Exchange traded funds (ETFs) can be great additions to a balanced portfolio.

That’s because they provide investors with easy access to a large and diverse number of different shares that you wouldn’t ordinarily have access to.

But which ones would be top options for investors right now? Listed below are three tech ETFs that could be worth considering:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The first ETF to look at is the BetaShares Asia Technology Tigers ETF. This ETF tracks the performance of the 50 largest technology companies, or Tigers, that have their main area of business in Asia (excluding Japan). This means you’ll be buying shares in the likes of Alibaba, JD.com, Pinduoduo, Samsung, Taiwan Semiconductor, and Tencent Holdings. With these companies revolutionising the lives of billions of people in the region, they have been tipped to have very bright futures. And with China reopening from the pandemic, now could be the time to pounce.

BetaShares Global Cybersecurity ETF (ASX: HACK)

Another tech focused ETF for ASX investors to look at is the BetaShares Global Cybersecurity ETF. As we saw last year with the hacks of Medibank Private Ltd (ASX: MPL) and Optus, cybersecurity has become incredibly important for businesses. As a result, it is no surprise to learn that the industry is tipped to grow materially in the future. This bodes well for the HACK ETF and the companies held by it. This includes leading cybersecurity players such as Accenture, Cisco, Cloudflare, Crowdstrike, Fortinet, Okta, Palo Alto Networks, and Splunk.

BetaShares NASDAQ 100 ETF (ASX: NDQ)

A third and final tech ETF for investors to consider is the very popular BetaShares NASDAQ 100 ETF. It gives investors access to many of the highest quality tech companies in the world. This includes the likes of Alphabet, Amazon, Apple, Meta, Microsoft, Netflix, and Tesla. And with many of these shares still down materially from their highs, now could be a great time to make a patient long term investment in the ETF.

The post 3 top tech ETFs for ASX investors to buy right now appeared first on The Motley Fool Australia.

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More reading

• Hedged or unhedged: Which ASX ETF do I buy?
• Here are 3 quality ETFs for ASX investors to buy right now
• Does the BetaShares Nasdaq 100 ETF share price fall make it a no-brainer buy?
• These top ETFs could be great options for beginner ASX investors
• Growth and income: 2 excellent ETFs for ASX investors to buy this month

Motley Fool contributor James Mickleboro has positions in BetaShares Nasdaq 100 ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended BetaShares Nasdaq 100 ETF. The Motley Fool Australia has positions in and has recommended BetaShares Nasdaq 100 ETF. The Motley Fool Australia has recommended VanEck Vectors Video Gaming And eSports ETF and Betashares Capital – Asia Technology Tigers Etf. 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 Novonix Ltd (ASX: NVX) share price finished Friday’s session down a nasty 4.75% to $1.505. It was well below the performance of the S&P/ASX All Ordinaries Index (ASX: XAO) which closed 0.86% lower.

Over the past 12 months, the battery technology and materials company has lost 73.4% of its value.

But we should probably break this performance down into two parts.

In 2022, the Novonix share price fell by 84%. In 2023, it’s up 6%.

Why is the Novonix share price rising in 2023?

There’s been little price-sensitive news relating to this ASX tech share so far this year.

The last significant news was Novonix’s quarterly activities report for December, which was released on 31 January. Investors weren’t thrilled and the Novonix share price fell 6.2% on the day to close at $1.815.

So, without any positive news to explain why the Novonix share price is up, we can assume the stock is simply riding the wave of new momentum in the share market in 2023.

The S&P/ASX All Ordinaries Index (ASX: XAO) is up 6% year to date along with the Novonix share price.

What’s the latest news from Novonix?

As my colleague Brooke reported, the December activities report revealed that Novonix had spent US$18 million during the quarter while taking in just US$2.17 million in receipts.

But the company was left with a $99 million cash balance, which it estimated would give it 11 quarters of funding.

On the positive side, Novonix has reported several advancements in its operations in Canada and the United States.

The company officially opened its cathode pilot facility in Canada and is now testing its all-dry cathode synthesis technology there.

Novonix is also expanding its Riverside facility in Chattanooga, Tennessee with the help of a US$150 million grant from the US Department of Energy. The aim is to produce 10,000 tonnes of synthetic graphite anode materials per annum.

In 2024, Novonix will begin exclusively supplying graphite anode materials to US company KORE Power.

The deal between Novonix and KORE is the first large-volume graphite contract between a US company and a US-based supplier. Therefore, it has broader significance in the context of America trying to establish a domestic battery supply chain to service the burgeoning US electric vehicles (EVs) market.

According to BloombergNEF, more than 50% of new car sales in the US will be EVs by fiscal 2030.

The five-year deal will begin with Novonix supplying 3,000 tonnes of graphite anode materials to KORE in 2024.

The post Down 70% in a year, what’s next for beaten-up Novonix shares? appeared first on The Motley Fool Australia.

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More reading

• 3 reasons I won’t touch the ‘cheap’ Novonix share price with a bargepole!
• Why is the Novonix share price having such a stellar end to the week?
• Up 35% so far in 2023, is the Novonix share price on the road to recovery?
• Novonix share price plummets 6% as losses continue
• Here are the top 10 ASX 200 shares today

Motley Fool contributor Bronwyn Allen 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 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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A $1 million portfolio might seem like a far-off dream unless you start by investing an already large sum of money. Though, picking ASX shares with the potential for returns greater than 2,000% over the long term makes this dream much more achievable.

I know… a 20-bagger can sound outlandish — but, rest assured, it is entirely possible. In fact, 14 ASX-listed companies have seen their share prices skyrocket more than 2,000% between 2015 and now. You might recognise some of the ASX shares that fall into this bucket — including Hub24 Limited (ASX: HUB), Pilbara Minerals Ltd (ASX: PLS), and Pro Medicus Ltd (ASX: PME).

But, to tap into opportunities now to build a $1 million portfolio, I think it’s essential to look at the small dogs on the block.

Searching small to make it big with ASX shares

The law of large numbers implies that it can become difficult for big companies to grow at high rates.

Put simply, it is harder to go from $1,000,000 to $2,000,000 than it is to go from $1,000 to $2,000. But in percentage terms, they are the same — both being a 100% increase. Based on this, the greatest growth is plausibly found among the small caps of the market.

Research conducted by Dede Eyesan and Jenga Investment Partners further supports this. In the book titled Global Outperformers, Eyesan looked at companies that returned more than 1,000% during the 10 years between 2012 and 2022.

We briefly explored some other factors: insider ownership, the impact of acquisitions, risk and return of debt, activist campaigns, etc., on page 31.

11/68

— Dede Eyesan (@dede_eyesan) January 3, 2023

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As shown in the extract above, 97% of global outperformers during the reviewed decade started out as small caps — or even smaller. That is some strong evidence to support the smaller end of the market as the best place to go hunting for a chance at a $1 million portfolio.

Where I’d shoot for a million

There are two ASX shares that I believe tick the boxes needed for massive upside.

Both companies operate in large addressable markets and are in the midst of structural tailwinds. Furthermore, both have delivered exceptional revenue growth, increasing more than tenfold over the past five years.

The first company I’d consider is counter-drone equipment maker Droneshield Ltd (ASX: DRO). A $10 billion market opportunity — combined with a track record of growth, a foot in the door with the world’s biggest defence spender, and a geopolitical environment conducive to greater protection measures — Droneshield has a lot to like.

It’s still early days. Though, Droneshield’s continued product development leads me to believe this company could take a considerable slice of a market that is becoming increasingly relevant.

Shares in the company are already up 88% over the last 12 months.

The other ASX share which I think could be primed for remarkable returns is Alcidion Group Ltd (ASX: ALC).

In my opinion, healthcare costs are reaching a breaking point globally. The cost of care is spiralling toward an amount that exceeds what the taxpayer can shoulder. At the same time, the rising cost of living could be forcing more people into the public system.

That’s why I think digital patient management solutions — like those provided by Alcidion — are going to become critical to increasing productivity and controlling costs.

The company is not yet profitable. However, revenue has grown at a compound annual growth rate (CAGR) of 69% over the past four years. Given the scalability of its product, attractive profits could be simply a matter of time for this ASX share.

Shares in Alcidion are down 40% over the last 12 months.

The post ASX shares: Invest in these 2 stocks for a legit chance at $1 million appeared first on The Motley Fool Australia.

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More reading

• Why is the DroneShield share price halted on Thursday?
• 3 ASX All Ordinaries shares getting hammered on quarterly updates

Motley Fool contributor Mitchell Lawler has positions in Pro Medicus. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Alcidion Group, DroneShield, Hub24, and Pro Medicus. The Motley Fool Australia has positions in and has recommended Hub24 and Pro Medicus. The Motley Fool Australia has recommended Alcidion Group and DroneShield. 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 S&P/ASX 200 Index (ASX: XJO) stock could be a very effective choice for passive income. I’m going to talk about Macquarie Group Ltd (ASX: MQG) shares.

The ASX financial share has done a good job at growing earnings and the dividend since the GFC by diversifying and growing segments of the business that can deliver consistent earnings.

Higher earnings have helped grow the Macquarie share price – over the past five years it’s up 85%.

How to make $1,000 of monthly income from Macquarie shares

There are very few ASX stocks that pay monthly. I think it’s better to think of a monthly income as an annual amount that can be divided equally into 12.

To make $1,000 a month, we need to generate $12,000 of annual dividend income.

In FY23, according to Commsec, Macquarie is expected to pay an annual dividend per share of $6.78, not including the effect of franking credits. That’s a cash dividend yield of 3.6%.

If we owned 1,770 Macquarie shares, then we’d receive $12,000 of annual passive income of dividends in cash. The franking credits would be a bonus on top of that.

The current Commsec forecasts for Macquarie suggest that the dividend could be increased to $6.80 per share in FY24. At the current Macquarie share price, that suggests the ASX 200 stock could pay an FY24 cash dividend yield of 3.6%.

There could be another dividend increase in FY25. Commsec numbers currently predict a dividend per share of $7.20. That’s a possible forward cash dividend yield of 3.8%.

If we think about FY25’s payout, investors would only need to own 1,667 Macquarie shares to get $12,000 of annual dividends.

How is the ASX 200 stock performing?

The latest update that investors have seen was the quarterly update for the three months to 31 December 2022.

It said that varied conditions for its diverse businesses resulted in a good quarter.

Macquarie said that net profit after tax (NPAT) for the nine months to 31 December 2022 was “slightly up” on the nine months to 31 December 2021.

The cause for the profit increase was that its commodities and global markets (CGM) business profit was “up substantially” in the latest quarter, driven by commodities, including gas and power contributions across all regions.

Macquarie remains well capitalised, with a group surplus of $12.5 billion.

At the current Macquarie share price, the ASX 200 stock is valued at under 15 times FY23’s estimated earnings.

The post For $1,000 in monthly passive income, buy 1,770 shares of this ASX 200 stock appeared first on The Motley Fool Australia.

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More reading

• Buy these ASX dividend shares next week: experts
• 5 ASX 200 shares I would buy if I was starting from scratch: expert
• Forget term deposits! I’d listen to Warren Buffett and invest $250 a month to try to retire rich
• Macquarie has these ASX 200 dividend shares in its income portfolio
• These ASX 200 shares are top picks in Macquarie’s growth portfolio

Motley Fool contributor Tristan Harrison 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 Macquarie Group. 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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