It has been a rough year for a number of ASX shares. A return of 0% would seem pretty good when some names have fallen by 40%, 50%, or even more. But, a handful of names are close to their 52-week highs.

Just because something has gone up doesn’t mean it’s going to keep rising. But, with a few of them, I believe they could keep doing well in 2023 and potentially beyond.

So, let’s get into those ideas.

Ridley Corporation Ltd (ASX: RIC)

Ridley says that it’s “Australia’s leading provider of high-performance animal nutrition solutions”.

“Ridley has been an integral part of Australian agriculture for almost 30 years, building strong partnerships with suppliers, customers, and local communities,” the company says.

It works with a variety of farmers, from the “huge pastoral farms of Northern Australia, to the backyard hobbyists, to the entrepreneurs, to the enthusiasts”.

The Ridley share price has gone up by 30% in 2022 to date.

Management believes FY23 first-half earnings before interest, tax, depreciation and amortisation (EBITDA) will improve year over year thanks to positive contributions from its growth initiatives, as well as favourable product pricing.

It said being the market leader is providing scale benefits, enabling it to employ specialists and adopt technology. The ASX share said its product and customer mix means it can provide earnings resilience through “weather, diseases, and market cycles”.

The company wants to provide an improved customer experience, which can help increase demand and improve margins.

According to the estimate on Commsec, it’s priced at under 16x FY23’s estimated earnings.

Qantas Airways Limited (ASX: QAN)

The Qantas share price has managed to produce a rise of 15% over 2022.

I think the airline has done very well in terms of making profit and improving its balance sheet position.

However, the ASX share is expecting yet more capacity to return, which could be very useful in capturing more passenger demand. Don’t forget, not all of its international capacity has returned to pre-COVID levels yet.

The oil price has been drifting lower over the last few months. It’s close to pre-Ukraine war levels, which could improve Qantas’ operating costs in the year ahead. The cheaper it is to fly, the more this helps the airline’s profit margins.

China’s reopening could lead to more Chinese tourists using Qantas planes as well, which could be a further boost.

In the first half of FY23, Qantas is expecting to make between $1.35 billion to $1.45 billion of underlying profit before tax.

A2 Milk Company Ltd (ASX: A2M)

A2 Milk is a leading infant formula company. The A2 Milk share price has risen by around 25% since the start of the year. It’s up almost 60% over the past six months.

The ASX share is expecting revenue and profit growth in FY23, as it passes on price increases to customers.

But, news of a return of Chinese tourists could be a useful boost for the ASX share in time. Daigou buyers could return, as well as stronger demand for A2 Milk products.

The post 3 ASX shares near 52-week highs I think can climb higher appeared first on The Motley Fool Australia.

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More reading

• Why is the Flight Centre share price in the red today?
• I think these 3 ASX shares could benefit from a Chinese tourism boom
• Top brokers name 3 ASX shares to buy next week
• Could A2 Milk shares pay a dividend in 2023?
• Why Qantas shares could be a bargain buy – Goldman Sachs

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has 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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On Thursday, the S&P/ASX 200 Index (ASX: XJO) followed Wall Street’s lead and dropped deep into the red. The benchmark index fell 0.95% to 7,020.1 points.

Will the market be able to bounce back from this on Friday and end the year on a high? Here are five things to watch:

ASX 200 expected to jump

The Australian share market looks set to end the week and year in a very positive fashion following a strong night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open 67 points or 0.95% higher this morning. In late trade in the United States, the Dow Jones is up 1.2%, the S&P 500 has risen 1.9%, and the Nasdaq has jumped 2.65%. This was driven by the release of US jobs data.

Oil prices fall

Energy producers Beach Energy Ltd (ASX: BPT) and Woodside Energy Group Ltd (ASX: WDS) could have a poor finish to the week after oil prices dropped overnight. According to Bloomberg, the WTI crude oil price is down 0.7% to US$78.45 a barrel and the Brent crude oil price is down 1.1% to US$82.33 a barrel. Chinese demand fears weighed on prices.

Tech shares to rebound

It looks set to be a great finish to a disappointing year for ASX tech shares on Friday following a very strong night on the NASDAQ index. The tech-focused index is up 2.65% at the time of writing, which should be good news for tech shares such as Altium Limited (ASX: ALU) and Xero Limited (ASX: XRO) today.

Gold price rises

Gold shares Newcrest Mining Ltd (ASX: NCM) and St Barbara Ltd (ASX: SBM) could have a decent finish to the week after the gold price rose overnight. According to CNBC, the spot gold price is up 0.5% to US$1,824.70 an ounce. Traders were buying gold after US jobs data appeared to support less aggressive rate hikes.

Lithium shares on watch

It has been a tough few weeks for ASX 200 lithium shares such as Pilbara Minerals Ltd (ASX: PLS) and Allkem Ltd (ASX: AKE). But they look set to end the year with a strong session after their US listed peers charged higher overnight. For example, at the time of writing, US$22 billion lithium giant SQM is trading 3% higher.

The post 5 things to watch on the ASX 200 on Friday appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• The top five ASX 200 shares in Macquarie’s model portfolio
• Why is the Flight Centre share price in the red today?
• 3 ASX lithium shares to buy with 40%+ upside: analysts
• Brokers name 3 ASX shares to buy today

Motley Fool contributor James Mickleboro has positions in Allkem, Altium, and Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Altium and 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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The S&P/ASX 200 Index (ASX: XJO) finished today 0.94% in the red. But three ASX mining shares closed trade smashing the index.

The Sayona Mining Ltd (ASX: SYA), Metals X Limited (ASX: MLX) and Strategic Elements Ltd (ASX: SOR) share prices were all soaring today.

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

Sayona Mining

Sayona Mining shares lifted 7.35% today. However, Sayona shares sank 11% in yesterday’s trade. Investors may have been buying up Sayona shares following recent declines. The Sayona Mining share price has tumbled 48.45% since 13 September. Looking ahead, Sayona recently announced its North American Lithium operation is on track to restart production in the first quarter of 2023.

Sayona shares have soared 40% in the last year.

Strategic Elements

Strategic Elements shares soared 51.11% on Thursday. In today’s news, Strategic Elements advised the market of “outstanding battery development success”. The company reported successful developments in Energy Ink, a new power source that produces electrical energy from moisture in the air.

Commenting on the news, managing director Charles Murphy said:

The technology is evolving at a rapid rate. It was a fantastic result to clearly produce more than enough power compared to a leading existing glucose monitoring patch being used by millions of people worldwide and to have the excess potential for a manufacturer to include more advanced sensing or other features.

The Strategic Elements share price has descended more than 30% in the last year.

Metals X Limited

The Metals X share price leapt 7.81% today. The company did not released any news to the market today. Metals X touts itself as Australia’s biggest tin producer and has a 50% equity interest in the Renison Tin Operation in Tasmania. Tin futures are up 0.02% today and have leapt 7.63% in the last month, Trading Economics data shows. In a recent presentation, Metals X said it is debt free.

Metals X shares have lost nearly 27% in the last year.

The post 3 ASX mining shares that left the index in the dust on Thursday appeared first on The Motley Fool Australia.

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More reading

• Why Bowen Coking Coal, Domino’s, Sayona Mining, and Strategic Elements are rising
• Why did the Sayona Mining share price sink 11% today?
• Here are the 10 most shorted ASX shares
• While the ASX 200 struggled in 2022, investors doubled down on lithium shares. Here’s why
• Why has the Sayona Mining share price tanked 10% in 2 weeks?

Motley Fool contributor Monica O’Shea has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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If you’re wanting to strengthen your portfolio in 2023 with some ASX 200 blue chip shares, you may want to look at the two listed below.

Both have recently been named as buys by brokers. Here’s why they could be blue chip shares to buy:

Goodman Group (ASX: GMG)

The first blue chip ASX 200 share to look at is Goodman Group.

It is a leading integrated commercial and industrial property company with operations across the world. Among its portfolio are warehouses, data centres, large scale logistics facilities, and business and office parks.

Over the last decade, demand for Goodman’s properties has been strong and has underpinned sky high occupancy rates and solid earnings growth.

Pleasingly, Goldman Sachs expects this strong growth to continue in FY 2023. In fact, the broker believes “GMG can deliver FY23 growth ahead of initial guidance” of 11%. This is due to “strong development WIP at strong margins” and further assets under management growth.

Goldman currently has a buy rating and $24.20 price target on the company’s shares.

Treasury Wine Estates Ltd (ASX: TWE)

Another blue chip ASX 200 share that is highly rated is Treasury Wine. It the global wine giant behind a range of popular brands including Penfolds.

Treasury Wine certainly has been through a lot in recent years (kicked out of China/COVID), but has overhauled its business very successfully. So much so, the team at Morgans believe “the foundations are now in place for TWE to deliver strong earnings growth” in the coming years.

As a result, it will come as no surprise that Morgans has named Treasury Wine as a “key pick”.

Its analysts currently have an add rating and $15.71 price target on its shares.

The post Brokers name 2 high quality blue chip ASX 200 shares to buy appeared first on The Motley Fool Australia.

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• 3 big ASX share winners in 2022 that could soar again next year
• Bell Potter names 3 stellar ASX 200 shares to own in 2023
• Looking to buy ASX shares for your kids this Christmas? I think these are great options
• Here’s why analysts rate these blue chip ASX 200 shares as buys
• Experts say these strong blue chip ASX 200 shares are buys for 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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended Treasury Wine Estates. 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 thing the Australian share market is not short of is dividend shares.

And while the average yield of approximately 4% is very attractive, some shares could offer even greater yields in 2023.

Two high-yield ASX 200 income shares are listed below. Should you buy them for an income boost?

Harvey Norman Holdings Limited (ASX: HVN)

The first ASX 200 income share to look at is retail giant Harvey Norman.

With its shares down 18% this year, Goldman Sachs believes they are trading at an attractive level.

This is due to the broker’s belief that Harvey Norman is well-placed to defend its strong market position from online disruption thanks to its favourable customer demographics. Goldman expects this to lead to above consensus earnings and big dividends in the near future.

As a result, the broker has a buy rating and $4.80 price target on its shares.

In addition, Goldman is expecting fully franked dividends of 38 cents per share in FY 2023 and 32 cents per share in FY 2024. Based on the current Harvey Norman share price of $4.12, this will mean yields of 9.2% and 7.8%, respectively.

Whitehaven Coal Ltd (ASX: WHC)

Another ASX income share that has been tipped as a buy is Whitehaven Coal.

It is a coal miner that is printing money at the moment thanks to sky high coal prices.

And with coal prices expected to remain strong in the near term, Whitehaven Coal appears well-placed to reward its shareholders with big dividends in 2023 and 2024.

In fact, the team at Morgans is forecasting fully franked dividends per share of 115 cents in FY 2023 and 95 cents in FY 2024. Based on the latest Whitehaven Coal share price of $9.31, this will mean yields of 12.3% and 10.2%, respectively.

Morgans also sees plenty of value on offer with its shares. It has an add rating and $11.20 price target on them.

The post 9% and 12% dividend yields! Should I buy these ASX 200 income shares? appeared first on The Motley Fool Australia.

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• Why Invictus Energy, Star, Whitehaven Coal, and Woodside shares are dropping
• This Whitehaven Coal director just sold 25% of their company shares. What’s going on?
• Guess which ASX 200 share turned a $10,000 investment into $40,000 in 2022
• Little downside protection for popular ASX 200 shares as 2023 looms a much tougher year for blue chip stocks
• Here are the top 10 ASX 200 shares today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Harvey Norman. The Motley Fool Australia has positions in and has recommended Harvey Norman. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The ASX share market could soon offer up a few opportunities as China reopens its borders and lessens travel restrictions on its citizens.

China had been living through lockdowns to limit the spread of COVID-19. But, now restrictions are being rapidly and widely removed.

According to reporting by media, including CNBC:

China’s National Health Commission announced late Monday that starting Jan. 8, inbound travellers would no longer need to quarantine upon arrival on the mainland, ending a policy of nearly three years.

Authorities also said they would allow Chinese citizens to resume travel, without providing details on timing or process.

During the pandemic, Beijing prevented Chinese citizens from getting passports or leaving the country unless they had a clear reason, typically for business.

CNBC also reported that within half an hour of China’s announced policy change searches for travel abroad surged to a three-year high, according to Trip.com Group. Australia was one of the top 10 destinations outside the mainland with the fastest-growing search volume.

If there’s going to be a deluge of Chinese visitors returning to Australia’s shores, then there may be a few ASX shares that could noticeably benefit and get an earnings boost.

A2 Milk Company Ltd (ASX: A2M)

The A2 Milk share price has gone on a good run in 2022 – it’s up more than 20% to date.

But, it’s still down around 65% since early July 2020.

One of the main problems for the company has been a large reduction in infant formula buying by daigou. If Chinese tourists return to Australia to pre-COVID levels, it could get a good boost.

Remember that in FY21, A2 Milk saw revenue sink 30.3% to $1.21 billion, while net profit after tax (NPAT) dropped 79.1% to $80.7 million. I’m not suggesting that all of A2 Milk’s lost earnings will suddenly return, but I do think Chinese tourists could be a boost for the business.

Idp Education Ltd (ASX: IEL)

The student placement and international English language testing business could benefit from a return of Chinese students. Remember, in FY19 the ASX share generated $104.3 million of revenue for students in Australia. In FY22 this figure was only $81.8 million.

If Chinese students return to Australia (and other destinations that Idp Education services), then its revenue and earnings could get a useful boost.

With how much operating leverage the company has, new revenue could translate into a much larger increase in net profit, potentially boosting the Idp Education share price.

Auckland International Airport Limited (ASX: AIA)

New Zealand used to see hundreds of thousands of visitors from China each year. But when they stopped coming, Auckland Airport lost a good portion of its earnings.

In the monthly update for October 2022, the business noted that total passenger numbers were only 72% of pre-COVID times, with Chinese visitors only being 13% of the pre-COVID total.

If Chinese visitors return to close to pre-COVID levels, it could be a real boost for the ASX share’s earnings. However, it was more than just Chinese passengers that made up passenger numbers, so we may need to see passengers from other countries recover as well.

The post I think these 3 ASX shares could benefit from a Chinese tourism boom appeared first on The Motley Fool Australia.

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More reading

• 3 ASX shares I’d buy if the stock market crashes
• Could A2 Milk shares pay a dividend in 2023?
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today
• What drove the A2 Milk share price 18% higher in November?

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Idp Education. 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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has followed Wall Street’s lead and dropped deep into the red. At the time of writing, the benchmark index is down 1.2% to 7,002.8 points.

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

Invictus Energy Ltd (ASX: IVZ)

The Invictus Energy share price is down 6.5% to 29 cents. Investors have been selling this energy exploration company’s shares following the release of an update on drilling activities at the Mukuyu-1 well in Zimbabwe. Management revealed that its wireline logging operations have been hit by issues retrieving its cable. It has become lodged against the wellbore and multiple attempts to free the cable were unsuccessful.

Star Entertainment Group Ltd (ASX: SGR)

The Star share price is down over 2% to $1.79. This morning, Goldman Sachs retained its neutral rating but slashed its price target on the casino operator’s shares by a massive 34% to $1.90. Goldman said: “The NSW government’s proposed casino tax reforms pose a significant earnings risk for SGR’s Sydney casino.”

Whitehaven Coal Ltd (ASX: WHC)

The Whitehaven Coal share price is down 4.5% to $9.30. Investors have been selling Whitehaven Coal and other coal miners today despite there being no news out of them. However, the energy sector has come under pressure today amid concerns over demand from China.

Woodside Energy Group Ltd (ASX: WDS)

The Woodside share price is down 3.5% to $35.49. This has been driven by a pullback in oil prices overnight. This appears to have been driven by concerns over surging COVID-19 cases in China, which has offset optimism that easing restrictions could boost demand.

The post Why Invictus Energy, Star, Whitehaven Coal, and Woodside shares are dropping appeared first on The Motley Fool Australia.

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• Why is the Woodside share price on the back foot today?
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• 5 things to watch on the ASX 200 on Thursday
• Why Dreadnought, Pointsbet, Rio Tinto, and Woodside shares are pushing higher
• 5 things to watch on the ASX 200 on Wednesday

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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It has been a year to forget for the Domino’s Pizza Enterprises Ltd (ASX: DMP) share price in 2022.

Since the start of the year, as you can see below, the pizza chain operator’s shares have lost almost 50% of their value.

This has been caused by rising interest rates putting pressure on the valuation of growth shares and the negative impact of inflation on Domino’s operations.

And while this is undoubtedly disappointing for its shareholders, I see it as a buying opportunity for the rest of us. So much so, I recently added this ASX 200 stock to my portfolio.

Why Domino’s could be an ASX 200 stock to buy

I think Domino’s is an ASX 200 stock to buy for 2023 due to its positive long-term outlook.

Although 2022 has been difficult, the headwinds the company is facing are transitory and already appear to be easing.

For example, during its most recent quarterly update, management revealed that its same-stores sales returned to growth in October and were up 1.6%.

Management also reiterated its medium-term goal of 3% to 6% same-store sales growth and 8% to 10% new store openings. The latter supports its aim of doubling its store network, before acquisitions, to 7,250 stores over the next decade.

In my opinion, this makes the almost 50% decline in the Domino’s share price this year an incredible buying opportunity for investors that are looking to make a long-term investment.

After all, over the next 10 years, if Domino’s can double its store network, deliver on its sales growth targets, and improve its margins (from FY 2022 levels) through scale benefits, it is possible that its earnings could triple over the period.

And that’s before acquisitions. Management is also always on the lookout for earnings accretive additions that could bolster its growth. In fact, it recently completed the acquisition of Domino’s Malaysia and Singapore and snapped up the remainder of its German joint venture.

And while there are risks to consider, such as inflation getting out of control or acquisition integration issues, I feel confident that the risk/reward on offer with this ASX 200 stock is compelling and makes it a buy.

The post Why I just bought this ASX 200 stock for 2023 appeared first on The Motley Fool Australia.

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• Top brokers name 3 ASX shares to buy today
• Top ASX growth shares to buy for a stock market rebound
• 2 cheap ASX dividend shares to buy now: brokers
• 3 ASX 200 shares in the spotlight for 2023 as consumer sentiment ‘bounces’
• Here are the 10 most shorted ASX shares

Motley Fool contributor James Mickleboro has positions in Domino’s Pizza Enterprises. 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 Domino’s Pizza Enterprises. 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 Woodside Energy Group Ltd (ASX: WDS) share price is in the red today.

Woodside shares are down 2.74% and are currently fetching $35.83. For perspective, the
S&P/ASX 200 Index (ASX: XJO) is falling 0.86% today.

Let’s take a look at what is weighing on the Woodside share price today.

What’s going on?

Woodside is not the only ASX energy share sliding today. The Santos Ltd (ASX: STO) share price is down 3.12%, while Beach Energy Ltd (ASX: BPT) is slipping 2.29%. The S&P/ASX 200 Energy Index (ASX: XEJ) is descending 3.12% today.

Woodside is an oil and gas producing giant. The brent crude oil price has dropped 1.27% to US$83.26 a barrel, according to Bloomberg Energy. WTI crude oil has also fallen 0.51% to US$78.56 a barrel.

Chinese demand concerns, a potential US Federal Reserve rate hike and lower trading volumes appear to be weighing on the minds of investors. Commenting on the oil price, UBS analyst Giovanni Staunovo said in quotes cited by Reuters:

My sense is the general risk-off mood has weighed on the oil prices, in a market with thin liquidity.

Meanwhile, the natural gas price has tumbled a massive 10.85% to US$4.71 per MMBtu.

Woodside is estimating that it will produce 180 to 190 million barrels of oil equivalent (MMboe) in 2023. This includes:

• 83 to 85 MMboe of liquefied natural gas
• 40 to 42 MMboe of pipeline gas
• 50 to 55 MMboe of crude and condensate oil
• 7 to 8 MMboe of natural gas liquids.

Woodside share price snapshot

The Woodside share price has surged 61% in the last year.

For perspective, the ASX 200 has shed 6.45% in the last year.

The post Why is the Woodside share price on the back foot today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Monica O’Shea has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The ASX share market has the potential to produce good returns over the long term. If an investor chooses right, the picks could help someone become a millionaire.

In the grand scheme of things, investing $300 a month may not seem like that much. But some brokers now offer very cheap brokerage, which makes investing with less than $1,000 more appealing.

How long will it take to become a millionaire?

That’s the million-dollar question, isn’t it?

It depends on the rate of return of the ASX share portfolio. But, compounding helps lessen how much people need to invest. Historically, the share market has returned an average of around 10% per annum.

Using the Moneysmart calculator, investing $300 per month would turn into over $1 million in less than 36 years if the portfolio returned 10% per annum. That means a 20-year-old could be a millionaire before they’re 60.

With how much the share market has been hurt over 2022, this lower valuation starting point could mean slightly better returns. By choosing good investments, I think it could be reasonably possible to achieve returns of 12% per annum, but that’s just a guess.

Investing $300 per month, returning 12% per year, could turn into $1 million after less than 32 years.

Obviously investing more per month over the decades and/or the investments generating a better return would mean that millionaire status came quicker.

But which ASX shares could make good long-term investments?

3 ASX shares for long-term investing

Brickworks Limited (ASX: BKW)

A building products business may not sound like the most exciting choice, and I’m not suggesting Brickworks because of its brickmaking abilities, though it’s very good at it. It’s the leader in Australia and the north east of the United States. It will soon be supplying bricks to the United Kingdom as well.

But it’s the other sides of the business that I like. It owns a large chunk of Washington H Soul Pattinson and Co Ltd (ASX: SOL), a century-old investment business. This is steadily adding value and growing dividend cash flow for Brickworks.

Brickworks also owns half of a growing industrial property trust. This trust is building big (and advanced) warehouses on excess land that Brickworks no longer needs. It’s unlocking the value of that land, making big development profits, and creating a strong stream of rental profit.

I think both the Soul Pattinson shares and property assets can drive value for the ASX share for many years to come.

VanEck Morningstar Wide Moat ETF (ASX: MOAT)

This is an exchange-traded fund (ETF) that aims to invest in US businesses with strong competitive advantages (which can be called an ‘economic moat’). Morningstar analysts believe that the competitive advantages will endure for a minimum of a decade and likely for two decades.

Businesses are only added to the portfolio if they are at a good price compared to the Morningstar ‘fair value’ price.

In my opinion, it means this ETF is designed to essentially always have a portfolio of high-quality, attractively-priced investments. It currently has around 50 names in the portfolio.

Past performance is not a reliable indicator of future performance, but over the past five years to the end of November 2022, it had returned an average of 14.7% per annum.

BetaShares Nasdaq 100 ETF (ASX: NDQ)

This ASX share is also an ETF. It offers a way for investors to get more concentrated exposure to some of the world’s leading businesses. These include Microsoft, Apple, Amazon, Alphabet, Nvidia, Costco, Cisco Systems, Adobe and so on. It has 100 positions in total.

The great thing about this portfolio is that it holds many of the world’s leading companies from their respective industries. There are also names like Advanced Micro Devices, Intuitive Surgical, PayPal and Moderna in the portfolio as well.

I’m not sure which names will be there in 10 or 20 years, but I think that 100 of the largest businesses on the NASDAQ, as a group, can keep doing well in the long term. While the future may not be the same as the past, the BetaShares Nasdaq 100 ETF had returned an average of 13.3% over the three years to 30 November 2022.

The post $300 a month in these 3 ASX shares could make you a millionaire by retirement appeared first on The Motley Fool Australia.

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More reading

• No savings at 45? I’d use the Warren Buffett method to build retirement wealth
• 25% of my retirement portfolio is in these 5 ASX shares: Here’s why I believe they’re winners for 2023 and beyond
• 3 quality ETFs for ASX investors to buy next year
• 3 excellent ETFs for ASX investors to buy in January
• 10 ASX shares I think are buys for 2023

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Motley Fool contributor Tristan Harrison has positions in Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Adobe, Advanced Micro Devices, Alphabet, Amazon.com, Apple, BetaShares Nasdaq 100 ETF, Brickworks, Cisco Systems, Costco Wholesale, Intuitive Surgical, Microsoft, Nvidia, PayPal, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Moderna and has recommended the following options: long January 2024 $420 calls on Adobe, long March 2023 $120 calls on Apple, short January 2024 $430 calls on Adobe, and short March 2023 $130 calls on Apple. The Motley Fool Australia has positions in and has recommended BetaShares Nasdaq 100 ETF, Brickworks, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended Adobe, Alphabet, Amazon.com, Apple, Nvidia, PayPal, and 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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