Some experts say the era of reliable capital growth is over — at least for a period while interest rates and inflation remain high — and ASX 200 shares investors should focus on dividends for their returns.

Will Woodside Energy Group Ltd (ASX: WDS) shares deliver the strong and reliable passive income that income investors need in this new investment climate?

Let’s investigate.

Woodside shares delivering 11% dividend yield

There’s much more to successful income investing than simply picking the ASX 200 shares that pay the biggest dividends today.

That’s especially true with ASX resources stocks because prices for commodities like gas and oil tend to be cyclical.

They directly impact company earnings and, therefore, the dividends paid by ASX 200 energy stocks.

Having said that, right now, Woodside shares are trading on a trailing dividend yield of 11%.

That’s exceptional in anyone’s book and well above the average ASX 200 dividend yield of about 4% or 5%.

Woodside paid an interim dividend of $1.60 per share on 6 October 2022. That was the largest interim dividend since 2014 and came on the back of a 400% profit surge due to high commodity prices.

Then came the all-time high final dividend of $2.154 on 5 April this year.

This equates to a total dividend payout of $3.754, and a trailing dividend yield of 11%, based on the Woodside share price of $34.21 at the time of writing on Friday.

As it’s an Australian company, you can also add 100% franking to those dividends. That makes for a grossed-up trailing dividend yield of 15.7%.

Incidentally, income investors might be interested to know that this is triple the yield of the best bank savings rate on the market today.

Dividend predictions

Looking ahead, a couple of brokers have predicted continuing above-average dividends on Woodside shares, but falling commodity prices will drag dividends lower than where they are now.

As my Fool colleague Tristan recently covered, Commsec expects the following fully franked payments:

• FY23: $2.425 per share (7% yield)
• FY24: $2.307 per share (6.75% yield)
• FY25: $1.98 per share (5.75% yield)

As my Fool colleague James reports, Citi is forecasting these fully franked dividends:

• FY23: $2.63 per share (7.65% yield)
• FY24: $2.56 per share (7.5% yield)
• FY25: $2.21 per share (6.45% yield)

Commodity prices

Higher commodity prices brought about by the Russia/Ukraine war have obviously benefited Woodside shares.

The company has been able to sell its oil and gas for more money, and that’s great. But it’s temporary.

The longer-term benefit is Russia’s exclusion from the supply chain, potentially leading to more demand for Woodside’s oil and gas.

After all, Woodside is the largest oil and gas producer of the ASX 200 and one of the top 10 LNG players in the world. So, it’s well-placed to capitalise on this.

But there’s another global trend that is likely to do great things for Woodside shares in the medium term.

The next big thing to benefit Woodside shares and dividends

It’s a major multi-decade-long investment theme, and it’s only in its infancy right now: Decarbonisation.

The stocks that are going to benefit most long-term are obvious ones like ASX renewables shares. But most pure-play renewables producers are just starting out and need time to mature as companies.

In the short to medium term, energy and mining stocks are going to benefit from decarbonisation.

Why?

Because in order for the world to decarbonise, it has to build the new infrastructure required. For example, you can’t build a wind turbine without machines, which require oil for fuel.

And until every human being aged over 18 buys an electric vehicle (EV), we’re going to need petrol for transportation. And until every roof has solar panels, we’re going to need gas to heat our homes.

The examples go on and on, and the bottom line is, the transition to green energy will be slow.

This is why mining and energy stocks are still attractive in the medium term.

In fact, Woodside shares still have appeal in the long term because the company is already adapting to the emerging green energy era.

It’s developing its own green energy projects and reducing its carbon emissions.

Woodside intends to invest $5 billion in new energy products and lower-carbon services by 2030. These include hydrogen and ammonia projects, and carbon capture, utilisation, and storage.

Expansion of Woodside should also support dividends

That merger with the petroleum business of BHP Group Ltd (ASX: BHP) in June 2022 ended up being a pretty timely deal, as it added a lot of new assets to Woodside’s portfolio.

The company is also still developing some major existing projects, such as Browse, which it says is Australia’s largest untapped conventional gas resource.

All of this means Woodside has plenty of assets from which to make money in the future. And as the world rushes to start building green energy infrastructure, it’s going to need more oil and gas.

Recent history of the Woodside share price

Woodside shares have doubled in value over the past three years.

They hit a multi-year high of $39.58 on 8 November 2022 and were trading at $34.26 at the close on Friday.

In 2023, Woodside shares have declined by 3.3% while the S&P/ASX 200 Index (ASX: XJO) has risen 4.9%.

The best ASX 200 income share?

Woodside can’t be described as the outright best ASX 200 dividend share, but it’s certainly shaping up to be one of the better payers over the next few years.

Of course, commodity prices can affect earnings, as can project delays, and such things will have consequences for dividends.

The post Are Woodside shares the greatest dividend buy of the ASX 200? appeared first on The Motley Fool Australia.

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• How I’d invest $20,000 today for a $3,370 passive income
• 5 things to watch on the ASX 200 on Friday
• How might this news out of China impact the oil price?
• 5 things to watch on the ASX 200 on Wednesday
• How to invest $10,000 in ASX dividend shares in May

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Bronwyn Allen has positions in BHP Group, Commonwealth Bank Of Australia, and Woodside Energy Group. 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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One of the best ways to grow your wealth is to make long-term investments, as this allows you to benefit from the magical power of compounding.

One easy way to invest your hard-earned money in this way is with exchange traded funds (ETFs). That’s because ETFs provide investors with access to a large number of shares through a single investment.

This can help diversify your portfolio and lower the risk of you making a large loss on a particular investment.

But which ETFs should you look at for the long term?

Listed below are three high quality ETFs that could be worth considering. Here’s what you need to know about them:

BetaShares Global Cybersecurity ETF (ASX: HACK)

The first ETF that could be a top buy and hold option is the BetaShares Global Cybersecurity ETF. This fund provides investors with the opportunity to invest in the cybersecurity sector. This means you’ll be buying companies such as Accenture, Cisco, Cloudflare, Crowdstrike, and Palo Alto Networks. Due to the growing threat of cyberattacks globally, these companies appear well-placed to benefit from increasing demand for their services.

BetaShares NASDAQ 100 ETF (ASX: NDQ)

Another ETF for investors to buy and hold could be the BetaShares NASDAQ 100 ETF. This ETF allows investors to buy many of the highest quality companies in the world all in one place. That’s because the BetaShares NASDAQ 100 ETF is home to the 100 largest non-financial shares on the famous NASDAQ exchange. This includes the likes of Amazon, Apple, Google parent Alphabet, Meta, Microsoft, Netflix, and Tesla.

VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)

Finally, if you’re aspiring to be like Warren Buffett when investing, then you may want to look at the VanEck Vectors Morningstar Wide Moat ETF. That’s because this Warren Buffett-inspired ETF gives investors access to a group of companies that have sustainable competitive advantages or moats (hence its name). Moats are something the Oracle of Omaha looks for when choosing investments. And given his long-term track record, this investment strategy clearly works. This could make this ETF a great buy and hold candidate.

The post 3 high quality ETFs for ASX investors to buy and hold for decades appeared first on The Motley Fool Australia.

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• If I could only buy one ASX share today, this would be it
• 12 ASX exchange-traded funds (ETFs) smashing new 52-week highs today
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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 Global Cybersecurity ETF and BetaShares Nasdaq 100 ETF. The Motley Fool Australia has positions in and has recommended BetaShares Global Cybersecurity ETF and BetaShares Nasdaq 100 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.

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If you’re looking for some ASX dividend shares to boost your passive income, then you may want to look at the two named below.

Here’s why analysts rate these ASX dividend shares highly:

Rural Funds Group (ASX: RFF)

Bell Potter believes that Rural Funds could be an ASX dividend share to buy right now.

The broker feels that the agricultural property company’s shares are cheap as chips and is expecting some very attractive dividend yields in the coming years. It commented:

RFF is down ~39% from its Jan’22 peak a material underperformance relative to the XPJ, which is down ~21% over the same time frame. The underperformance has come despite double digit YOY gains in agricultural land values in CY22. In effect the current 31% discount to market NAV is implying a downward correction in property values comparable to that seen in US agricultural land values in 1932-33 and 1985-87.

As for dividends, the broker is expecting dividends per share of 11.7 cents in FY 2023 and 12.2 cents in FY 2024. Based on the current Rural Funds share price of $1.87, this will mean yields of 6.25% and 6.5%, respectively.

Bell Potter has a buy rating and $2.65 price target on its shares.

South32 Ltd (ASX: S32)

Another ASX dividend share that has been named as a buy is South32.

Goldman Sachs is bullish on the diversified miner and is expecting some huge dividend yields in the near term. It explained:

We upgrade S32 to Buy (from Neutral) on attractive valuation: Trading at ~0.95xNAV (A$4.6/sh) and on an implied TSR of ~29%, and an attractive NTM EV/EBITDA multiple of ~2.1x vs. the sector average of 4.5x. We assume the share buyback continues (at ~US$250mn p.a) and S32 pays out 50% of earnings (40% ordinary, 10% special dividend component) with the FY23 full year result. On our estimates, S32 is on a supportive dividend yield of c. 5% in FY23, increasing to 14% in FY24.

As mentioned above, Goldman Sachs is expecting a 5% dividend yield in FY 2023 and 14% in FY 2024.

The broker also sees plenty of upside for the South32 share price with its buy rating and $4.80 price target. The miner’s shares were last trading at $4.06.

The post Don’t miss out on these high yield ASX dividend shares: analysts appeared first on The Motley Fool Australia.

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• Looking to buy an ASX 200 mining stock? Here are 3 reasons to consider South32 shares
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• Brokers expect big gains and huge dividends from these ASX 200 mining shares
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Looking for regular passive income? Here are 3 ASX dividend shares that pay quarterly

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 Rural Funds 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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Ah, the great ASX debate: Coles Group Ltd (ASX: COL) shares versus Woolworths Group Ltd (ASX: WOW) shares.

Supermarket giants Coles and Woolworths are two of the most similar companies on the ASX. Both consumer staples stocks have been competing in the same market for customers and investors for decades.

Which is the better investment? That depends on who’s being asked. Some investors prefer Woolworths’ clear domination of the Australian grocery market. Others might like the cheaper Coles share price (on a price-to-earnings (P/E) basis) and the higher dividend yield.

But Coles may have an ace up its sleeve in 2023 that could help settle the debate.

ASX broker rates Coles shares as a buy today

As we covered earlier this week, ASX broker Citi recently came out with a highly bullish outlook on Coles. The broker gave the supermarket chain a buy rating, together with a 12-month share price target of $20.20.

The primary reason Citi sees so much potential for Coles is the company’s new automated distribution centre (ADC) in Redbank, Queensland. Citi reportedly toured the new facility and reckons Coles is “moving in the right direction”, with ADCs having “the potential to provide a cost advantage over competitors”.

According to Coles:

The first ADC of its kind in Australia, it will revolutionise the way we get the products customers want, where and when they need them… The ADC will support less manual handling, more flexible rosters and greater opportunities to rotate through tasks.

The new ADC is one reason why Citi is forecasting Coles to increase its dividends to 69 cents per share for FY2023. Then to 73 cents for FY2024 and 80 cents for FY2025. Coles shares have paid out a total of 66 cents per share in fully-franked dividends over the past 12 months. That gives the Coles share price a dividend yield of 3.64% today.

Woolworths is also investing in automation technology for its supply chains. But it seems that Citi thinks Coles has the upper hand here.

The Coles share price has slightly outperformed that of Woolworths over the past five years, as you can see below:

But only time will tell if the next five years will bring the same outperformance for Coles investors.

The post Is this a compelling reason to buy Coles shares over Woolworths? appeared first on The Motley Fool Australia.

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• No savings at 40? Here’s my 3-step plan for $1,500 of passive income a month
• Experts say these top ASX dividend stocks are buys
• Why I’d buy companies with pricing power to comfortably beat the ASX index
• 2 ASX 200 dividend stocks brokers rate as top buys
• Up 17% in 2023, are Woolworths shares still worth buying?

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 positions in and has recommended Coles 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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If you’re in the market for some new portfolio additions, then you will be pleased to know that a number of ASX 200 shares have recently been tipped as buys.

Here’s why brokers are particularly positive on these top shares:

Allkem Ltd (ASX: AKE)

Bell Potter believes this ASX 200 lithium share is still great value despite recent gains following the announcement of a merger with Livent Corp (NYSE: LTHM). The broker has a buy rating with a $19.20 price target on its shares. The broker commented:

AKE is now in-play; we think it is likely the LTHM merger will proceed and are not confident that an interloper will emerge. On a stand-alone basis the company has a strong production and earnings growth profile into what we expect to be an exceptionally strong market for lithium. Combining with LTHM and the NYSE listing could see an earnings multiple uplift. AKE is trading at a slight discount to the implied deal value, which we expect will close if deal certainty improves.

BHP Group Ltd (ASX: BHP)

A note out of Goldman Sachs reveals that its analysts are bullish on this mining giant. The broker currently has a buy rating and $49.90 price target on the Big Australian’s shares. Goldman named four reasons why it is positive on BHP. It said:

Our Buy thesis on BHP is based on: (1) Attractive valuation, but at a premium to S32 & RIO (2) GS bullish iron ore, copper and met coal, (3) Optionality with +US$20bn copper pipeline and improved production growth, (4) Robust FCF, but still below RIO & S32.

CSL Limited (ASX: CSL)

Morgans is a fan of this ASX 200 biotherapeutics share and has an add rating and $337.92 price target on it. The broker believes CSL is well-placed for growth now its headwinds have faded. It said:

A key portfolio holding and key sector pick, we believe CSL is poised to break-out this year, a COVID exit trade, offering double-digit recovery in earnings growth as plasma collections increase, new products get approved and influenza vaccine uptake increases around ongoing concerns about respiratory viruses, with shares offering good value trading around its long-term forward multiple of ~30x.

Goodman Group (ASX: GMG)

Citi is a fan of this integrated industrial property company and has a buy rating and $24.30 price target on its shares. The broker believes Goodman is well-positioned to deliver solid earnings growth for the foreseeable future. It said:

We see potential for GMG to generate consistent high-single to low-double digit earnings growth over the medium term driven by rental upside and longer term development projects, which will add to management and development earnings. The stock currently trades at c. 19x FY24e, below global industrial peers, despite having higher earnings growth and lower leverage. We therefore see upside to the share price and retain Buy.

ResMed Inc. (ASX: RMD)

Another ASX 200 share that has been named as a buy is ResMed. Goldman Sachs is a fan of the sleep treatment solutions company and has a buy rating and $39.60 price target on its shares. It commented:

We continue to see a long-duration runway of HSD organic growth for RMD, and we believe valuations (PE: 31.4x / EV/EBITDA: 22.0x) both c.6% below 5-year averages and growth-adjusted valuation of 2.6x (sector 2.4x) are not demanding in the context of various near/long-dated tailwinds.

The post 5 ASX 200 shares to buy according to brokers appeared first on The Motley Fool Australia.

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• The copper price could explode. This is the ASX share to take advantage
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• Buy these excellent ASX 50 shares now: broker
• Buy these ASX shares with big dividend yields: Goldman Sachs

Motley Fool contributor James Mickleboro has positions in Allkem and CSL. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL and ResMed. The Motley Fool Australia has positions in and has recommended ResMed. 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.

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There are many ingredients that go towards making batteries and electronics.

That’s why even though lithium stocks might have been all the rage in recent years, it could pay to research other mineral producers.

Wilsons equity strategist Rob Crookston suggested this week that his team is “structurally bullish” on copper shares.

“Copper is a popular base metal that has been favoured for centuries for its electrical conductivity and low reactivity,” he said in a memo to clients.

“Growth in copper demand is expected to outpace new supply over the medium- to longer-term.”

The global decarbonisation movement will require “significant quantities of copper”.

“EVs [electric vehicles] typically require around 3x more copper than comparable conventional internal combustion engine vehicles,” said Crookston.

“Solar and offshore wind require an estimated ~3x and ~7x, respectively, more copper per megawatt of installed capacity than popular fossil fuel energy sources.”

The company that will turn from iron ore to copper

So which ASX shares are the best to buy to cash in on the looming copper shortage?

Strangely, there actually aren’t that many choices.

“In spite of Australia having the world’s second-largest copper reserves behind Chile, the ASX suffers from a scarcity of high-quality pure-play copper miners, which was exacerbated by BHP Group Ltd (ASX: BHP)’s takeover of OZ Minerals.”

For Wilsons analysts, buying a major miner that produces a diversified range of minerals is the favoured method of exposure to copper.

And of those, there is one that they would pick.

“BHP offers by far the most copper exposure of the large diversified miners, in both absolute and relative terms.”

This is despite Crookston’s team staying away from iron ore, which is currently the bread-and-butter business for the Big Australian.

“We are constructive on BHP, partly based on the view that the business will soon become a copper producer first and foremost — though we do note the business has no plans to walk away from its profitable iron ore business.”

The BHP share price is 6% down on a year ago, currently presenting a buying opportunity.

The dividend yield stands at a mouthwatering 8.95%.

The company has copper interests in Chile, South Australia, the United States and Peru.

“BHP’s operational copper mines are high quality, low cost, long life assets with significant production growth potential, while it also owns a range of exploration assets like its Oak Dam development in South Australia,” said Crookston.

“According to consensus estimates, BHP will generate more earnings from copper than iron ore by FY25.”

The most bullish modelling sees BHP’s copper earnings overtake iron ore as soon as the next financial year.

“In any case, regardless of the timing, the long-term trend towards copper is clear, and in our view, this makes BHP a more compelling investment opportunity than the other major diversified miners.”

The post The copper price could explode. This is the ASX share to take advantage appeared first on The Motley Fool Australia.

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• Why BHP shares made our headlines this week
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• How does the Fortescue dividend stack up against BHP and Rio?
• Why the BHP dividend forecast has caught my attention!

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.

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Those invested in Pilbara Minerals Ltd (ASX: PLS) shares were no doubt overjoyed earlier this year when the lithium favourite finally provided shareholders with passive income.

The company was officially added to the long list of S&P/ASX 200 Index (ASX: XJO) materials stocks raking in the sort of cash flow that allows them to hand out dividends.

It’s still early days for the newly crowned passive income stock. Hence, shareholders and would-be investors are likely wondering what the future might hold for the lithium producer’s dividends.

With that in mind, let’s dive into how much passive income Pilbara Minerals shares are expected to provide in near future.

How much passive income could Pilbara Minerals shares provide?

Say you’re sitting on a stack of cash piled $10,000 high with plans to invest the lot in Pilbara Minerals shares.

You’re likely on track to walk away with 2,004 stocks, based on its current share price – $4.99.

If you held such a parcel prior to Pilbara Minerals’ maiden ex-dividend date – 2 March – you would have already realised $222.44 of passive income from your shares. The company paid a fully franked, 11-cent per share dividend for the first half.

But its next dividend might not be so fruitful, according to brokers.

Morgans tips the company to pay 15 cents over the course of financial year 2023, as my Fool colleague James reports.

That implies a 4-cent final dividend – or a total of $80.16 for our figurative investor.

Goldman Sachs is more optimistic, however.

It forecasts Pilbara Minerals will provide 22.1 cents per share for financial year 2023.

That means another 11-cent dividend could be on the cards for later this year.

Based on its current share price, that could see the lithium stock trading with a 4.43% dividend yield.

But both brokers are sceptical on whether Pilbara Minerals shares can continue providing such passive income.

Morgans expects the company to offer 9 cents per share next financial year, while Goldman Sachs tips its offerings to be cut to 12.8 cents.

At that rate, our $10,000 investment could generate between $180.36 and $256.51 of dividend income next fiscal year.

What about capital gains?

Looking beyond passive income, however, the respective brokers offer varied forecasts for the Pilbara Minerals share price.

Morgans tips it to grow to $5, which would leave our 2,004-share parcel worth $10,020.

Goldman Sachs, on the other hand, expects the ASX 200 stock to tumble to $4.10. At such a point, our $10,000 investment would have sunk to be worth $8,216.40.

The post If I invest $10,000 in Pilbara Minerals shares, how much passive income will I receive? appeared first on The Motley Fool Australia.

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• Brokers say these 3 stellar ASX 200 growth shares are top buys
• 3 ASX 200 lithium shares that smashed the market today
• Here are the top 10 ASX 200 shares 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 Group. 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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Look, you’re going to have to forgive me this afternoon…

I’m – to use the cricket metaphor – coming in off a long run.

You didn’t listen to them, I hope?

Yes, I’ve got something of a head of steam up.

See, I saw two things on Twitter this morning. Apparently, the US indices – the S&P 500 Index (INDEXSP: .INX) and the NASDAQ-100 Index (NASDAQ: NDX) – are both now up 20% from their recent lows.

The NASDAQ, in particular, is apparently up 33% since late last year.

Why has that got me worked up?

Because knuckleheads (and I use that term deliberately) were telling us, before, during and since those lows, that the market was ‘about to crash’.

There are the ‘permabears’ – those who always think there’s a crash coming – who whip up fear and panic, driving nervous investors out of the market.

(I can never tell if they’re just congenital worriers and genuinely believe this rubbish or if they’re cynically playing on human fear. Either way, it’s bad.)

And there are the traders. The people who, when the market is up on Monday, want to tell you it’s going to crash Tuesday.

They’re trying to play silly buggers with the hope of making a few per cent trading the market’s volatile movements.

Meanwhile?

Meanwhile, if both groups had just invested… and waited… the returns would have fallen in their laps.

Talk about stealing defeat from the jaws of victory!

No, I didn’t forecast it.

I don’t do forecasts.

I just invest.

For the long term.

In quality companies.

Please, for the love of god (and the sake of your portfolios), stop listening to market forecasters. And that goes doubly for fear-mongering permabears.

Yes, markets will be volatile.

Sometimes, they’ll fall, and our portfolios will shrink.

Yes, it’d be nice to avoid that.

But… we can’t. At least not without also missing out on the huge compound gains that have come from just staying invested.

Remember, according to Vanguard, $10,000 turned into $131,000 over 30 years to June 30 last year.

And remember, some people said the market was going to crash last October.

Choose – very, very carefully – who you listen to.

(And next time the market crashes, remember things have always improved.)

Time for a mature conversation

Speaking of fear-mongering, is there anything more fraught than a national conversation about immigration?

Among the goodwill and genuine policy conversations, the topic gives cover for bigots and xenophobes to peddle their bile.

And yet it is a conversation we need to have. It seems pretty likely that the growth in our population is, and for a while at least, will continue to run at a level above our ability to provide increased housing.

And, as Year 8 economics will tell you, when the growth in demand exceeds the growth in supply, prices will continue to rise.

Which… adds to inflationary pressures while also risking other adverse consequences.

Now, I am strongly pro-immigration. We should use it to fill skills gaps, and we have a moral responsibility to help refugees.

But we should also manage our population growth (note: not just immigration) deliberately, in keeping with our ability to provide housing, supply infrastructure, and within our environmental limits.

For the absolute avoidance of doubt: I do not care from which country, culture or faith our immigrants come. If they have the right skills and they want to be here, they’re very welcome as far as I’m concerned. There is no dog whistle here, and I’ll condemn anyone who tries to use one.

It’s the overall population growth I’m talking about here.

Yes, in the short term, population growth boosts gross domestic product (GDP). That gets the cheerleaders out. But we should approach population policy the same way we approach investing – with a long-term perspective.

There’s no point growing the pie if the number of people eating that pie grows more quickly. That’s the challenge for our policy-makers (and if they abandon the field, as is happening thus far, they leave space for the racists and troublemakers – and that gets ugly very quickly).

And in the meantime, it risks higher rents, higher house prices and higher inflation. Those are pretty ugly economic outcomes.

Quick takes

Overblown: This US debt ceiling thing? Look, predictions – as I mentioned above – are silly. But the odds of this thing ending well are very, very good. Oh sure, the American pollies will engage in some brinkmanship, but it’s unlikely that the end result is a permanent loss.

Underappreciated: Apple’s move into banking is another rattling of an increasingly brittle cage. Our banks are strong. And dominant. But strong and dominant enough to see off the global tech giants? It’s an open question. Our regulator might stop them. Or their efforts might come to naught of their own accord. But don’t assume it’s inevitable.

Fascinating: Did you know that the NASDAQ is now 33% higher than its late 2022 high? Of course you did, assuming you read the top of this article! And yet, there’s no market excitement yet. When it returns? Well, those who waited for the good news will have missed out on at least a one-third gain. It’s ever been thus.

Where I’ve been looking: Speaking of technology companies, Xero is back over $100 per share. Others are on the march, too. But I don’t think it’s too late to find some beaten-down quality in this sector.

Quote: “The idea that a bell rings to signal when to get into or out of the stock market is simply not credible. After nearly fifty years in this business, I don’t know anybody who has done it successfully and consistently. I don’t even know anybody who knows anybody who has.” – Jack Bogle

Fool on!

The post Investors 1: ‘Permabear’ forecasters 0 appeared first on The Motley Fool Australia.

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Motley Fool contributor Scott Phillips 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) ended the week in the green, gaining 0.59% on Friday to close at 7,279.5 points. That leaves it 0.31% higher than it was this time last week.

Leading the way was the S&P/ASX 200 Information Technology Index (ASX: XIJ). It soared 2.2% in today’s session.

It was also a good day for the S&P/ASX 200 Financials Index (ASX: XFJ), which rose 1.5%, helped by shares in AUB Group Ltd (ASX: AUB). The stock rose 5.9% on the back of a successful $150 million placement.

In fact, the only sector to record a notable loss was the S&P/ASX 200 Utilities Index (ASX: XUJ), which fell 0.46% with the AGL Energy Limited (ASX: AGL) share price its biggest weight, falling 1.78%.

So, with all that considered, let’s dive into the 10 ASX 200 shares that outperformed all others in today’s session.

Top 10 ASX 200 shares countdown

Taking out the top spot on the ASX 200 on Friday was the BrainChip Holdings Ltd (ASX: BRN) share price. That’s despite there having been no news from the company in nearly six weeks.

These shares made today’s biggest gains:

ASX-listed company	Share price	Price change
BrainChip Holdings Ltd (ASX: BRN)	$0.468	8.7%
AUB Group Ltd (ASX: AUB)	$27.40	5.96%
Xero Limited (ASX: XRO)	$108.00	5.38%
Syrah Resources Ltd (ASX: SYR)	$0.98	4.81%
Insurance Australia Group Ltd (ASX: IAG)	$5.19	4.64%
Polynovo Ltd (ASX: PNV)	$1.405	4.46%
Imugene Limited (ASX: IMU)	$0.12	4.35%
Virgin Money UK CDI (ASX: VUK)	$2.91	3.56%
Block Inc (ASX: SQ2)	$89.20	3.25%
Elders Ltd (ASX: ELD)	$7.00	3.25%

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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• Xero share price can still rise almost 30% from here: Goldman Sachs

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 Block, PolyNovo, and Xero. The Motley Fool Australia has positions in and has recommended Block and Xero. The Motley Fool Australia has recommended Aub Group and Elders. 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 you’re wanting to gain exposure to the small side of the market, the shares listed below could be worth considering.

Both of these small cap ASX shares have been tipped as buys by analysts. Here’s why:

Maas Group Holdings Ltd (ASX: MGH)

Goldman Sachs believes that Mass Group could be a small cap ASX share to buy.

Maas Group is a leading provider of property, construction, and infrastructure solutions, predominantly in regional Australia.

Goldman Sachs is positive on the company largely due to its belief that the company’s ongoing transition will underpin higher quality earnings in the future. It explains:

We believe MGH is in a transition phase and will see higher quality real estate income become the largest source of earnings in the next 3-5 years. We believe the market is mispricing how MGH’s civil and construction capabilities support the property development business to deliver best-in-class margins and asset turnover. In our view the value created through the development of quality annuity revenue from Build-to-Rent (BTR), Land Lease (potentially generating a 4.5x ROIC annuity income stream) and commercial real estate projects could re-rate the stock.

Goldman has a buy rating and $4.00 price target on its shares. This implies 20% upside from current levels.

PeopleIn Ltd (ASX: PPE)

Over at Morgans, its analysts believe the PeopleIn would be a great small cap ASX share to buy right now.

PeopleIn is a talent solutions company in Australia and New Zealand, servicing over 4,200 businesses across three verticals – Healthcare and Community, Professional Services, and Industrial and Specialist Services. Through its nationwide footprint and 26 brands, it employs over 33,500 workers every year.

Morgans believes its shares are very cheap at current levels, particularly given its defensive earnings and positive growth outlook. It commented:

The post Analysts are tipping big returns from these small cap ASX shares appeared first on The Motley Fool Australia.

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More reading

• Fundie reveals the ASX All Ords stock trading at a 35% discount
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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 Peoplein. The Motley Fool Australia has recommended Peoplein. 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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