If you’re looking for an easy way to invest, then exchange traded funds (ETFs) could be the answer.

But which ETFs might be top options right now?

Named below are three quality ETFs that could be worth considering right now:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The first ETF to look at is the BetaShares Asia Technology Tigers ETF.

With China reopening from the pandemic, it could be a quality option for investors. That’s because it provides investors exposure to many of the best tech stocks in the Asian region.

This means you’ll be buying well-known companies such as ecommerce giant Alibaba, search engine company Baidu, and WeChat owner Tencent.

VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)

Another ETF to consider is the VanEck Vectors Morningstar Wide Moat ETF. It could be a quality option for anyone that is keen to follow in the footsteps of legendary investor Warren Buffett.

This ETF tracks an index which has been designed to replicate the type of investments that Buffett makes. These are companies with fair valuations and sustainable competitive advantages or moats. And given the Oracle of Omaha’s incredible track record, it’s hard to argue against this strategy.

The ETF changes its constituents regularly to reflect valuation changes, but generally comprises approximately 50 companies with the aforementioned qualities. At present, these include the likes of Alphabet, Boeing, Kellogg Co, Meta Platforms, and Walt Disney.

Vanguard MSCI Index International Shares ETF (ASX: VGS)

A final ETF to look at is the Vanguard MSCI Index International Shares ETF. This could be a good option if you’re looking to diversify your portfolio.

That’s because this popular ETF gives investors access to approximately 1,500 of the world’s largest listed companies.

This also allows investors to take part in the long term growth potential of international economies. Among the shares that you’ll be owning are giants including Amazon, Apple, Nestle, Procter & Gamble, Tesla, and Visa.

The post 3 fantastic ETFs for ASX investors to buy this month appeared first on The Motley Fool Australia.

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More reading

• With almost no investments at 30, can ASX shares still make me rich?
• I think these two ASX ETFs are great buys as inflation cools
• 3 of the best ASX ETFs for investors to buy in January
• 2022 wasn’t kind to the Vanguard MSCI Index International Shares ETF (VGS). What now?
• How I’d invest $300 a month in ASX dividend shares to target a $30,000 annual second income

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 Vanguard Msci Index International Shares ETF. The Motley Fool Australia has recommended Betashares Capital – Asia Technology Tigers Etf, VanEck Morningstar Wide Moat ETF, and Vanguard Msci Index International Shares ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Xero Limited (ASX: XRO) share price descended 39% in the last year, but could it bounce back in the future?

Xero shares fell 2.27% today to close at $72.62. For perspective, the S&P/ASX 200 Index (ASX: XJO) fell 0.03% today.

Let’s take a look at the outlook for the Xero share price.

What’s ahead in the future?

Xero is a global cloud technology company with a presence in Australia, the United States, New Zealand and the United Kingdom.

Analysts at Morgans tip Xero’s earnings per share to explode 185% from 10.6 cents per share in FY23 to 30.2 cents per share in FY24.

Investment adviser Jabin Hallihan, commenting on The Bull, said:

Selective exposure to technology stocks is likely to deliver value due to their ability to grow earnings faster than GDP, regardless of interest rate movements. 

We prefer high quality technology companies with net cash balance sheets and pricing power.

Xero reported a $9.2 million increase in free cash flow in the half year ended 30 September 2022. The company had $1.1 billion in total available liquid resources at this time.

Morgans is recommending shareholders buy Xero. The broker has placed a $77 price target on the company’s share price. This implies a 6% upside based on the current share price.

Meanwhile, Goldman Sachs is also recommending investors buy the Xero share price. Goldman sees Xero as a “compelling global growth story”. Analysts said:

We see Xero as very well placed to take advantage of the digitisation of SMBs globally, driven by compelling efficiency benefits and regulatory tailwinds, with >100mn SMBs worldwide representing a >NZ$76bn TAM.

Following the recent underperformance (absolute/relative), we see an attractive entry point into a compelling global growth story and our preferred large-cap technology name in ANZ, and are buy rated.

Xero share price snapshot

The Xero share price has climbed more than 3% in the year to date but has fallen 1% in the last month.

For perspective, the benchmark ASX 200 index has slid 0.42% in the last year.

Xero has a market capitalisation of about $10.9 billion based on the current share price.

The post Xero earnings per share forecast to surge 180% in FY24: Morgans appeared first on The Motley Fool Australia.

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More reading

• Tech turnaround: Expert picks 2 ASX shares to buy for a 2023 revival
• Here are the top 10 ASX 200 shares today
• Waiting for ASX shares to bottom? Why you could miss out on a stock market rally
• 5 things to watch on the ASX 200 on Monday
• Analysts say these ASX growth shares can generate huge returns for investors

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 positions in and has recommended Xero. The Motley Fool Australia has positions in and has recommended Xero. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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If you are looking to bolster your portfolio with some ASX 200 blue chip shares, you may want to look at the two listed below that Goldman Sachs rates highly.

Here’s why its analysts think they are in the buy zone now:

Cochlear Limited (ASX: COH)

The first ASX 200 blue chip share that Goldman has named as a buy is this leading hearing solutions companies.

Thanks to its portfolio of world class products in an industry with high barriers of entry, Cochlear has been growing at a strong rate for well over a decade. And with the industry now benefiting from favourable tailwinds such as ageing populations, it appears well-placed to continue this trend long into the future.

Goldman Sachs currently has a buy rating and $247.00 price target on its shares. The broker feels that Cochlear is well-placed to hit the top end of its guidance in FY 2023. It said:

In our view, the backdrop for this year appears relatively more favourable, and we see clear scope for COH to deliver at the upper-end of another solid guidance (+8-13% to $290-305m, with further accretion possible from the Oticon Medical transaction, which is yet to close).

REA Group Limited (ASX: REA)

Another ASX 200 blue chip share to Goldman rates highly is property listings company REA Group.

It is the company behind the realestate.com.au website, which is dominating the ANZ market with an average of well over 100 million monthly visits. This is over three times greater than its nearest competitor.

It is thanks to this dominant market position, together with acquisitions and new revenue streams, that REA Group has been tipped to deliver the goods again in FY 2023 despite the housing market downturn.

Goldman Sachs has a buy rating and $158.00 price target on its shares. It said:

We remain confident that REA can continue deliver > 10% yield growth in FY23, despite the challenging backdrop, supported by ongoing increases in Premiere All attachment, Price rises, and Premiere Plus attachment (contributes GSe +4%/+3% yield driver in FY23/24).

The post Goldman Sachs says these ASX 200 blue chip shares are buys appeared first on The Motley Fool Australia.

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More reading

• 3 ASX 200 shares with highly-scalable business models
• Here are the top 10 ASX 200 shares today
• How I’d invest my very first $500 in ASX shares in 2023
• Here are the top 10 ASX 200 shares today
• My top predictions for ASX 200 shares in 2023

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 Cochlear. The Motley Fool Australia has recommended Cochlear and REA 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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The 2023 hunt for income is already underway and the current landscape might position ASX dividend shares as the frontrunner this year.

Last week, Australians were informed that inflation had rebounded to a 7.3% year-on-year increase. Yet, returns on cash in the bank with the big four are sitting between 3.25% to 3.75%. In other words, cash is producing a negative real return.

Even if the Reserve Bank of Australia lifts rates again next month, cash won’t yield a positive real return until inflation is near the target range. That’s why I would much rather invest my money in fantastic businesses that are creating value for shareholders.

The total dividend yield of the S&P/ASX 200 Index (ASX: XJO) is expected to be 4.4% before franking credits this year, according to Don Hamson of Plato Investment Management. That means an investment in an indexed-based exchange-traded fund (ETF) alone could provide better returns than cash in 2023.

However, there are two ASX dividend shares that I believe could deal out even better dividend yields.

Cash cow to keep mooing

If I was looking to supercharge my passive income this year, it would be hard to pass on Queensland coal producer New Hope Corporation Limited (ASX: NHC). The company is currently trading a monstrous dividend yield of 13.4%.

The exceptionally high yield could be due to an unwillingness among investors to push the share price of this ASX 200 company higher in fear of falling coal prices. Since May last year, the commodity has floated sideways.

I personally find it hard to believe that the energy squeeze will be solved this year. Sanctions on Russian oil will remain in place while the Ukraine invasion persists; new sources of energy supply take time to reach production; and market interventions could amplify the issues.

Additionally, even if coal prices weaken throughout 2023, New Hope holds around $625 million in net cash that it could dip into to fund its payments.

Another ASX 200 dividend share I’d set my sights on

The other individual stock I’d be picking for beefing up my income stream is Smartgroup Corporation Ltd (ASX: SIQ). The provider of various employment packaging solutions has had a rough trot over the past year — shares are down 25%.

Many investors have parted ways with Smartgroup shares after a takeover failed to materialise in 2022 and the company lost one of its top 20 customers. In turn, the dividend yield has been inflated to a tall 12%.

Being realistic, I believe Smartgroup will reduce its dividends this year. My forecast is for dividends per share to decrease by 40% to 60% compared to last year. However, this could still beat the 4.4% yield of the ASX 200.

The attractive proposition in Smartgroup is the potential capital appreciation alongside a respectable income. At the current price-to-earnings (P/E) ratio of 11 times earnings, I’d estimate the potential for 25% growth in the Smartgroup share price to trade more in line with its peers.

The post ASX 200 to yield 4.4% in 2023. These 2 dividend shares pay more than twice that appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Attention income investors! These 7 ASX 200 dividend shares are projecting yields of 7%+ in FY24
• Burning hot: The outlook for ASX 200 energy shares in 2023
• Here are the top 10 ASX 200 shares today
• 6 ASX mining shares just upgraded by brokers

Motley Fool contributor Mitchell Lawler has positions in Smartgroup. 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 Smartgroup. 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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Given the market’s aversion for loss-making tech stocks, Brainchip Holdings Ltd (ASX: BRN) shares would likely be given a major boost if the semiconductor company became profitable.

But what are the chances of that happening in 2023?

Will Brainchip be profitable in 2023?

Unfortunately, it is difficult to say if Brainchip will be profitable this year. However, it seems highly unlikely that it will be profitable any time soon given that it has just diluted shareholders by raising funds through its agreement with alternative investment company LDA Capital.

Brainchip is issuing LDA Capital with 30 million shares (and possibly 10 million more if shareholders approve) at a yet to be determined price.

You would imagine that if it were confident that its sales would grow enough to reach profitability, it wouldn’t be seeking these funds.

No broker coverage

Unlike almost all ASX 200 shares, Brainchip doesn’t have any coverage by the major brokers.

This could mean that analysts don’t believe the company is investment grade.

As well as being a bit of a red flag, it also means investors can’t use broker data as a guide for if and when the company achieves profitability.

Big quarterly update coming

In light of the above, investors may want to look out for the company’s upcoming quarterly update.

For a couple of quarters, the company has been talking up its sales pipeline. For example, in its last quarterly update, which saw Brainchip report pitiful cash receipts of US$100k, its CEO Sean Hehir commented:

We are seeing the greatest amount of sales activity and engagement in the Company’s history […] We remain positive on future market penetration and broad adoption of Brainchip’s technology.

Its next update will likely demonstrate whether there is meaningful demand for its technology in a market dominated by tech behemoths and whether it deserves its whopping $1.2 billion market capitalisation.

And with short sellers targeting the company, shareholders will no doubt be hoping Brainchip delivers the goods.

Time will ultimately tell if Brainchip can become profitable and be more than just a meme stock.

The post Will BrainChip turn a profit in 2023? appeared first on The Motley Fool Australia.

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• Why Brainchip, Core Lithium, Deterra Royalties, and Mesoblast shares are falling
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• ASX 200 tech shares are leading the market higher 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) fell on Tuesday, posting its third – albeit small – decline of 2023. The index ended the day 0.03% lower at 7,386.3 points.

It was a mixed session across the market, with the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) leading the way.

The sector gained 1.8%, led by shares in supermarket operators Coles Group Ltd (ASX: COL), Woolworths Group Ltd (ASX: WOW), and Metcash Limited (ASX: MTS).

Meanwhile, the S&P/ASX 200 Utilities Index (ASX: XUJ) weighed heaviest, falling 1.2% as the Origin Energy Ltd (ASX: ORG) share price dumped 2.1%.

The company announced the consortium looking to snap it up has requested more time to complete due diligence.

 Mining shares also suffered today, with the S&P/ASX 200 Materials Index (ASX: XMJ) falling 1.1%.

So, after considering all that, let’s take a look at the 10 shares taking out the top spots on the ASX 200 on Tuesday.

Top 10 ASX 200 shares countdown

Today’s top-performing ASX 200 share was battery materials and technology provider Novonix Ltd (ASX: NVX). The stock leapt 5.5% to close at $1.92 despite the company’s silence.

These shares made today’s biggest gains:

ASX-listed company	Share price	Price change
Novonix Ltd (AS: NVX)	$1.92	5.49%
Metcash Limited (ASX: MTS)	$4.13	2.74%
Johns Lyng Group Ltd (ASX: JLG)	$6.07	2.71%
Orora Ltd (ASX: ORA)	$3.04	2.7%
Woolworths Group Ltd (ASX:WOW)	$34.76	2.45%
Endeavour Group Ltd (ASX:EDV)	$6.49	2.04%
Coles Group Ltd (ASX: COL)	$17.15	2.02%
Charter Hall Group (ASX: CHC)	$13.45	1.97%
Goodman Group (ASX: GMG)	$19.42	1.94%
Fisher & Paykel Healthcare Corp Ltd (ASX: FPH)	$22.77	1.83%

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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More reading

• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Why I’ll be buying more ASX dividend shares for my portfolio in 2023
• ‘Upwards trend to continue’ for this ASX 200 gold share: expert
• Buy ‘underappreciated’ Origin Energy shares for 20% upside: Morgan Stanley
• 5 things to watch on the ASX 200 on Tuesday

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 Johns Lyng Group. The Motley Fool Australia has positions in and has recommended Coles Group. The Motley Fool Australia has recommended Johns Lyng Group and Metcash. 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 recent run for the S&P/ASX 200 Index (ASX: XJO) and ASX shares seems to have come to an end, at least so far this Tuesday. 

At the time of writing, the ASX 200 has slipped by a small but still significant 0.1% to just over 7,380 points. That was despite a brief foray into positive territory around midday. 

But rather than dwelling on that, let’s instead check out the ASX 200 shares that are currently at the top of the share market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Tuesday

Pilbara Minerals Ltd (ASX: PLS)

First up today is a common appearance on this list, the ASX 200 lithium heavyweight Pilbara Minerals. So far this Tuesday, a chunky 17.5 million Pilbara shares have been exchanged on the share market. There’s been no official news out of Pilbara Minerals today.

So it’s possible that this volume is down to the movements of Pilbara shares themselves. At present, this leading lithium producer has just scraped back into the green, up 0.25%, and is sitting at $4.05 a share.

However, Pilbara shares have been very bouncy today, and have traded between $3.95 and $4.08 each. Also assisting volumes could be the speculation that Pilbara could announce its maiden dividend in 2023.

Tabcorp Holdings Ltd (ASX: TAH)

Next up, we have the ASX 200 gaming company Tabcorp. Thus far, 19.62 million Tabcorp shares have been wagered on the share market.

Tabcorp hasn’t made any announcements whatsoever in 2023 yet. So we can rule out that. So again, let’s turn to the company’s share price performance today. Tabcorp opened strongly this morning, rising as high as $1.20 a share.

But investors have gotten cold feet over the gaming company, with Tabcorp shares now down 1.35% at $1.095 each. This bouncy performance, together with Tabcorp’s relatively low share price compared to its market capitalisation is probably the cause of this elevated volume.

Core Lithium Ltd (ASX: CXO)

Last up this Tuesday is another ASX 200 lithium share in Core Lithium. This Tuesday’s session has seen a decent 20.27 million Core shares bought and sold as it currently stands. There hasn’t been much out of Core either.

So again, we probably have the company’s share price movements to thank for this volume. Core Lithium has fared far worse than Pilbara today, with the company shedding a nasty 4.69% so far to $1.015 a share. That’s without the midday pop into positive territory that Pilbara enjoyed too.

The post Here are the 3 most heavily traded ASX 200 shares on Tuesday appeared first on The Motley Fool Australia.

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More reading

• Why I’ll be buying more ASX dividend shares for my portfolio in 2023
• 3 catalysts for Core Lithium shares to rip higher in 2023
• ‘Upwards trend to continue’ for this ASX 200 gold share: expert
• Buy ‘underappreciated’ Origin Energy shares for 20% upside: Morgan Stanley
• Can Pilbara Minerals shares really deliver an 8% dividend yield in 2023?

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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The Lake Resources N.L. (ASX: LKE) share price has climbed nearly 3% year to date, but can it keep going higher?

Lake shares are rising 1.54% today and are currently fetching 82.3 cents. For perspective, the S&P/ASX 200 (ASX: XJO) has climbed 0.13% today.

Let’s take a look at the outlook for Lake Resources in 2023.

Lithium exploration and extraction progress

Lake Resources is a lithium developer working to extract high purity lithium from the Kachi Project in Argentina. Lake Resources is also developing three other lithium brine projects in Argentina.

Any progress on lithium extraction at the company’s projects could provide a boost for Lake Resources shares in 2023.

Lake shares leapt higher on 10 January on news of important milestone achievements at the Kachi project. Lake’s direct lithium extraction technology partner Lilic has managed to operate the lithium processing demonstration plant for 1,000 hours, producing 40,000 litres of lithium chloride. This will be shipped to Saltworks for conversion to lithium carbonate.

In other recent news, the mineral resource estimate at the Kachi project has now doubled to 2.2 million tonnes of measured and indicated lithium carbonate equivalent. The inferred resource has now lifted to 3.1 million tonnes.

Lake has now expanded its operating team to oversee the next stage of development of the Kachi project. The company is planning to complete a definitive feasibility study on the processing plant by mid-2023.

Lake has a business plan to produce 50,000 tonnes per year of lithium carbonate. The company plans to complete a “rigorous evaluation” of project timelines and estimated capital costs and report in the second quarter of 2023.

News on a final investment decision on this project or any further positive news at the demonstration plant could provide Lake Resources with a boost this year. Sales of lithium appear to be still a while away.

Broker coverage

Any positive broker sentiment could provide Lake Resources shares with a boost in 2023. Analysts at Bell Potter have a positive outlook on the Lake Resources share price. Bell Potter has a speculative buy rating on Lake Resources with a $2.52 price target. This implies a mammoth upside of 206%.

On the flip side, Lake Resources has been attracting short interest again lately. Short seller J Capital is continuing to target Lake Resources due to technology and funding concerns, as my Foolish colleague James reported recently.

Lithium prices

Lithium prices and demand sentiment for electric vehicles (EVs) could impact Lake Resources shares in 2023. The lithium price and EV demand tend to weigh on multiple ASX lithium shares each week, including Lake Resources.

The Office of the Chief Economist is tipping spodumene prices to rise from US$2,700 a tonne on average in 2022 to US$4010 in 2023.

However, Goldman Sachs has a more bearish outlook on lithium prices. Goldman is tipping lithium hydroxide to fall from US$76,650 a tonne to US$58,650 a tonne in 2023.

Looking at electric vehicle demand, EY Global has recently predicted EV sales in the US, China and Europe to “outstrip” all other engine sales by 2030.

Meanwhile, a survey conducted by money.com.au has recently found 42% of Australians will buy an EV as their next car purchase.

Lake Resources share price snapshot

The Lake Resources share price has slid nearly 13% in the last year.

Lake Resources has a  market capitalisation of about $1.1 billion based on the current share price.

The post 3 catalysts for Lake Resources shares to take off in 2023 appeared first on The Motley Fool Australia.

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More reading

• Here are the 10 most shorted ASX shares
• Here are the top 10 ASX 200 shares today
• Why is the Lake Resources share price racing higher on Wednesday?
• Why Lake Resources, Platinum, Polynovo, and Volpara shares are charging higher
• Lake Resources share price jumps 8% on ‘key milestones’ achievement

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The All Ordinaries Index (ASX: XAO) is wobbling in and out of the green on Tuesday, but its volatility hasn’t proven enough to stop five shares that call the index home from posting brand new 52-week highs.

Indeed, some gained as much as 9% to surpass the milestone measurement earlier today.

Right now, the All Ords is down 0.13%, trading at 7,378.6 points.

So, what’s going right for these All Ords shares on Tuesday? Let’s take a look.

5 ASX All Ords shares surpassing 52-week highs today

The A2 Milk Company Ltd (ASX: A2M) share price soared 2.9% to trade at $7.14 at its Tuesday peak – marking a new 18-month high.

Interestingly, there’s been no price-sensitive news from the milk and infant formula producer since November.

However, the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) is also outperforming today, gaining 1.52% at the time of writing.

It’s also a good day to be invested in All Ords tech share Data#3 Limited (ASX: DTL). The stock soared 9% earlier today to trade at an all-time high of $7.32.

Its surge came on the back of news the IT services and solutions provider expects its first-half pre-tax profits to come in at the high end of its prior guidance.

Data#3 previously flagged between $21 million and $25 million of profits for the period.

Joining its tech peer in posting a new 52-week high today is fellow All Ords share Weebit Nano Ltd (ASX: WBT). The stock rose 3.6% earlier today to reach $4.65 – its highest point in nearly 10 years.

It’s now gained a whopping 30% since it announced the tape-out of its 22-nanometre memory chip technology.

The EBOS Group Ltd (ASX: EBO) share price is also at a 10-year high today. In fact, the stock hit its highest point since its 2013 initial public offering (IPO) earlier today when it soared 8.6% to trade at $45.77.

Interestingly, there’s been no news from the New Zealand-based healthcare, medical, and pharmaceutical distributor since August.

Finally, fellow All Ords healthcare share Aroa Biosurgery Ltd (ASX: ARX) hit a new 52-week high of $1.19 earlier today. That marked a 3.5% gain today.

It’s the seventh time the stock has surpassed the milestone in 2023 so far.

The post 5 ASX All Ords shares cracking new 52-week highs on Tuesday appeared first on The Motley Fool Australia.

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More reading

• Why Arafura, Data#3, Leo Lithium, and Zip shares are charging higher today
• 2 ASX All Ords shares cracking new 52-week highs on Tuesday
• My 3 best ASX shares of 2022 – and why I think they’ll win again in 2023
• The A2 Milk share price rocketed 20% in 2022. Is it too late to buy for 2023?
• 5 profitable ASX shares you probably have never heard of

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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended A2 Milk. 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 ASX share market has plenty of options for investors to choose from to build wealth. An adult can start investing at any age – 20, 30, or even 70.

One of the most powerful tools we can use to help grow our finances is compounding. Albert Einstein, once supposedly said:

Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it.

The longer we give compounding to work, the easier it is. But that doesn’t mean it’s not worth doing if we haven’t started as early in life as we’d like.

Wealth-building examples

I think one of the easiest ways of showing how ASX shares can build wealth is with a compound interest calculator.

If someone was 30, had $0 invested, and decided to invest $500 a month, with a share portfolio returning an average of 10% per annum, it would grow into $343,650 after 20 years and almost $1 million after 30 years.

Investing $1,500 a month grows into $1.03 million after 20 years and $2.96 million after 30 years if it compounded at 10% per annum.

Don’t forget that employees are meant to receive superannuation contributions which can play a big part in wealth building. Indeed, superannuation contributions could make up the majority of the necessary money needed to build someone’s net worth to more than $1 million.

However, which ASX shares to invest in is an entirely different question.

One of the easiest investment options is an exchange-traded fund (ETF). An ETF allows investors to buy a whole group of shares at once, rather than having to buy one investment at a time. It can save a lot of time and brokerage fees, as well as enabling investors to track the market return for a low fee.

The Vanguard MSCI Index International Shares ETF (ASX: VGS) is one of the most diversified ETFs with more than 1,400 holdings across the world. The US has by far the biggest allocation of any country because that’s where many of the world’s global leaders are based, such as Apple, Microsoft, Alphabet, Amazon.com, Johnson & Johnson, Exxon Mobil, Berkshire Hathaway, and Nvidia.

Since its inception in November 2014, the ETF has returned an average of 10.6% per annum, though the past is not a guarantee of future results.

Which other ASX shares could generate good returns?

I think the best investment strategy is to invest for the long term. In terms of which ASX shares could be good investments for at least a decade or longer, names like VanEck Morningstar Wide Moat ETF (ASX: MOAT), Wesfarmers Ltd (ASX: WES), and Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) could make good returns for investors in my opinion.

It’s never too late to start investing. I would love to build a $1 million portfolio myself but it’s going to take a lot of work to get there.

The post With almost no investments at 30, can ASX shares still make me rich? appeared first on The Motley Fool Australia.

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More reading

• Is Wesfarmers a ‘safe’ ASX 200 share to buy for dividends?
• Experts say these top ASX dividend shares are buys right now
• Are ASX 200 retail shares on sale in 2023?
• I think these two ASX ETFs are great buys as inflation cools
• 3 of the best ASX ETFs for investors to buy in January

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Motley Fool contributor Tristan Harrison has positions in Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet, Apple, Berkshire Hathaway, Microsoft, Nvidia, Vanguard Msci Index International Shares ETF, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Johnson & Johnson and has recommended the following options: long January 2023 $200 calls on Berkshire Hathaway, long March 2023 $120 calls on Apple, short January 2023 $200 puts on Berkshire Hathaway, short January 2023 $265 calls on Berkshire Hathaway, and short March 2023 $130 calls on Apple. The Motley Fool Australia has positions in and has recommended Washington H. Soul Pattinson and Company Limited and Wesfarmers. The Motley Fool Australia has recommended Alphabet, Apple, Berkshire Hathaway, Nvidia, VanEck Morningstar Wide Moat ETF, and Vanguard Msci Index International Shares 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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