Day: 9 May 2023

Brainchip Holdings Ltd (ASX: BRN) shares are having another poor session on Tuesday.

In afternoon trade, the struggling semiconductor company’s shares are down 2% to 42 cents.

This means that Brainchip shares are now down 44% since the start of the year.

That’s despite its shares recently rebounding from a 52-week low of 35 cents.

Where next for Brainchip shares?

Unfortunately, given that no major brokers cover Brainchip, which is highly unusual for an ASX 200 stock and a potential red flag, it is difficult to say where its shares are heading from here.

However, with a market capitalisation approaching $750 million and quarterly cash inflows of just US$40,000 during the last quarter, clearly there is scope for its shares to come crashing down to earth.

And while it is fair to say that some companies are valued on their potential rather than their earnings, Brainchip has not demonstrated that it has the ability to deliver on any supposed potential.

If you trace the Brainchip story back long enough, you will find countless times where the company believed it was on the cusp of making it big in a huge market. But all its announcements led to nothing.

Unfortunately, there’s nothing to say that it will not be the case again this time around. Particularly after, in many respects, the company recently admitted that the much-hyped original Akida platform was not good enough for its target market.

If the same happens with the new Akida platform, it wouldn’t be surprising to see Brainchip shares fall materially.

All eyes will be on Brainchip later this month when management comes face to face with its shareholders at its annual general meeting. It certainly will be interesting to see if shareholders vote in favour of the very generous share issues after its abject performance.

The post Just how much further can BrainChip shares fall? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Who owns BrainChip shares right now?
• 3 ASX 200 stocks I’ll be watching like a hawk in May
• Why Aeris, Brainchip, Pointsbet, and Syrah shares are falling today
• Why did the BrainChip share price crash 16% today?

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 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 S&P/ASX 200 Index (ASX: XJO) is having a subdued session on Tuesday. In afternoon trade, the benchmark index is down 0.2% to 7,262.3 points.

Four ASX shares that are not letting that hold them back today are listed below. Here’s why they are rising:

Arafura Rare Earths Ltd (ASX: ARU)

The Arafura Rare Earths share price is up 2% to 41.8 cents. This morning, FYI Resources Ltd (ASX: FYI) revealed that it has signed a non-binding co-operation agreement with Arafura to investigate the joint development of the Minhub Mineral Sands Processing facility in Australia’s Northern Territory.

Imugene Limited (ASX: IMU)

The Imugene share price is up 6% to 12.2 cents. This is despite there being no news out of the immuno‐oncology company since last week. That announcement was that its onCARlytics technology was featured in an abstract ahead of the American Society of Gene and Cell Therapy’s Annual Meeting on 16 May to 20 May. That event is getting closer.

Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price is up 1.5% to $4.66. Investors have been buying Pilbara Minerals and other ASX lithium shares today amid optimism that prices of the battery making ingredient are rebounding.

Worley Ltd (ASX: WOR)

The Worley share price is up 2% to $16.33. This follows the release of the engineering company’s investor day presentation. At the event, Worley revealed that its expectations for FY 2023 remain consistent with the outlook presented with its half-year results. It also advised that its pipeline was up 36% year-to-date at the end of March. Another positive is that sustainability wins were up 115% on the prior corresponding period year-to-date.

The post Why Arafura Rare Earths, Imugene, Pilbara Minerals, and Worley are charging higher appeared first on The Motley Fool Australia.

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More reading

• 2 ASX All Ords shares defying Tuesday’s slump to crack multi-year highs
• What’s with ASX 200 lithium stocks today?
• Up 6%, guess which ASX 200 stock is the best performing so far today
• How big will the Pilbara Minerals dividend be next year?
• Here are the top 10 ASX 200 shares today  

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 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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Mention Tesla Inc (NASDAQ: TSLA) shares to any group of active investors and you’re likely to get two strikingly different reactions.

Among my professional investor friends and colleagues, roughly half have been bearish on Tesla shares across the past five years. They believe the company is built on too much hype, most of its surrounding the company’s eccentric billionaire founder Elon Musk.

The bears will also point out that Tesla is valued at more than many international car companies that produce far more vehicles each year.

The other half of the investor crowd takes an almost polar opposite view. And with equal vehemence.

They’ll point out that Tesla shares, which trade at a price-to-earnings (P/E) ratio of 50 times, are priced with future earnings in mind. Indeed, Tesla is investing in numerous technologies of tomorrow, including self-driving cars, its new energy storage ‘Megafactory’ in Shanghai and a range of AI-enabled products. 

And while total vehicle production still lags the likes of Ford and Toyota, Tesla’s first quarter production of some 440,000 vehicles was up 42% year on year. That saw revenue increase 24% to US$23.3 billion.

And in a sign of the company’s international reach, the Tesla Model Y was the best-selling EV in Europe and the United States in the first quarter of 2023.

Which, in an admittedly roundabout way, brings us back to the question at hand.

If I’d invested $10,000 in Tesla shares five years ago, how much would I have today?

Tesla shares offered long-term investors a volatile ride to riches

Before the big reveal, it’s worth noting that most every investor, bear and bull alike, will agree that if you’re holding onto Tesla shares you’ll need to be prepared for some serious volatility.

Here’s what I mean.

If I’d bought $10,000 worth of stock at the beginning of 2022 and sold at the very end of the year I would have lost a painful 65%. In other words, I’d be left with $3,494 of my hard-earned money.

If, on the other hand, I bought shares at the very end of 2022 and was still holding them today, I’d have pocketed a gain of 59%. Meaning my $10,000 investment would now be worth $15,900.

Now, if I’d bought into the pioneering EV producer five years ago, and held them through the 2022 retrace and the 2023 rebound, I would have seen those Tesla shares gain a stellar 756%.

That would see my $10,000 investment balloon into $85,600.

So, are Tesla shares still a good buy at today’s price?

That depends on which group of investors you ask!

The post If I’d invested $10,000 in Tesla shares 5 years ago, guess how much I’d have today appeared first on The Motley Fool Australia.

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More reading

• Own Core Lithium shares? Here’s why the miner backed off its Tesla deal
• Why did the Tesla share price tumble by nearly 10% last night?
• Why have investors fallen out of love with Lynas shares?
• Is it time to sell my Lynas shares after crashing 30% in a year
• 50% fall: Are ASX 200 lithium shares a bargain buy right now?

Motley Fool contributor Bernd Struben 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 Tesla. 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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the day with a small decline. At the time of writing, the benchmark index is down 0.2% to 7,262.3 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are dropping:

Coronado Global Resources Inc (ASX: CRN)

The Coronado Global share price is down 3% to $1.54. While the coal miner lodged its quarterly report with the US SEC today, that doesn’t seem to have been the driver of this decline given its actual quarterly update was released last month. Instead, this decline appears to have been driven by broad weakness in the coal industry today.

Silver Lake Resources Ltd (ASX: SLR)

The Silver Lake share price is down 6% to $1.10. Silver Lake is one of a number of gold miners being sold by investors today ahead of a key inflation reading in the United States. Some investors may be concerned that inflation will still be high and cause more rate hikes. The S&P/ASX All Ordinaries Gold index is down 0.85% this afternoon.

Strike Energy Ltd (ASX: STX)

The Strike Energy share price is down over 3% to 44 cents. That’s despite the energy developer releasing an update on its Eneabba Deep activities. According to the release, Strike has received its final approval for the 128 km Eneabba Deep 2D seismic campaign to delineate the attractive Eneabba Deep prospect.

Tourism Holdings Ltd (ASX: THL)

The Tourism Holdings share price is down over 9% to $3.60. This follows the release of a trading update after the market close on Monday. The recreational vehicle company revealed that it is maintaining its profit guidance for FY 2023. However, it concedes that there will be some risk in meeting its guidance should vehicle sales deliveries delay from Q4 FY23 into July/August 2023.

The post Why Coronado Global, Silver Lake, Strike Energy, and Tourism Holdings shares are dropping appeared first on The Motley Fool Australia.

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More reading

• St Barbara share price jumps 10% on Silver Lake proposal
• Here are the top 10 ASX 200 shares today
• Leading brokers name 3 ASX shares to buy today
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today

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 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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This Tuesday has not been a pleasant one for the All Ordinaries Index (ASX: XAO) and most ASX All Ords shares. At the time of writing, the All Ords is down by 0.24% at just over 7,450 points. But not all All Ords shares are copping punishment today. 

In fact, two such shares have defied the broader market to crack both new 52-week and multi-year highs. Let’s check ’em out.

2 ASX All Ords shares that just hit new multi-year highs today

Worley Ltd (ASX: WOR)

All Ords engineering services share Worley is first up today. Worley shares closed at $16.01 each yesterday, but have climbed as high as $16.26 during this trading session. The company is currently sitting at $16.21 a share, up a healthy 1.25%. 

Not only is $16.26 a new 52-week high for Worley, but it is also the highest the company has been since early 2020. Yes, we have a new, post-COVID high here folks. The Worley share price has had a fairly decent year in 2023 so far, now up around 9.5%. 

Today’s new hires might be a consequence of the business update the company provided this morning as part of an investor day presentation. This informed investors that Worley’s sales pipeline was up 36% year to date, as of 31 March, while bookings were sitting at $9.6 billion. That’s up from $7.5 billion at the same time last year.

Peet Limited (ASX: PPC)

Next, let’s talk about ASX All Ords real estate development company Peet. The Peet share price is also on fire today, currently up an eye-watering 7.63% at $1.27 a share. That’s bang on the company’s new 52-week high, which is also the highest level Peet shares have been at since early 2021:

It puts this All Ords share up an impressive 15.45% in 2023 so far, as well as 17.6% higher over the past 12 months.

This sharp rise today (as well as the new multi-year high) is a bit of a mystery though. There hasn’t been any ASX news out of this All Ords share for almost a month. Yet investors seem to be in new, unconditional love, with the Peet share price appreciating more than 14% over the past month, despite the lack of news.

 

The post 2 ASX All Ords shares defying Tuesday’s slump to crack multi-year highs appeared first on The Motley Fool Australia.

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More reading

• What’s with ASX 200 lithium stocks today?
• How I’d try to turn a $20k ASX share portfolio into a second income of $6,000 a year
• Guess which ASX mining stock is booming 126% on a new lithium discovery
• No savings at 40? Here’s how I’d aim to build a passive income of $3,000 a month
• 3 ASX lithium shares to buy right now: Wilsons

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 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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ASX 200 lithium stocks are outperforming the benchmark index today but have retreated slightly from earlier highs.

Lithium shares in the green today include:

• Allkem Ltd (ASX: AKE) shares are up 2.88% this afternoon to $12.84 a share. In intraday trade, the Allkem share price hit as high as $12.88.
• Pilbara Minerals Ltd (ASX: PLS) shares are rising 1.52% to $4.67. In morning trade, Pilbara shares lifted 3% to $4.74 apiece.
• Core Lithium Ltd (ASX: CXO) shares are even at the time of writing. In earlier trade, Core Lithium shares rose 3.3% to $1.065 a share.
• Mineral Resources Ltd (ASX: MIN) shares are climbing 2.77% to $73.39 a share. In early afternoon trade, Mineral Resources shares hit a high of $73.63 each.
• Sayona Mining Ltd (ASX: SYA) shares are steady at 20 cents each. However, in earlier trade, Sayona shares jumped 2.5%.

In contrast, the S&P/ASX 200 Index (ASX: XJO) is down 0.18% at the time of writing.

Let’s take a look at what is going on with these ASX 200 lithium stocks.

What’s happening?

ASX 200 lithium shares jumped out of the blocks today. They appeared to follow in the footsteps of major lithium players in the United States overnight.

The Livent Corp (NYSE: LTHM) share price climbed 3.1%, while Albemarle Corporation (NYSE: ALB) shares rose 3.44%. Sociedad Quimica y Minera de Chile (NYSE: SQM) shares jumped 1.92%.

The lithium carbonate (99.5% battery grade) price has risen 5.26% to US$27,434.84 on the Shanghai Metals Market. Lithium hydroxide (56.5% battery grade) has also lifted 1.33% to US$27,434.84.

In other big news, Tesla CEO Elon Musk has announced a new Texas lithium refinery.

This will produce enough battery-grade lithium for one million electric vehicles (EV) by 2025.

Musk joined Texas Governor Greg Abbott at the site of the new lithium refinery on Monday, US time, CNBC reported. Tesla is set to invest $375 million to build the refinery, the publication noted.

Increasing lithium refining capacity is critical to a sustainable energy economy—today, we’re breaking ground on our in-house lithium refinery outside of Corpus Christi, TX.

This facility will also prioritize the elimination of a challenging refinery byproduct (sodium sulfate).… pic.twitter.com/mBnDBLNrW7

— Tesla (@Tesla) May 8, 2023

https://platform.twitter.com/widgets.js

Meanwhile, Core Lithium has received a “market weight” rating from the team at Wilsons, The Australian reported today. This is the equivalent to a neutral rating.

Morgan Stanley strategists believe lithium markets could be “at a turning point“, as my Foolish colleague Sebastian noted yesterday. Analysts said:

China carbonate prices have bounced 30 per cent from their lows, and hydroxide prices have rebounded by 20 per cent.

Share price snapshot

The Allkem share price has lifted 13% in the last year and nearly 14% year to date.

Pilbara shares have soared 82% in the last year and nearly 25% year to date.

Core Lithium shares have slid nearly 10% in a year but are up nearly 1% year to date.

Mineral Resources shares have soared 37% in the last year but slid 5% year to date.

Finally, Sayona Mining shares have shed nearly 24% in a year but climbed 7% year to date.

The post What’s with ASX 200 lithium stocks today? appeared first on The Motley Fool Australia.

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More reading

• Down 25% in a year, why this fundie thinks you should buy Sayona Mining shares now
• ‘Buying opportunity’: 2 ASX 200 mining shares ripe to snap up now
• How big will the Pilbara Minerals dividend be next year?
• Here are the top 10 ASX 200 shares today  
• Here are the 3 most heavily traded ASX 200 shares on Monday

Motley Fool contributor Monica O’Shea 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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I have a main job already, but I have a goal of achieving strong dividend income from ASX income shares. If it grows enough, it could be a pleasing second income for me.

There are plenty of ASX blue-chip shares that have quite high dividend yields, such as Commonwealth Bank of Australia (ASX: CBA) and BHP Group Ltd (ASX: BHP). They offer much higher yields than the iShares S&P 500 ETF (ASX: IVV), which only has a 1.35% dividend yield.

Investors can do just fine with an index-tracking exchange-traded fund (ETF) such as Vanguard Australian Shares Index ETF (ASX: VAS).

But, I think there are a group of ASX income shares that can deliver a combination of good dividends and compounding growth.

Building a second income

Metcash Ltd (ASX: MTS) owns brands such as Mitre 10, Home Timber & Hardware, and Total Tools, while supplying businesses such as IGA, Bottle-O and Cellarbrations. It could pay a grossed-up dividend yield of around 8% in FY23 according to Commsec.

Premier Investments Limited (ASX: PMV) has a number of retail brands including Smiggle, Peter Alexander, Just Jeans and Jay Jays. It’s projected to pay a grossed-up dividend yield of around 7% in FY23 according to Commsec.

Shaver Shop Group Ltd (ASX: SSG) owns a network of stores selling hair removal products. It’s valued at just 8 times FY23’s estimated earnings with a grossed-up dividend yield of around 14%.

Adairs Ltd (ASX: ADH) operates three different brands – Mocka, Focus on Furniture and Adairs, selling furniture and homewares. According to Commsec, it’s valued at just 8 times FY23’s estimated earnings with a grossed-up dividend yield of 10.6%.

Bailador Technology Investments Ltd (ASX: BTI) is a tech investment business that is invested in a whole group of fast-growing tech companies. It has an expected grossed-up dividend yield of 7.8% at the current valuation.

If I invested the $20,000 equally between these ASX income shares, meaning $4,000 in each, we’d get an average dividend yield of around 9.5%. In the first year, that would be a cash payment of $1,900. That’s short of my target of at least $6,000, but I wasn’t expecting to be able to make $6,000 passive income from a $20,000 investment – that’d be a yield of 30%.

Long-term dividend re-investment

Compounding can play a key role in the future. Re-investing the dividends we receive can build the portfolio value and dividend income.

Let’s assume I re-invest all the dividends and franking credits, but ignore the effects of dividend growth, share price growth and tax owed to the ATO to keep the calculation as simple as possible.

After 15 years, it could grow into a $78,000 portfolio. The portfolio would only need to yield 7.7% to generate $6,000 of annual passive income. That’d be a solid second income after 15 years, from just the original $20,000.

There’s also a danger that there could be dividend cuts and is worth noting that inflation can hurt the value of that income.

But, hopefully there would be plenty of dividend growth from the names I named above. This could help the second income grow even higher than my back-of-an-envelope calculation.

The post How I’d try to turn a $20k ASX share portfolio into a second income of $6,000 a year appeared first on The Motley Fool Australia.

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More reading

• 2 ASX dividend shares with seriously huge payouts
• Top ASX passive income shares to buy in May 2023
• Retirees: How you could earn $705 a month in ASX dividends with less than $100K in savings
• 2 small-cap shares I rate to beat the ASX 200 in 2023 (and beyond)
• 6 excellent ASX 200 dividend shares that aren’t banks or miners

Motley Fool contributor Tristan Harrison has positions in Bailador Technology Investments. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Adairs and Bailador Technology Investments. The Motley Fool Australia has positions in and has recommended Adairs. The Motley Fool Australia has recommended Bailador Technology Investments, Metcash, Premier Investments, and iShares S&p 500 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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A little-known ASX mining stock is setting the bar high today.

Very high.

The All Ordinaries Index (ASX: XAO) is down 0.29% in afternoon trade, following on weakness in US markets on Friday.

But this junior mining share is up a whopping 126% after reporting on a new lithium discovery.

Any guesses?

If you said Voltaic Strategic Resources Ltd (ASX: VSR), give yourself a gold star. And I hope you held shares before market open today!

With today’s big intraday boost factored in, the ASX mining stock is now up a tidy 160% since this time last week.

Here’s what the company reported this morning.

Lithium discovery spurs investor interest in junior ASX mining stock

Voltaic announced that it has completed its maiden drill campaign at the Andrada prospect, Ti Tree project in Western Australia, ahead of schedule.

The ASX mining stock said it had intercepted several thick (up to 60 metre) pegmatite bodies down-dip from surface, which it labelled “highly encouraging”.

The early stage drilling confirms key structural trends that are associated with favourable lithium, caesium, tantalum (LCT) pegmatoids in close proximity to granitic contacts.

Assays are expected in about six weeks.

Voltaic highlighted the potential to increase the scale of its Andrada prospect. The prospect sits within the 212 square kilometre Ti Tree Project and hosts some 300 mapped pegmatites from surface. So far, less than 10% of the tenure has been explored.

Commenting on the results sending the ASX mining stock soaring today, CEO Michael Walshe said, “We now have a much-improved model of the regional pegmatites at Ti Tree in terms of structure, down-hole continuity and zonation, all of which are critical data for vectoring towards an LCT discovery.”

Walshe added:

Planning is also underway for a follow-up second phase of drilling, and we will soon undertake several surveys including: airborne magnetics / radiometrics, photogrammetry, and gravity.

These programs should significantly increase the number of ‘priority 1’ drill targets at Ti Tree and ensure several months of highly active and material news flow over the remainder of 2023

Voltaic share price snapshot

The ASX mining stock is thinly traded on most days, though today is a notable exception.

With today’s big gains factored in, the Voltaic share price is up 200% in 2023. Or enough to turn a $1,000 investment into $3,000.

The post Guess which ASX mining stock is booming 126% on a new lithium discovery appeared first on The Motley Fool Australia.

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More reading

• No savings at 40? Here’s how I’d aim to build a passive income of $3,000 a month
• 3 ASX lithium shares to buy right now: Wilsons
• Up 6%, guess which ASX 200 stock is the best performing so far today
• Why did Warren Buffett sell this global tech giant after only a few months?
• What’s the outlook for the Zip share price in May?

Motley Fool contributor Bernd Struben 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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How does $3,000 of monthly passive income sound? If you’re anything like me, you’d answer ‘appealing’. That’s why I’ve come up with a plan to build such an income stream by investing in S&P/ASX 200 Index (ASX: XJO) dividend shares.

Aussie stocks offer notably attractive dividend yields. I reckon that by buying a handful of the bourse’s average performers – or an exchange-traded fund (ETF) offering diverse exposure – I could realise such an income stream in just a few decades. And it wouldn’t take a huge nest egg to get started.

Creating – strategy

The first step I’d take on my passive income journey is perhaps the least exciting – budgeting. By creating a budget, I can easily identify what I spend on, where I could cut down on my spending, and how much spare cash I could use to better my financial position every month.

From there, I’d use my spare cash to pay down any high-interest loans and build a small financial safety net. Then, and only then, would I consider buying ASX 200 shares for passive income.

Building a portfolio of ASX 200 dividend shares

Let’s say I found I could easily invest $750 every month.

I reckon that by doing so consistently, starting at age 40, I could boast $3,000 of monthly passive income by the time I reach the Australian retirement age.

What would be my secret weapon? Compounding.

As of the end of April, the average ASX 200 share could pay out 4.61% of its value in the form of dividends each year, according to S&P Global data. That figure is known as a dividend yield.

If I could invest $750 a month, realise a consistent 4.61% yield, and reinvest all the dividends I receive in that time, I think my portfolio could compound to be worth close to $410,000 in 25 years time, before considering any potential share price gains. Take a look:

Years	Amount invested	Portfolio value
1	$9,000	$9,785
5	$45,000	$50,284
10	$90,000	$112,339
15	$135,000	$190,077
20	$180,000	$287,465
25	$225,000	$409,468

Of course, that hinges on receiving a 4.61% dividend yield – a factor I can’t guarantee. Further, my sums fail to consider costs like brokerage fees or any potential tax implications.

However, I don’t believe such costs would eat into my returns at such a rate to make my strategy undeserving.

Realising $3,000 of monthly passive income

So, I’ve built a near-$410,000 portfolio of ASX 200 shares – how do I realise $3,000 of monthly passive income?

Well, there are two strategies I might consider. The first is simply living off dividend income.

A $410,000 portfolio with a 4.61% yield could bring in $18,900 of dividends each year – or $1,575 a month. If I reshuffled my investments into higher-yielding stocks, however, I might earn more passive income.

For instance, $410,000 invested equally across ASX 200 shares Whitehaven Coal Ltd (ASX: WHC) and Harvey Normal Holdings Ltd (ASX: HVN) could bring in $38,100 of annual dividends right now, or $3,174 of monthly passive income.

The stocks boast respective dividend yields of 10.25% and 8.33% at the time of writing.

Another passive income strategy I could consider is the 4% rule. It assumes a portfolio will grow at around 4% each year.

Thus, an investor could theoretically withdraw 4% of their portfolio each year – equating to $16,400 a year, or $1,370 a month, for a $410,000 portfolio.

Though, past performance isn’t an indication of future performance, and no investment is guaranteed to provide returns or protection against downturns.

The post No savings at 40? Here’s how I’d aim to build a passive income of $3,000 a month appeared first on The Motley Fool Australia.

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• Why is everyone talking about IAG shares on Tuesday?
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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 Harvey Norman. The Motley Fool Australia has positions in and has recommended Harvey Norman. 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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These three ASX lithium shares have all risen in the last month, but could they go higher?

Atlantic Lithium Ltd (ASX: A11), Leo Lithium Ltd (ASX: LLL), and Ioneer Ltd (ASX: INR) shares could all be a buy, according to analysts.

Let’s take a look at these three ASX lithium shares in more detail.

Atlantic Lithium

Atlantic Lithium shares have surged 13% in the last month. The company’s share price is up nearly 3% so far today. For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) is down 0.15%.

Analysts at Wilsons have put an “overweight” rating on the Atlantic Lithium’s share price, The Australian reported.

Atlantic is developing the Ewoyaa lithium project in Ghana, West Africa. The company has a funding partnership with Piedmont Lithium Inc (ASX: PLL) for this project. Piedmont currently has a 9.39% stake in Atlantic Lithium.

In a presentation released to the market today, Atlantic Lithium noted Ewoyaa has a Mineral Resources estimate of 35.3 million tonnes at 1.25% lithium oxide. A process to gain a mining lease is currently underway.

Atlantic Lithium shares have dropped nearly 6% in 2023 so far but have gained 1% in the last 12 months.

Leo Lithium

Leo Lithium shares have soared nearly 31% in the last month and are up a robust 5.13% today. The company’s shares price has also just received an “overweight” rating from Wilsons.

Leo Lithium is developing the Goulamina Lithium Project in Mali, West Africa. Recent assay results in April revealed “high grade, thick intercept” results. Mineralisation is open at depth and along strike. The company expects to provide a Mineral Resource Estimate before the end of June.

In a recent quarterly report, Leo Lithium said construction activities are “ramping up” on schedule.

Leo Lithium shares have soared 28% in the year to date but have fallen 11% from the same time last year.

Ioneer

Ioneer shares have risen 22% in the last month but are down nearly 3% at the time of writing. Again, analysts at Wilsons have placed an overweight rating on Ioneer.

The company is developing the Rhyolite Ridge lithium and boron project in Nevada, United States.

In late April, Ioneer advised the mineral resource at Ioneer has lifted by 168% to 3.4 million tonnes of lithium carbonate. The company said:

Rhyolite Ridge is ideally placed to play a pivotal role in the electrification of transportation in the U.S.

Ioneer has released a conditional commitment for a US$700 million loan on the Rhyolite project from the US Department of Energy.

Looking at the outlook for the lithium carbonate price, Morgan Stanley strategists recently advised lithium markets could be at a “at a turning point“. Analysts noted China’s lithium carbonate prices have lifted 30% from their recent lows, while hydroxide prices have jumped 20%.

Ioneer shares have slid 32% in a year and nearly 7% in the year to date.

The post 3 ASX lithium shares to buy right now: Wilsons appeared first on The Motley Fool Australia.

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More reading

• Why Corporate Travel, Leo Lithium, Regis Resources, and Whitehaven Coal are charging higher

Motley Fool contributor Monica O’Shea 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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