If you’re on the lookout for some ASX growth shares for your portfolio, then it could be worth checking out the two listed below.

Here’s why analysts are tipping them as buys this month:

Flight Centre Travel Group Ltd (ASX: FLT)

The team at Morgans thinks that Flight Centre could be a top ASX growth share to buy in March.

Flight Centre is a travel agent giant operating across multiple countries including Australia, New Zealand, United States, United Kingdom, and India. In addition to the iconic Flight Centre brand, it also operates businesses such as Aunt Betty, Corporate Traveller, FCM, Stage & Screen, and Travel Associates.

Morgans is positive on the company, noting that with “the benefits of FLT’s transformed business model emerging […] the company is well placed over coming years.”

Last month, the broker responded to Flight Centre’s half year results by retaining its add rating with an improved price target of $27.27. This implies 20% upside for investors from current levels.

NextDC Ltd (ASX: NXT)

Another ASX growth share that could be in the buy zone in March is NextDC.

It is a technology company enabling business transformation through innovative data centre outsourcing solutions, connectivity services, and infrastructure management software.

NextDC has been growing at a rapid rate over the last decade and shows no sign of slowing thanks to the cloud computing and artificial intelligence booms. These are driving strong demand for data centre services.

In addition, the company has been expanding overseas and into regional areas to meet demand in these locations.

Macquarie is fan of the company and responded very positively to the company’s recent half-year results.

This saw the broker retain its outperform rating and lift its price target on its shares to $20.00. This implies potential upside of 15% for investors over the next 12 months.

The post Supercharge your porfolio with these buy-rated ASX growth shares appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Guess which are the 2 newest members of the ASX 100 index
• These are the 10 most shorted ASX shares
• 6 ASX shares to buy and hold until the next leap year
• Which ASX shares delivered the biggest profit jumps of the earnings season?
• Here’s how the ASX 200 market sectors stacked up this week

Motley Fool contributor James Mickleboro has positions in Nextdc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended Flight Centre Travel Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/dj0vLic

Sometimes history can be a good teacher. As 26th US President Theodore Roosevelt said, “The more you know about the past, the better prepared you are for the future.” And if the last 10 years of the All Ordinaries (ASX: XAO) is anything to go by March could be a prime opportunity for scooping up cheap ASX shares.

As with most things in life, markets tend to ebb and flow in a seasonal stream. The Santa rally, tax time selling, and other timely phenomena are clear examples of how share prices fluctuate depending on the time of the year.

However, it should be noted that the market also has a habit of being unpredictable. If past patterns mirrored the future, we’d all be rich. So, taking these patterns with a grain of salt is important — they are always susceptible to change.

What does history show?

Although it is far from certain, the past 10 years of data suggest this month could produce a fall in the All Ords index. Ironically, the Aussie benchmark of the 500 top ASX shares is up 1.9% as of Friday afternoon. Still, 21 days are left in March, so we best not count our chickens before they hatch.

So, what do the last 10 years say about March and whether it is primetime for buying cheap ASX shares?

Well, the average return of the All Ords in March between 2014 and 2024 is a 1.2% decline. The only month to have performed worse is September, diving 2.4% on average over the past decade. Based on this, history would suggest this is one of the best times (second to September) of the year to be a buyer of shares.

If we inspect the data further, I find the following interesting information:

Best March return in the past 10 years: 6.4% increase in March 2022

Worst March return in the past 10 years: 21.5% fall in March 2020

The catastrophic crash in 2020 due to the COVID-19 pandemic drastically impacted the average March return. If we remove this outlier, the average for this month jumps to a 1% gain.

Which ASX shares could be cheap?

History aside, if March pans out to be a good month to buy shares, what companies are currently cheaply valued?

It’s almost a loaded question because a reduced share price doesn’t always present value. Sometimes the ‘cheap ASX shares’ are the ones with share prices soaring ahead as the rest of the market trembles.

Even so, a low forward price-to-earnings (P/E) ratio can sometimes be a decent starting point.

Some of the most cheaply rated companies inside the ASX All Ords right now include:

• Macmahon Holdings Ltd (ASX: MAH) — 4.7 times forward P/E
• AGL Energy Limited (ASX: AGL) — 7.7 times forward P/E
• Fortescue Ltd (ASX: FMG) — 9.2 times forward P/E

It always pays to delve deeper, beyond the P/E ratio, to understand better whether an ASX share is truly cheap.

The post If history repeats itself, March could be one of the BEST times to buy cheap ASX shares appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Top ASX passive income shares to buy in March 2024
• Guess which ASX mining share is rocketing 78% on a JV agreement with Fortescue
• Here’s the Fortescue dividend forecast through to 2026
• Key takeouts for ASX shares this earnings season: CBA analysis
• Investing in an ASX share portfolio for lifelong passive income!

Motley Fool contributor Mitchell Lawler 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.

from The Motley Fool Australia https://ift.tt/lUa01gm

While the yields on term deposits have improved markedly over the last 12 months, they still don’t compare to some of the dividend yields you can find on the Australian share market.

For example, analysts are forecasting bigger than average yields from these ASX dividend shares in the near term. Here’s what they expect:

Accent Group Ltd (ASX: AX1)

Bell Potter is expecting this ASX dividend stock to offer investors significantly larger than average dividend yields in the near term.

This is thanks to “continuing casual footwear trends and as sports, fitness & wellness related spending remains a priority.”

The broker has pencilled in fully franked dividends per share of 13 cents in FY 2024 and then 14.6 cents in FY 2025. Based on the latest Accent share price of $1.98, this represents dividend yields of 6.55% and 7.4%, respectively.

Bell Potter has a buy rating and $2.50 price target on its shares.

Deterra Royalties Ltd (ASX: DRR)

Morgan Stanley thinks that mining royalties company Deterra Royalties could be an ASX dividend stock to buy.

Particularly if you’re looking for some big dividend yields in the near term. Its analysts expect Deterra Royalties to be in a position to pay fully franked dividends per share of 37 cents in FY 2024 and 34 cents in FY 2025. Based on the current Deterra Royalties share price of $5.02, this will mean yields of 7.4% and 6.8%, respectively.

Morgan Stanley has an overweight rating and $5.65 price target on its shares.

Suncorp Group Ltd (ASX: SUN)

Finally, Goldman Sachs thinks that insurance giant Suncorp could be an ASX dividend stock to buy.

Due “in large part the tailwinds that exist in the general insurance market” the broker expects fully franked dividends per share of 77 cents in FY 2024 and 82 cents in FY 2025. Based on the Suncorp share price of $15.57, this will mean yields of 4.9% and 5.25%, respectively.

Goldman has a buy rating and $16.25 price target on its shares.

The post Forget term deposits and buy these ASX dividend stocks appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Buy these ASX dividend stocks with yields of 5% to 7.5%
• How investing $100 per week can create $2,000 in annual ASX dividend income
• Why Accent, Cettire, Dicker Data, and Iress shares are dropping today
• Why is the Accent share price sinking 6% today?
• Buy Woolworths and these ASX dividend shares

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 Goldman Sachs Group. The Motley Fool Australia has recommended Accent Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/IbtXK2C

It has been another busy week for Australia’s top brokers. This has led to the release of a number of broker notes.

Three broker buy ratings that you might want to know more about are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

Lovisa Holdings Ltd (ASX: LOV)

According to a note out of Morgans, its analysts have retained their add rating on this fashion jewellery retailer’s shares with an improved price target of $35.00. Morgans was pleased with the company’s performance during the first half. Looking ahead, it appears confident the trend will continue and has increased its valuation on the belief that its shares deserve to trade on higher multiples. The Lovisa share price ended the week at $31.65.

Life360 Inc (ASX: 360)

A note out of Goldman Sachs reveals that its analysts have retained their buy rating on this location technology company’s shares with an increased price target of $14.20. The broker was very impressed with Life360’s FY 2023 results and believes there’s more to come. It highlights the company’s solid subscription growth outlook from price increases. It also notes that its advertising optionality could drive meaningful medium-term upside. The Life360 share price was fetching $12.34 on Friday.

South32 Ltd (ASX: S32)

Analysts at UBS have retained their buy rating on this mining giant’s shares with an improved price target of $4.00. The broker is feeling more bullish on South32 after boosting its copper price estimates meaningfully higher through to 2027. This is expected to be underpinned by strong demand and a supply crunch. The South32 share price ended last week at $2.99.

The post Top brokers name 3 ASX shares to buy next week appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Here are the top 10 ASX 200 shares today
• Why Life360, Evolution Mining, Magnetic Mining, and Zip shares are rising today
• Top brokers name 3 ASX shares to buy today
• 2 ASX shares that could keep flying after a massive reporting season
• 2 ASX shares with attractive ‘risk-reward’ balance to buy right now

Motley Fool contributor James Mickleboro has positions in Life360 and Lovisa. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group, Life360, and Lovisa. The Motley Fool Australia has recommended Lovisa. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/CaONPIJ

The Brickworks Limited (ASX: BKW) stock price has gone on a very strong run. It has risen by around 25% in just three months, compared to a rise of around 9% for the S&P/ASX 200 Index (ASX: XJO).

After this recent strength, some investors may be concerned they’ve missed the boat on this one. But, has it risen too far to invest?

What’s driving the Brickworks stock price?

Remember – there are four main segments of the Brickworks business. It has an investments division, an industrial property division, an Australian building products segment and a US building products segment.

I suggest that the property division and the Australian building products division are likely driving Brickworks’ stock price higher.

Investors seem to have moved on from what I’m going to call ‘peak worry’ about interest rate rates and commercial property valuations – we’ve seen the share prices of industrial property-related businesses rise. For example, in the last three months, the Goodman Group (ASX: GMG) share price has risen more than 30%.

We’ve also seen a number of large takeover offers for other Australian building product companies, including CSR Ltd (ASX: CSR), Adbri Ltd (ASX: ABC) and Boral Ltd (ASX: BLD). If those businesses are all worth more than what they were trading for, then perhaps the Brickworks Australian building product division is also worth more too?

Is it too late to invest?

Brickworks stock continues to trade on the ASX, so it’s still possible to invest.

Has the Brickworks stock price reached an all-time peak that it will never surpass? I doubt it.

I think a lot of returns have been brought forward, but the business is still capable of growing its underlying asset value.

Brickworks can’t really control what happens with the investments division, but it’s seeing significant progress with its joint venture industrial property trust where it’s building large logistics properties (which are in high demand, including robotics and automation and multi-storey warehousing) on land no longer needed by the manufacturing side of Brickworks.

I don’t know what interest rates or commercial property prices are going to do, but the strong tenant demand is driving rental income and new completions are helping create development profits and increase the underlying value. Over time, I think the property division can keep growing value significantly.

I think the managing director, Lindsay Partridge, effectively explained the opportunity for Brickworks stock with its property:

Despite the volatility in the property market more broadly, we continue to experience strong lease enquiry for large-sized industrial facilities. Following the strong development progress achieved in the first half and the commencement of the final spec units at Oakdale West, we expect this estate to be fully built out by the end of FY24.

As we recently announced, we have now achieved development approval at Oakdale East Stage 2, and this extends our development pipeline by a further five years. Given the limited supply of appropriately zoned and approved land in Western Sydney that is available for large-scale industrial development, this is a significant milestone.

In an extremely tight industrial property market, we are able to offer prospective tenants large lot sizes in prime locations, facilities of unrivalled quality, and a proven track record of delivering new developments on time and on budget.

The post Is it too late to buy Brickworks stock? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Why did the Brickworks share price just smash another record?
• Seeking retirement income from ASX bank shares at 52-week highs? What I’d buy instead
• How did the Brickworks share price just hit an all-time high?
• Buying Soul Patts shares? Here’s what you’re really buying
• How I built $5,000 of passive income starting with $0

Motley Fool contributor Tristan Harrison has positions in Brickworks. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Brickworks and Goodman Group. The Motley Fool Australia has positions in and has recommended Brickworks. The Motley Fool Australia has recommended Goodman Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/EkoX3rV

If you’re wanting an early retirement, you’ll need to have your superannuation in order.

But just how much super would be required if you wanted to retire at 55?

Well, a lot depends on the type of retirement lifestyle that you want.

Retiring at 55

Firstly, let’s look at how much money you would need to be able to spend to fund your lifestyle of choice.

According to AFSA, for singles, if you plan to live somewhat frugally, you will need approximately $32,000 each year for a modest lifestyle. AFSA describes this lifestyle as:

A modest retirement lifestyle is considered better than the Age Pension, but still only allows for the basics.

Whereas if you want a comfortable lifestyle, you’ll be looking at $51,000 each year according to AFSA. This lifestyle is described as follows:

A comfortable retirement lifestyle enables an older, healthy retiree to be involved in a broad range of leisure and recreational activities and to have a good standard of living through the purchase of such things as; household goods, private health insurance, a reasonable car, good clothes, a range of electronic equipment, and domestic and occasionally international holiday travel.

For couples, you would be looking at approximately $46,000 for a modest lifestyle and $71,000 for a comfortable lifestyle.

How much superannuation would you need?

In order to fund these lifestyles, you will need the following (inclusive of pension):

Comfortable retirement:

• Singles $595,000
• Couples $690,000

Modest retirement:

• Singles $100,000
• Couples $100,000

AFSA highlights that the same superannuation is required for both couples and singles for a modest retirement due to the impact of receiving the Age Pension.

So, if you’re 55, married, and have a combined superannuation of $690,000, AFSA believes you could hand in your retirement notice on Monday and live a comfortable life.

However, it is worth noting that couples aged between 55-59 years old have on average a combined superannuation balance of $552,987.

While it is too late for them to retire early and comfortably, it might not be for younger Australians.

For example, if you’re in your 40s you could potentially get to the desired amount by the time you’re 55 if you make additional contributions to your super. The key is to plan ahead and adjust your contributions accordingly.

The post How much superannuation do I need to retire at 55? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• How long does it take for an ASX investor to double their money?
• Why these 3 ASX 200 shares grabbed the Motley Fool’s headlines this record-breaking week
• 2 excellent ASX ETFs to buy and hold for a decade
• 3 ASX 200 shares that could rise 20% to 50%
• Why you need to stop meddling with your ASX shares

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.

from The Motley Fool Australia https://ift.tt/DeExwQl

For many non-investors, and indeed novice ASX investors, the extraordinary power of compounding is hard to wrap their heads around.

As an example, they might see a 7% annual return on an investment and think that’s nothing impressive.

But that level of compound annual growth rate (CAGR), kept up for 10 years, will see your money double.

This is amazing to many people.

Becoming an ASX investor is more important than 20% CAGR

So to visually show off the incredible prowess of compounding, Visual Capitalist recently published a graphic that showed how long it takes for your money to double for various levels of CAGR:

The fascinating observation here is that each percentage point higher from 0% through to 7% makes a huge difference to how fast your investment will become twice the size.

Improvements in the CAGR beyond that don’t make as large an impact.

For example, 15% CAGR will double your nest egg in five years. But it takes an unbelievable 19% annual return to reduce that down just to four years.

But if an ASX investor can improve the portfolio’s performance from 2% to 6%, it cuts down the time from a whopping 35 years to 11.9 years.

It just goes to show that being invested is more critical than nabbing double-digit growth rates. Going from 0% to 7% has a far larger impact on your wealth than improving from 7% to 14%.

Do you want to wait 6.4 years or 120?

Visual Capitalist financial writer Dorothy Neufeld pointed out that this huge difference in the lower percentages is what makes stocks such an attractive investment in the long term.

“Consider if an investor put their money in the S&P 500 Index (SP: .INX). Historically, it has averaged 11.5% returns between 1928 and 2022. In 6.4 years, their money would double, assuming these average returns.

“If they were to put this money in a savings account, where the average savings rate is 0.6%, it would take 120 more years for their money to reach this potential.”

She added that, if inflation is taken into account, money stored as cash actually shrinks in value.

“Historically, inflation has averaged 3.3% over the last century.”

The post How long does it take for an ASX investor to double their money? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Why these 3 ASX 200 shares grabbed the Motley Fool’s headlines this record-breaking week
• 2 excellent ASX ETFs to buy and hold for a decade
• 3 ASX 200 shares that could rise 20% to 50%
• Why you need to stop meddling with your ASX shares
• 3 ASX shares you can confidently invest $500 in right now

Motley Fool contributor Tony Yoo 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.

from The Motley Fool Australia https://ift.tt/c5BULiM

There was plenty of competition amongst S&P/ASX 200 Index (ASX: XJO) shares to get into the Motley Fool’s headlines this week. Especially with the benchmark index hitting new record highs on Monday and again on Friday.

Here’s what saw these three large-cap stocks grab our attention.

ASX 200 shares grabbing the Motley Fool’s headlines

The first ASX 200 share catching the Motley Fool’s attention this week was lithium stock Pilbara Minerals Ltd (ASX: PLS).

Pilbara made headlines on Tuesday when shares in the lithium producer closed the day down 7.0%.

It wasn’t just Pilbara shares under selling pressure on Tuesday. Most all ASX lithium stocks ended the day deep in the red.

This looks to have been driven by a 6.8% overnight decline in Albemarle Corporation (NYSE: ALB). That fall came after the North American lithium giant announced it was issuing new shares to raise US$1.9 billion.

With lithium prices down some 80% from their peak, investors likely feared that lithium stocks like Pilbara might be next in line to announce a dilutive capital raise.

Which brings us to the second ASX 200 share leaping into the Motley Fool’s headlines this week, UK-based banking stock Virgin Money UK (ASX: VUK).

Virgin Money made news on Friday after its shares soared more than 33%.

This came after the bank reported that it had received a potential cash takeover offer from Nationwide Building Society.

Based on Friday’s exchange rates with the British pound, the offer values Virgin Money at $4.26 per share. That’s almost 39% above Thursday’s closing price.

Rounding off the list of ASX 200 shares that claimed the Motley Fool’s headlines this week is mining giant BHP Group Ltd (ASX: BHP).

BHP made the news on 7 March when the miner’s stock traded ex-dividend.

This saw the BHP share price close the day down 1.1%, as investors buying on the day were no longer eligible to receive the fully franked $1.10 interim dividend. Investors who owned BHP shares at market close on Wednesday can expect to see that cash payout hit their bank accounts on 28 March.

BHP, the biggest stock on the ASX 200, trades on a fully franked trailing yield of 5.4%

The post Why these 3 ASX 200 shares grabbed the Motley Fool’s headlines this record-breaking week appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• These brave investors are earning a 9% dividend yield on BHP shares! Here’s how
• Here are the top 10 ASX 200 shares today
• 3 ASX winners from the reporting season (and 2 losers)
• Why Judo, Paladin Energy, Virgin Money, and WA1 shares are racing higher
• Virgin Money share price pops 34% on takeover bid

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.

from The Motley Fool Australia https://ift.tt/vyliR4m

I firmly believe that buy and hold investing is one of the best ways to grow your wealth.

But if you’re not a fan of stock picking, don’t worry. That’s because you could consider buying exchange traded funds (ETFs) instead.

These funds eliminate the need to pick stocks because they allow you to buy large groups of them with a single click of a button.

With that in mind, listed below are a couple of ASX ETFs that could be top buy and hold options for investors:

iShares Global Consumer Staples ETF (ASX: IXI)

If you have a low tolerance for risk, then the iShares Global Consumer Staples ETF could be a good option. That’s because this ETF gives investors exposure to many of the world’s largest consumer staples companies. These are companies that perform well whatever is happening in the global economy. Among its holdings are Coca-Cola, Nestle, Procter & Gamble, and Unilever.

Over the last 10 years, the fund the ETF tracks has generated a return of 9.1% per annum for its investors.

VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)

Arguably the best ASX ETF to buy and hold is the VanEck Vectors Morningstar Wide Moat ETF. This ETF has been built to give investors access to the type of companies that you would want to hold for the long term. They have sustainable competitive advantages and fair valuations. These are the qualities that Warren Buffett looks for when he makes investments. And given his track record over multiple decades, it is hard to argue against this focus.

Over the last decade, the fund this ASX ETF tracks has delivered a mouth-watering average total return of 17.1% per annum.

The post 2 excellent ASX ETFs to buy and hold for a decade appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• 5 ASX shares to buy for an effortless path to financial freedom
• 2 ASX ETFs for beginner investors to buy in March
• Are these record-breaking ASX ETFs now too expensive to buy?
• 4 hot ASX ETFs smashing all-time highs on Thursday
• How to build a second retirement fund outside of superannuation

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 recommended Nestlé and Unilever Plc. The Motley Fool Australia has positions in and has recommended iShares International Equity ETFs – iShares Global Consumer Staples ETF. The Motley Fool Australia has recommended VanEck Morningstar Wide Moat ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/9kAUitj

Are you on the lookout for gain returns to supercharge your portfolio?

If you are, then it could be worth getting better acquainted with the ASX 200 shares listed below.

These shares have been named as buys and tipped to rise between 20% and 50% from current levels. Here’s what you need to know:

IDP Education Ltd (ASX: IEL)

The team at Morgan Stanley thinks investors should be snapping up this language testing and student placement company’s shares while they’re cheap.

The broker has an overweight rating and $27.50 price target on them. This suggests potential upside of 44% for investors between now and this time next year.

Morgan Stanley believes that its recent results highlight the strength and growth potential of its student placement business.

Lynas Rare Earths Ltd (ASX: LYC)

If you don’t mind investing in the mining sector, then this rare earths producer could be a buy. That’s the view of analysts at Goldman Sachs, which have the company on the broker’s conviction list.

Goldman currently has a buy rating and $7.40 price target on its shares. This implies potential upside of 23% for investors over the next 12 months.

It believes the ASX 200 share is undervalued based on “the stock trading at ~0.8x NAV (A$7.78/sh) and pricing in US$67/kg NdPr vs. spot at ~US$53/kg and our long run US$83/kg (real $, from 2028) NdPr price forecast.”

Qantas Airways Limited (ASX: QAN)

Goldman Sachs also sees a lot of upside for this airline operator’s shares.

In fact, the broker believes “QAN is not priced for a generic recovery, let alone prospects for improved earnings capacity.”

Its analysts have a buy rating and $8.05 price target on its shares. This suggests upside of 56% for investors from where its shares trade today.

The post 3 ASX 200 shares that could rise 20% to 50% appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Here are the top 10 ASX 200 shares today
• Qantas shares hit turbulence amid $250,000 fine for ‘shameful’ conduct
• Insiders have been buying these ASX 200 mining shares
• Goldman Sachs has added this ASX 200 tech stock to its APAC conviction list
• These are the 10 most shorted ASX shares

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 Goldman Sachs Group and Idp Education. The Motley Fool Australia has recommended Idp Education. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/VaTCPF4