Month: May 2022

Are you interested in adding some ASX growth shares to your portfolio next month? If you are, you may want to look at the two listed below that have recently been named as buys by analysts.

Here’s what you need to know about these ASX growth shares:

Nitro Software Ltd (ASX: NTO)

The first ASX growth share to look at is document productivity software company Nitro Software. It is the company behind the Nitro Productivity Suite. This product provides integrated PDF productivity and electronic signature tools to customers large and small and continues to grow in demand as the digital transformation accelerates.

Goldman Sachs is a very big fan of Nitro. This is due to its enormous growth potential over the long term. It commented: “We estimate Nitro can increase its TAM penetration from 0.15% to 1.4% by FY40 implying 9x uplift to Nitro’s current revenue base.”

Goldman has a buy rating and $2.35 price target on Nitro’s shares.

Webjet Limited (ASX: WEB)

Another growth share that could be in the buy zone in June is online travel agent, Webjet. After a couple of years of struggles because of the pandemic, a return to profitability is now on the horizon as travel booking volumes approach pre-COVID levels again.

Morgans has been pleased with the progress the company has made during the last two years and highlights that management “hasn’t wasted a crisis.”

It commented: “In our view, WEB hasn’t wasted a crisis and will come out of COVID with a materially lower cost base, consolidated systems and a large business in the US.”

In light of this, the broker recently retained its add rating on the company’s shares with a $6.55 price target.

The post Experts name 2 top ASX growth shares to buy in June appeared first on The Motley Fool Australia.

More reading

• These are the 10 most shorted ASX shares
• What’s boosting the Webjet share price 3% higher on Friday?
• Why is the Nitro Software share price leaping 8% today?
• Up 10% in 9 trading days, what’s going on with the Webjet share price?
• Is the Webjet share price an opportunity that can soar?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Nitro Software Limited and Webjet Ltd. 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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In these volatile times, you may be nursing a portfolio of ASX shares that are looking pretty sick at the moment.

The S&P/ASX 200 Index (ASX: XJO) is down 5.4% so far this year, while it’s been even worse in the United States with the S&P 500 Index (INDEXSP: .INX) losing 13.3%.

And those index drops don’t even tell the story of individual stocks, many of which have fared far worse.

The combination of persistent inflation, rising interest rates, supply constraints, and a war in Europe is killing the market’s morale.

So it’s no wonder the experts can’t agree whether Australia and the US will end up in recession.

Can the central banks engineer a ‘soft landing’ or will everyone feel the cabin rocking?

Given this scary environment, three veteran fund managers were asked to name one stock each they would buy now to put in their bottom drawer.

Here’s what they said at the Future Generation Live event in Sydney last week:

Set to grow double-digits even without reopening recovery

Tribeca portfolio manager Jun Bei Liu picked ear implant maker Cochlear Limited (ASX: COH) as a “quality company that’s been sold off”.

“Earnings have been hurt by the pandemic. They couldn’t operate on new instalments around the world.”

Indeed, the Cochlear share price is still well below its pre-COVID highs, when it reached the $240s. The stock closed Monday at $224.77.

But Liu sees much hope in the medium term.

“Now with the world reopening, the earnings are looking incredibly strong,” she said.

“This company was going to grow double-digits [even] without the recovery earnings, regardless of whether there’s a recession happening.”

Demerger the best thing for everyone

Regal Funds chief investment officer Phil King likes the look of chemicals provider Incitec Pivot Ltd (ASX: IPL).

The company recently announced that it would separate its explosives and fertiliser divisions.

“The demerger’s very positive for both stocks in the long term,” said King.

“Better capital allocation and the management’s a lot more focused.”

Due to the unstable global security situation, he noted fertiliser prices are sky-high. Explosives prices are also rising due to a mining boom.

Creating two smaller companies could also make both more palatable for an opportunistic deal.

“In this environment, we think private equity could be very active,” King said.

“Splitting the company into two, both parts are very bite-sized.”

The Incitec Pivot share price has gained 7% so far this year.

Can this ASX share beat expectations for the first time?

Wilson Asset Management chief investment officer Geoff Wilson favours a stock that’s long been neglected by the market.

But Wilson predicted that, for the first time, engineering firm Worley Ltd (ASX: WOR) would beat analyst forecasts.

“In theory [the share price is] re-rating when it beats market expectations.”

Long-suffering Worley investors will be hoping Wilson is right.

The stock has risen a spectacular 34.5% for the year so far. But over the past five years, it has not performed, gaining only just over 30%.

Earlier this year, Worley’s own shareholders won a legal case against the company, after the full Federal Court agreed that a financial forecast in 2013 was inflated with no “reasonable grounds”.

The post 3 ASX shares to buy in troubled times: expert panel appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Tuesday
• Here are the top 10 ASX shares today
• Why this rich lister is buying ASX dividend shares that ‘pay you to wait’
• Here are the 3 most traded ASX 200 shares on Monday
• ASX 200 midday update: AGL demerger scrapped, A2 Milk jumps

Motley Fool contributor Tony Yoo has positions in Cochlear Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Cochlear Ltd. The Motley Fool Australia has recommended Cochlear Ltd. 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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Ask A Fund Manager

The Motley Fool chats with the best in the industry so that you can get an insight into how the professionals think. In this edition, Shaw and Partners senior investment advisor Adam Dawes gives us a trio of hot buy tips.

Investment style

The Motley Fool: How would you describe your services to a potential client?

Adam Dawes: I work for Shaw and Partners, but I’m a stockbroker dealing with clients to talk about their financial wealth, increase their financial wealth, and look after their investment needs. It’s pretty simple.

MF: Do you have a particular investment philosophy?

AD: Our investment philosophy is always looking at the best companies that sit inside the ASX or the S&P/ASX 300 (ASX: XKO). But then having a little bit more alpha to try and find some of those smaller companies that are really going to excite clients’ portfolios. 

But generally sticking to that main portfolio side of things, then just trying to find some of those smaller stocks that’ll outperform over the longer period.

MF: The horizon sounds more longer term than short?

AD: Well, it is longer term. I think you have to be, in investing. 

People, they want to be rich in a year’s time. And I say, “Well, I’m not that kind of advisor.” 

Hottest ASX shares

MF: What are the three best stock buys right now?

AD: Okay. So for one, we really like Wesfarmers Ltd (ASX: WES) at the moment. There’s a lot of talk obviously about not just the consumers’ discretionary side of the business, but the other businesses that they do hold, which is lithium battery technology and those kinds of things. So I think that’s going to definitely do that well. 

We’ve seen the market upgrade numbers on Wesfarmers the other day. So I think [it’s a] good quality blue-chip stock. I think that one is a good buy at the moment.

MF: The share price has come down a bit, hasn’t it?

AD: Yeah, it certainly has. So that’s why I think there’s some definite value there at the moment. 

Talking about prices that have come down, so there’s [also] Xero Limited (ASX: XRO). Looks really, really good. Down here, it’s $87, $88 wherever it is today. 

I think that’s certainly one of those ones, those technology stocks that have been belted over 40% and look pretty good going forward. 

My third one is a small speculative stock, which is one I hold myself. It’s a company called Terracom Ltd (ASX: TER), and it’s a coal stock.

This one, obviously coal’s a little bit on the nose at the moment, but it’s certainly a very interesting business.

MF: The share price has gone spectacularly well this year.

AD: Yeah, it has. We got a lot of clients in at 50 cents and will continue to do well because, basically, they’ve just paid down all of their debt that they’ve had over the last two to three years. That’s all been paid off now. 

And they’ve talked about coming back out to the market about being a dividend-paying stock going forward. 

Now you never buy a resource stock for dividends, but Terracom is looking to pay some fairly hefty dividends going closer to the end of the financial year and to the end of the calendar year. And they own a mine called Blair Athol, which is an ex Rio Tinto Limited (ASX: RIO) mine. And, certainly, with coal prices where they are at the moment, it’s a good little business to own, going forward.

MF: How are you feeling about the coal price though? The higher it is, could you argue that there’s more scope to fall?

AD: Well, if you take out Russia and Ukraine. I don’t know about you, but I don’t think that’s going to get resolved anytime soon. That’s certainly something that will keep the coal price higher. 

Obviously, the world is moving towards a coal-free or moving towards a greener energy stance. But in that interim, coal is definitely needed to power India, to power a lot of countries around the world. 

People like having cheap energy and we’re not seeing that at the moment. That’s certainly something that I think overall is going to be pretty tough. So I think that will definitely mean that things will continue to support the coal price, going forward.

The post 3 ASX shares I’m telling my clients to buy: advisor appeared first on The Motley Fool Australia.

More reading

• Why these ASX coal shares could be ‘bigger than Ben-Hur’: fundie
• Xero share price charges higher: Can this tech share keep rising?
• 5 things to watch on the ASX 200 on Monday
• Here’s why I think these 2 ASX growth shares are top buys in May
• 3 ASX dividend shares I’d buy as a new investor

Motley Fool contributor Tony Yoo has positions in Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Xero. The Motley Fool Australia has positions in and has recommended Wesfarmers Limited and Xero. 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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Are you looking for ASX 200 dividend shares to buy? If you are, then you might want to look at the ASX shares listed below.

Here’s why analysts think these ASX dividend shares could be worth considering right now:

Super Retail Group Ltd (ASX: SUL)

The first ASX 200 dividend share that could be in the buy zone is Super Retail. It is the retail group responsible for the BCF, Macpac, Rebel, and Supercheap Auto brands.

Analysts at Citi remain very positive on the company and appear to believe recent weakness in the Super Retail share price could be a buying opportunity. The broker has a buy rating and $14.00 price target on the company’s shares.

It said: “Super Retail’s [Q3] trading update demonstrated continued strength in sales, particularly in Supercheap Auto and BCF. We continue to view the market’s concerns about Super Retail’s elevated inventory position to be significantly overplayed given these strong sales trends, likely minimal risk of ageing given where the inventory is held and management’s perspective on the risks to its supply chain.”

As for dividends, Citi is expecting fully franked dividends of 66 cents per share in FY 2022 and 64 cents per share FY 2023. Based on the latest Super Retail share price of $9.61, this will mean yields of 6.9% and 6.7%, respectively, for investors.

Telstra Corporation Ltd (ASX: TLS)

Another ASX dividend share that could be in the buy zone is Telstra.

Analysts at Morgans rate the telco giant highly, particularly given its increasingly positive outlook after almost a decade of struggles. This is being underpinned by the highly successful execution of its transformative T22 strategy and the impending growth-orientated T25 strategy.

In addition, Morgans believes that the sum of Telstra’s parts is more than what the Telstra share price implies. It currently has an add rating and $4.56 price target on the company’s shares.

The broker said: “Industry dynamics have turned positive (NBN and mobile prices are increasing after 5 years of decline; TLS’s targets imply they continue to rise). The SOTP for TLS is worth more than the current share price (and steps to release this value are underway; albeit timing is unclear).”

In respect to dividends, Morgans continues to expect fully franked dividends per share of 16 cents for FY 2022 and FY 2023. Based on the current Telstra share price of $3.93, this implies yields of 4.1%.

The post Analysts name 2 ASX 200 dividend shares to buy now appeared first on The Motley Fool Australia.

More reading

• Experts say these 2 ASX dividend shares are buys
• Why are ASX 200 retail shares climbing on Friday?
• Are these 3 ASX 200 shares trading around 52-week lows a buying opportunity?
• These 3 shares are topping the ASX 200 volume charts on Wednesday
• Is Telstra an ASX 200 share worth owning right now?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Telstra Corporation Limited. The Motley Fool Australia has recommended Baby Bunting. 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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On Monday, the S&P/ASX 200 Index (ASX: XJO) was a very strong performer and raced notably higher. The benchmark index rose 1.45% to 7,286.6 points.

Will the market be able to build on this on Tuesday? Here are five things to watch:

ASX 200 expected to edge lower

The Australian share market looks to have run out of steam and is expected to edge lower on Tuesday. According to the latest SPI futures, the ASX 200 is poised to open the day 8 points or 0.1% lower. Wall Street was closed for a public holiday, but European markets charged higher on news that China is relaxing its COVID restrictions.

Crown fined

Crown Resorts Ltd (ASX: CWN) has been hit with a hefty fine from the Victorian Gambling and Casino Control Commission (VGCCC). In relation to the China UnionPay process, the VGCCC has imposed a fine of $80 million on Crown Melbourne. The VGCCC has also indicated it continues to consider “further disciplinary proceedings against Crown related to the other findings of the Royal Commission, which may each attract a fine of up to $100 million.”

Oil prices charge higher

Energy producers such as Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a good day after oil prices charged higher overnight. According to Bloomberg, the WTI crude oil price is up 1.8% to US$117.17 a barrel and the Brent crude oil price has risen 1.9% to US$121.72 a barrel. Oil prices rose ahead of an EU meeting on Russian sanctions.

Gold price edges higher

Gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could have a subdued day after the gold price edged slightly higher overnight. According to CNBC, the spot gold price is up 0.05% to US$1,852.5 an ounce. Traders appear undecided on where gold is going next following recent US inflation data.

Appen rated neutral

The Appen Ltd (ASX: APX) share price could be fully valued according to analysts at Bell Potter. The broker has retained its hold rating and cut its price target to $6.50. Bell Potter was disappointed with Appen’s trading update and has downgraded its earnings estimates for the coming years to reflect its poor performance.

The post 5 things to watch on the ASX 200 on Tuesday appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX shares today
• Why this rich lister is buying ASX dividend shares that ‘pay you to wait’
• Here are the 3 most traded ASX 200 shares on Monday
• Why Appen, Elders, Predictive Discovery, and Yancoal shares are dropping
• Why is the Santos share price sliding on Monday?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Appen Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. 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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Are you interested in adding some ASX growth shares to your portfolio next month? If you are, you may want to look at the two listed below that have recently been named as buys.

Here’s what you need to know about these ASX growth shares:

Breville Group Ltd (ASX: BRG)

The first ASX growth share to look at is Breville. It is a leading appliance manufacturer which have been growing at a solid rate for years.

The good news is that thanks to a combination of favourable industry tailwinds, its investment in research and development, and ongoing global expansion, Breville has been tipped to continue its strong growth over the coming years by the team at Morgans.

In fact, it believes Breville “is positioned to deliver double-digit sales growth consistently over the next few years as it grows its market share, notably in geographies into which it has recently launched.”

As a result, the broker currently has an add rating and $32.00 price target on its shares.

IDP Education Ltd (ASX: IEL)

Another ASX growth share that could be a buy is IDP Education. It is a provider of international student placement services and English language testing services.

IDP appears well-placed for growth as the global economy reopens from the pandemic and students start travelling again. In addition, recent acquisitions have strengthened its market position and look set to support its growth. Particularly in the key India market where demand for language testing is strong.

Analysts at Goldman Sachs are very bullish on the company’s outlook thanks to structural growth in international student volumes and IELTS testing demand. Its analysts are forecasting a “68% 3yr EPS CAGR (FY21-FY24E).”

Goldman currently has a buy rating and $35.50 price target on the company’s shares.

The post 2 top growth shares experts are tipping as buys in June appeared first on The Motley Fool Australia.

More reading

• 2 ASX growth shares to buy this month: experts
• Potential buys from experts: 2 compelling ASX shares
• Leading brokers name 3 ASX shares to buy today
• Top brokers name 3 ASX shares to buy next week
• Here are 2 ASX growth shares experts have named as buys

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Idp Education Pty Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. 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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Today, the S&P/ASX 200 Index (ASX: XJO) backed up its big performance on Friday with another sensational showing. At the end of the session, the benchmark index finished 1.45% higher at 7,286.6 points.

Nearly every sector was sitting in the positive camp at the end of Monday… nearly. The scrapping of plans to split AGL Energy Limited (ASX: AGL) and a refresh of the board was met with selling pressure. In turn, the entire utilities sector was in the red on the ASX today.

At the other end of the spectrum, tech shares gained steam, finishing the day as the best performing sector. Following closely behind were materials, with strong rallies across companies involved in mining battery metals.

However, the question is: which shares delivered the biggest returns to investors on the ASX today? Here are the top ten stocks that came through for investors:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, Novonix Ltd (ASX: NVX) was the biggest gainer today. Shares in the battery technology company were catapulted 10.99% above their previous close despite no company-specific announcements. Find out more about Novonix here.

The next best performing ASX share across the market today was Block Inc (ASX: SQ2). The US-based fintech giant ascended on Friday night during trading on its local exchange. As a result, the ASX counterpart enjoyed a push higher today. Uncover the latest Block details here.

Today’s top 10 biggest gains were made in these ASX shares:

ASX-listed company	Share price	Price change
Novonix Ltd (ASX: NVX)	$4.14	10.99%
Block Inc (ASX: SQ2)	$129.85	10.89%
The a2 Milk Company Ltd (ASX: A2M)	$4.77	10.42%
Magellan Financial Group Ltd (ASX: MFG)	$16.14	8.47%
Idp Education Ltd (ASX: IEL)	$24.95	7.54%
Netwealth Group Ltd (ASX: NWL)	$13.25	6.09%
Johns Lyng Group Ltd (ASX: JLG)	$6.01	6.00%
Reece Ltd (ASX: REH)	$16.06	5.45%
Core Lithium Ltd (ASX: CXO)	$1.375	5.36%
Liontown Resources Ltd (ASX: LTR)	$1.39	5.30%

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

The post Here are the top 10 ASX shares today appeared first on The Motley Fool Australia.

More reading

• Why this rich lister is buying ASX dividend shares that ‘pay you to wait’
• Here are the 3 most traded ASX 200 shares on Monday
• Why is the Novonix share price leaping 10% on Monday?
• 3 ASX 200 shares off to a cracking start to the week
• Why Alkane Resources, Block, Bubs, and Telix shares are storming higher

Motley Fool contributor Mitchell Lawler has positions in Block, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Block, Inc., Idp Education Pty Ltd, Johns Lyng Group Limited, and Netwealth. The Motley Fool Australia has positions in and has recommended Block, Inc. and Netwealth. The Motley Fool Australia has recommended A2 Milk and Johns Lyng Group Limited. 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 the Dogecoin (CRYPTO: DOGE) price was pulling a yoga pose, it would be the downward dog. Because that’s where it has been heading during May.

Despite a sprinkling of positive news items for the Shiba Inu dog-inspired cryptocurrency, it simply has not been enough to counter the widespread negative sentiment. Ultimately, gravity has dragged this little doggy down 37% since the beginning of the month. For context, the market capitalisation of the global crypto market retracted by 28% in May.

So, what steered the Dogecoin price off track?

Fed bites after barking

While it might have been a difficult month for Dogecoin ‘hodlers’ (the term for those who buy and hold crypto), the pain was felt across the board for cryptocurrency investors. This, in conjunction with the lack of Dogecoin-specific negative events, suggests that the trajectory was more of a macroeconomic influence.

Demonstrating its resolve to bring inflation back in line, the US Federal Reserve raised interest rates by 50 basis points to 0.75% earlier this month. At the same meeting, the United States’ central bank informed onlookers that it won’t hesitate to jack up rates further to calm inflation.

The decision sent a shock down the spine of investors in the riskier end of town. Consequently, tech stocks and cryptocurrencies began their descent via the elevator.

As pictured above, the Dogecoin price has underperformed its larger peers: Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). However, the general trend is shared across all three following the Fed’s decision to increase interest rates.

As a result, news of Dogecoin being adopted by luxury fashion brand Gucci throughout the month failed to gain traction.

Dogecoin price snapshot

Unfortunately, the Dogecoin price hasn’t received any pampering so far this year. Investors of the meme coin are now down 50% since the year kicked off. For comparison, Bitcoin has held onto more of its value, only falling 35% over the same timeframe.

The post Down 37%, it’s been a dog of a month for the Dogecoin price in May, here’s why appeared first on The Motley Fool Australia.

More reading

• Why Bitcoin, Dogecoin, and Shiba Inu are falling today
• Looking to spend your crypto? Here are 5 things you can buy in 2022
• Why Ethereum and Dogecoin are recovering nicely today
• Why Bitcoin, Ethereum, and Dogecoin are falling today
• Crypto crash: Why Bitcoin, Ethereum, and Dogecoin are struggling again

Motley Fool contributor Mitchell Lawler has positions in Bitcoin, Ethereum and Dogecoin. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Bitcoin and Ethereum. The Motley Fool Australia has no position in any of the stocks mentioned. 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 Macquarie Group Ltd (ASX: MQG) share price has underperformed so far this month.

The S&P/ASX 200 Index (ASX: XJO) giant’s stock has slumped 8.73% since the end of April. As of Monday’s close, the Macquarie share price is $188.12.

For context, the ASX 200 has dipped just 2.08% this month while the S&P/ASX 200 Financials Index (ASX: XFJ) has dropped 1.59%.

So, what’s been weighing on the banking major’s stock this month? Let’s take a look.

What’s been going wrong for Macquarie this month?

The Macquarie share price has been struggling following the release of disappointing full year results earlier this month.

It was a result that many ASX companies would be envious of. The investment banking giant reported its net profit had jumped 56% to around $2.66 billion over the 12 months ended 31 March. Its total operating income also rose 36% to approximately $17.32 billion.

Finally, Macquarie offered shareholders a fully franked $3.50 final dividend for the period – a 40% increase on that of the prior period.

However, its seemingly strong result wasn’t enough to impress the market.

The Macquarie share price tumbled 7.78% on 6 May – the day on which its results were released. To add salt to the wound, it slipped another 3.68% over the following two sessions.

As The Motley Fool Australia reported at the time, Goldman Sachs expected more from the ASX 200 monolith.

It expected Macquarie to report $2.8 billion of profits and a $4.40 per share dividend.

Unfortunantly, the Macquarie share price hasn’t been able to make up the ground lost during the first few weeks of this month just yet.

Though, it has gained nearly 5.5% over the last two sessions. At least that points to the stock potentially ending the month on a high.

Macquarie share price snapshot

The Macquarie share price is currently 8% lower than it was at the start of 2022.

Though, it has gained 23% since this time last year.

The post Why has the Macquarie share price lost ground in May? appeared first on The Motley Fool Australia.

More reading

• Brokers name 3 ASX shares to buy today
• The ANZ share price is ‘trading at its largest discount to its peers in 15 years’: Is this justified?
• Broker names 2 ASX 200 shares with major upside potential
• ASX shares paid out a record $98b in dividends in the 12 months to March. Which are the star performers?
• What’s going on with the Challenger share price today?

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs. The Motley Fool Australia has recommended Macquarie Group Limited. 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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With the recent gyrations of both the S&P/ASX 200 Index (ASX: XJO) and global share markets, it’s certainly a time when investors have to think carefully about which ASX shares to buy. Shares of all shapes and sizes have been going through a period of intense volatility recently, and this can be confusing and anxiety-inducing for many investors.

So in times like these, it can be a good idea to take stock of what the ASX’s experts are doing. And who better to seek investing inspiration from than the richest investors out there.

So let’s check out where AFR Rich Lister Robert Whyte is putting his cash right now. As reported in the Australian Financial Review (AFR) this week, Mr Whyte is a share market and property investor. This year’s Rich List put him at a new worth of $925 million.

This rich lister is buying ASX dividend shares…

Mr Whyte has been through five recessions in his investing career. According to Whyte, getting through those recessions required an understanding that “markets revert and patience is rewarded”.

Today, he is anticipating “a tough two years” in light of rising inflation, which he describes as “out of control”.

As such, Whyte is “putting some investments on the sidelines”, instead, favouring those investments that “pay you to wait”:

At this point in the cycle doing nothing and being a rabbit in the headlights doesn’t work. You still have to make active decisions. Mine are to stay in cash, buy some dividend producing stocks, review the portfolio but don’t make decisions that involve risk in a market where you don’t know where the risk is going…

We are not in a hurry to reduce our cash position, which at some point, will enable us to buy growth at hopefully better prices. It’s all about the entry point. We are in income-producing opportunities, including selective shareholder-friendly retailers and banking stocks, which may have lower growth but you are paid to wait through dividends.

Among these ASX dividend shares, Whyte identifies Harvey Norman Holdings Limited (ASX: HVN) as a “boring stock” he is favouring right now. In addition, Whyte also reckons miners like BHP Group Ltd (ASX: BHP) are also worth a look.

Dividend shares become particularly attractive to some investors during high periods of inflation because of that ongoing yield a dividend can provide. So it’s perhaps no surprise that a professional investor like Whyte is looking for strong ASX dividend shares right now.

The post Why this rich lister is buying ASX dividend shares that ‘pay you to wait’ appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most traded ASX 200 shares on Monday
• Leading brokers name 3 ASX shares to buy today
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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Harvey Norman Holdings Ltd. The Motley Fool Australia has positions in and has recommended Harvey Norman Holdings Ltd. 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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