially distancing world where cash isn’t ideal. Pushpay’s FY20 was strong and in FY21 the company is expecting earnings before interest, tax, depreciation, amortisation and foreign currency (EBITDAF) to approximately double.

The Pushpay share price has been a strong performer recently, but the increased growth more than makes up for that in my opinion.

Brickworks Limited (ASX: BKW) – $5,000

I think Brickworks is one of the best value ASX 200 shares at the moment. When you take its defensive & reliable assets of its Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) shares and 50% stake of the industrial property trust at book value, you’ll see that combined value essentially supports the Brickworks market capitalisation.

The rest of the business – its building products divisions – come for free. I think that’s a useful way to look at it because construction earnings are going to be down because of the coronavirus impacts.

Until construction comes back, which may be sooner than some expect, investors will get to collect the grossed-up dividend yield of 6.1%.

Magellan Global Trust (ASX: MGG) – $5,000

This is a listed investment trust (LIT) which invests in the best global shares. Some of its top holdings include Alibaba, Alphabet, Atmos Energy, Microsoft, Tencent, Facebook, Visa, Mastercard, Reckitt Benckiser and Novartis.

The LIT is invested in businesses which could prove to be quite defensive in the face of the coronavirus, their growth may even accelerate due to customer habits changing.

Despite the fees, Magellan Global Trust’s net return is impressive and regularly outperforms its global benchmark. Particularly over longer time periods.

As a bonus the LIT is a decent income share, it targets a 4% distribution yield. It’s currently trading at a small discount to its net asset value (NAV).

PM Capital Global Opportunities Fund Ltd (ASX: PGF) – $4,000

This is a listed investment company (LIC) which also invests in global shares. It’s always looking for unloved global shares that could make strong returns.

It’s invested in various ideas such as alternative investment managers, house builders in Europe, resources and others. That translates into share holdings like KKR & Co, Freeport-McMoRan Copper and Cairn Homes.

PM Capital Global Opportunities Fund has an attractive trailing grossed-up dividend yield of 6.3%.

It’s trading at 15% discount to the weekly net tangible assets (NTA) at 15 May 2020.

Foolish share takeaway

I really like all of these shares for different reasons. I think Pushpay could be the strongest performer over the next three to five years, but Brickworks could be very reliable whilst the two global investment businesses offer good portfolios for investors to get exposure to.

More reading

• Save your future self from financial misery
• Why AP Eagers, Lendlease, Pushpay, & ResMed shares are sinking lower
• 3 shares now trading at crazy cheap prices
• Why these ASX shares have just stormed to record highs
• Is the ASX 200 getting too far ahead of itself?

Motley Fool contributor Tristan Harrison owns shares of MAGLOBTRST UNITS, PM Capital Global Opportunities Fund Ltd, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns shares of and has recommended Brickworks, PUSHPAY FPO NZX, and Washington H. Soul Pattinson and Company 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.

The post Where to invest $20,000 into shares right now appeared first on Motley Fool Australia.

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