Three undervalued stocks to buy now

Get rich slowly by finding three good-quality companies, then sit back and wait for the price to fall, says professional investor Gary Channon.

Each week, a professional investor tells us where he'd put his money. This week: Gary Channon, Aurora Investment Trust plc.

Long-term investors don't need to concern themselves with short-term or even medium-term moves in stocks or the overall equity market. It's far better to get rich slowly by identifying a very good company, then sitting back and waiting for the share price to fall far below what you think the company is worth (perhaps because of negative sentiment, or a short-term issue hitting the share price).

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Gary Channon

Chief investment officer of Phoenix Asset Management Partners