With the S&P/ASX 200 Index (ASX: XJO) bouncing back 8.8% over the past 50 days, the hottest question for investors right now is whether we are past the bottom.

However, experts have always warned that trying to time the market is a mug’s game. Not even professionals can do it successfully.

It’s a different matter for individual ASX shares though.

When you focus on just one stock, one can estimate whether there has been a turnaround after assessing the company’s financials, external drivers, and investor behaviour.

Keeping this in mind, Fairmont Equities managing director Michael Gable named three ASX shares this week that he thinks are on the way up:

Rocketing upwards even as the market was tanking in June

Digital audio networking provider Audinate Group Ltd (ASX: AD8) has seen its share price climb a spectacular 73% since its 11 May trough.

This is a great sign for Gable.

“It bottomed in May. The market bottomed in June,” he told Switzer TV Investing.

“If you see a stock that’s bottomed and heading higher well before the rest of the market… you’re better off buying something like this because it’s already outperforming the market.”

It seems everyone is loving Audinate right now.

According to CMC Markets, all four analysts that cover it rate the stock as a strong buy.

Last week, The Motley Fool reported Morgan Stanley had a buy rating for Audinate with a price target of $9, which has already been met.

The company is due to release its financials on 22 August.

Great result, recovery well underway

After losing 44% for the year until 17 June, REA Group Limited (ASX: REA) shares have since rallied to boost the company’s value by a third in just a few weeks.

The stock is sensitive to interest rate fears, not just as a member of the technology sector, but because of its exposure to real estate.

Gable now feels like the turnaround is in place.

“Mid-June, everyone was pricing in silly interest rates. What they’re pricing now isn’t so silly,” he said.

“It’s starting to make sense that we should get a bit of a recovery here.”

Another positive is that REA shares have shown decent resilience during a tough time for growth shares, according to Gable.

“The good thing is it hasn’t dropped as much as some other tech stocks.”

Goldman Sachs, The Motley Fool reported, is a fan of REA’s financials this week and also rated the stock as a buy.

“Overall we thought the REA result, commentary and cash performance was positive.”

‘BHP has bottomed out’ 

Mining giant BHP Group Ltd (ASX: BHP) is one that the Fairmont team has recently bought into.

The share price has gained about 7.8% since a 17 July trough.

“I think BHP has bottomed out. It’s really moving along quite nicely.”

The company this week proposed to acquire OZ Minerals Limited (ASX: OZL). Although the offer was promptly declined, Morgans doesn’t think that’s the end of the story.

“If nothing else, this development should reduce any concern that BHP might have been considering a larger, more transformative acquisition,” stated its analysts.

“There has been a consistent fear from some that history would repeat itself and BHP eventually [becomes] attracted to a +$100 billion acquisition/merger at a high point in the cycle. Instead, BHP has remained on-strategy and focused.”

The post 3 rising ASX shares to buy that have passed the bottom: expert appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Thursday
• 3 ASX All Ordinaries shares rocking new 52-week highs on Wednesday
• Does this signify more bad news for ASX BNPL shares like Zip?
• Here are the top 10 ASX 200 shares today
• Mayne Pharma share price rockets 25% on $680 million payday

Motley Fool contributor Tony Yoo has positions in AUDINATEGL FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended AUDINATEGL FPO. The Motley Fool Australia has positions in and has recommended AUDINATEGL FPO. The Motley Fool Australia has recommended REA Group Limited. 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 searching for dividend shares to buy, then the two listed below could be worth considering.

Analysts have recently given the thumbs up to these dividend shares and are predicting attractive yields in the coming years. Here’s what you need to know about them:

Accent Group Ltd (ASX: AX1)

The first ASX dividend share that has been tipped as a buy is Accent. It is the owner of a growing portfolio of footwear focused store brands including Athlete’s Foot, HYPEDC, Pivot, Platypus, Sneaker Lab, and Stylerunner.

It has been a difficult year for Accent due to lockdowns, rising living costs, and softer consumer spending. While this is disappointing, the team at Bell Potter remain positive and see its share price weakness as a buying opportunity.

This is due to the company’s “dominant market share in the Australian footwear retailing industry and growth outlook in the youth focused sports apparel.”

The broker currently has a buy rating and $1.90 price target on the company’s shares.

In respect to dividends, Bell Potter has pencilled in a fully franked dividend of 5.7 cents per share in FY 2022 and then 9 cents per share in FY 2023. Based on the current Accent share price of $1.43, this will mean yields of 4% and 6.3%, respectively.

Elders Ltd (ASX: ELD)

Another ASX dividend share that has been tipped as a buy is agribusiness company Elders.

Unlike Accent, it has been in sensational form again in FY 2022. During the first half, the company reported an 80% increase in earnings before interest and tax to $132.8 million.

And while its growth is expected to moderate now, the team at Goldman Sachs remains very positive on the investment opportunity here. This is due to its “strong track record; good industry structure; potential for positive earnings surprise; and an attractive valuation.”

Goldman Sachs has a buy rating and $21.00 price target on its shares.

As for dividends, Goldman is forecasting dividends per share of 50 cents in FY 2022 and 53 cents in FY 2023. Based on the current Elders share price of $12.31, this implies attractive yields of 4.1% and 4.3%, respectively.

The post Analysts say these top ASX dividend shares are buys appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Brokers name 2 ASX dividend shares to buy with 4%+ yields
• Brokers name 3 ASX shares to buy today
• Why Goldman is tipping 80% upside for the Elders share price
• 5 things to watch on the ASX 200 on Friday

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 Accent Group and Elders Limited. 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 Wednesday, the S&P/ASX 200 Index (ASX: XJO) followed the lead of US markets and tumbled lower. The benchmark index fell 0.5% to 6,992.7 points.

Will the market be able to bounce back from this on Thursday? Here are five things to watch:

ASX 200 expected to rebound

The Australian share market looks set to rebound strongly on Thursday following a stellar night on Wall Street after better than expected US inflation data. According to the latest SPI futures, the ASX 200 is expected to open the day 74 points or 1.1% higher this morning. On Wall Street, the Dow Jones was up 1.6%, the S&P 500 rose 2.1%, and the NASDAQ stormed 2.9% higher. The latter bodes well for the tech sector today.

Telstra full year results

The Telstra Corporation Ltd (ASX: TLS) share price will be one to watch on Thursday. This morning the telco giant is scheduled to release its full year results. According to a note out of Goldman Sachs, it expects Telstra to report a 6% decline in revenue to $21.6 billion but a 7% increase in underlying EBITDA to $7.13 billion. A final dividend of 8 cents per share is expected, bringing its full year dividend to 16 cents per share.

Oil prices rise

Energy shares including Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) could have a good day after oil prices pushed higher on Wednesday night. According to Bloomberg, the WTI crude oil price is up 1.5% to US$91.92 a barrel and the Brent crude oil price is up 1.3% to US$97.38 a barrel. Optimism over gasoline demand boosted prices.

Goodman results

The Goodman Group (ASX: GMG) share price will be in focus today. This morning the integrated industrial property company will release its full year results. Goodman has been having a fantastic year and has upgraded its guidance a number of times. Its most recent guidance is for earnings per share growth of 23%. The team at Citi suspect that Goodman could even outperform this guidance.

Gold price falls

Gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could have a subdued day after the gold price dropped overnight. According to CNBC, the spot gold price is down 0.35% to US$1,805.2 an ounce. Improving investor sentiment reduced the appeal of the safe haven asset.

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

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More reading

• 3 ASX All Ordinaries shares rocking new 52-week highs on Wednesday
• Does this signify more bad news for ASX BNPL shares like Zip?
• Here are the top 10 ASX 200 shares today
• Mayne Pharma share price rockets 25% on $680 million payday
• Here are the 3 most heavily traded ASX 200 shares 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 positions in and has recommended Telstra Corporation Limited. 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 Australia and New Zealand Bank Group Ltd (ASX: ANZ) share price was a strong performer on Wednesday.

Its shares were the best performers among the big four banks with a gain of almost 3.5% to $23.46.

Why did the ANZ share price have a stellar day?

There appears to have been a couple of catalysts for the strong ANZ share price performance today.

The first was the release of a solid full year result from rival Commonwealth Bank of Australia (ASX: CBA), which seems to have given the rest of the big four a lift.

For example, National Australia Bank Ltd (ASX: NAB) and Westpac Banking Corp (ASX: WBC) shares also rose approximately 1.5% during today’s session.

What else?

A recent note out of Credit Suisse could be helping boost the ANZ share price.

According to the note, the broker has an outperform rating and $29.25 price target on the bank’s shares. This implies potential upside of 25% for investors even after today’s gain.

Credit Suisse believes that ANZ will be an early beneficiary of a quicker and more aggressive interest rate rise cycle.

It is for this reason and its strong business banking exposure, that makes ANZ Credit Suisse’s top option for investors in the space. Particularly given its compelling valuation.

The post Why did the ANZ share price have such a stellar run today? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• ‘It’s a bit unfair’: Here’s why ANZ shares are making news this week
• ANZ share price unfazed amid bank’s latest move to finance decarbonisation
• Here is the RBA interest rate outlook according to ASX 200 banks
• Guess how much ANZ shares have paid in dividends over the last 5 years

Motley Fool contributor James Mickleboro has positions in Westpac Banking Corporation. 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 Westpac Banking Corporation. 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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Three stocks in the S&P/ASX All Ordinaries Index (ASX: XAO) have reached new 52-week highs today.

This comes on a day when the All Ords Index finished 0.55% in the red and the S&P/ASX 200 Index (ASX: XJO) also finished down 0.53%.

The companies are spread across two sectors — healthcare and real estate. Their share prices also defied the downward movement in their respective sectors today.

The S&P/ASX 200 Health Care Index (ASX: XHJ) closed down 1.49% and the S&P/ASX 200 Real Estate Index (ASX: XRE) finished 0.74% lower.

Let’s check which ASX companies recorded 52-week highs this Wednesday.

Mayne Pharma Group Ltd (ASX: MYX)  

The Mayne Pharma share price closed 4.41% higher today at 35.7 cents after hitting an intraday high of 42.5 cents just after market open. Today, the pharmaceutical company announced it was selling its Metrics Contract Services business in the US for $679 million.

Today’s movement continued the gains the share price made on Monday when Mayne Pharma announced it had received US Food and Drug Agency approval for a hormonal contraceptive ring. The company’s stock closed 1.5% higher on that news.

Sigma Healthcare Ltd (ASX: SIG) 

Another ASX healthcare share has reached a new 52-week high today. Sigma Healthcare shares closed up 2.19% at 70 cents each, reaching a high of 70.5 cents in intraday trading. The movement came on no new announcements from the company.

The rally in the pharmacy franchise company’s shares started after the stock hit a six-month low in May. More recently, Sigma’s share price has gained an impressive 11% over the last two trading sessions.

Vicinity Centres (ASX: VCX) 

Finally today, this retail property group’s share price has closed flat at $2.11 after hitting its 12-month high of $2.12 in intraday trade on Wednesday. No news emerged from the company today, suggesting its fundamentals are unchanged but its shares are rallying.

Vicinity Centres shares have gained 12.5% over the last month. 

The post 3 ASX All Ordinaries shares rocking new 52-week highs on Wednesday appeared first on The Motley Fool Australia.

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More reading

• Does this signify more bad news for ASX BNPL shares like Zip?
• Here are the top 10 ASX 200 shares today
• Mayne Pharma share price rockets 25% on $680 million payday
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• What’s going so wrong for ASX 200 tech shares on Wednesday?

Motley Fool contributor Matthew Farley 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 was a disappointing day for the Zip Co Ltd (ASX: ZIP) share price today on the ASX.

Zip shares ended up finishing the trading day down by a notable 1.99% at $1.23 a share. That was a substantial underperformance from the buy now, pay later (BNPL) share against the S&P/ASX 200 Index (ASX: XJO), which lost 0.53%.

That puts Zip at a nasty year-to-date loss of more than 70%. So it’s hardly a day where Zip shareholders would appreciate even more bad news. But that might have come their way nonetheless.

One of the largest global players in the BNPL space is the Swedish company Klarna. Commonwealth Bank of Australia (ASX: CBA) is a major backer of Klarna, having first invested in the company in early 2021.

But how the times have changed. Back in early 2021, BNPL was all the rage for ASX investors. There were the days of Zip at $10 to $12 a share, after all.

CBA slashes its own BNPL valuations…

But CBA has just revealed what it is valuing its Klarna stake at today, and it’s not a pretty sight. So CBA released its much-anticipated full-year results for the 2022 financial year this morning. We went through the good stuff earlier today if you missed it.

But deep in CBA’s annual report, some sobering statistics were lurking regarding the bank’s stake in Klarna. The bank advised that it invested an additional $47 million into Klarna in early July as part of the BNPL provider’s latest funding round.

But CBA has now revealed that its total investment in Klarna totals $408 million as of 30 June 2022. That’s an extraordinarily painful write-down of the $2.7 billion it was valued at on 30 June 2021, a write-down worth around 85%.

Here’s some of what the bank said on this dramatic revaluation:

The $2,293m reduction in valuation from 30 June 2021 to 30 June 2022 was driven by changes in the valuation implied from each private equity capital raise, as well as the reduction in revenue multiples of market listed comparable companies.

What does this mean for the Zip share price?

Now this news isn’t directly linked to Zip of course. But the part about “the reduction in revenue multiples of market listed comparable companies” certainly alludes to Zip’s dramatic fall in value over the year so far.

It’s certainly not good news for the BNPL space as a whole, of which Zip is a big player here on the ASX.

No doubt shareholders will be hoping for some good news going forward.

At the current Zip Co share price, this ASX BNPL share has a market capitalisation of $854.5 million.

The post Does this signify more bad news for ASX BNPL shares like Zip? appeared first on The Motley Fool Australia.

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More reading

• 3 ASX All Ordinaries shares rocking new 52-week highs on Wednesday
• Here are the top 10 ASX 200 shares today
• Mayne Pharma share price rockets 25% on $680 million payday
• Why is the Block share price tumbling 5% on Wednesday?
• Here are the 3 most heavily traded ASX 200 shares on Wednesday

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 positions in and has recommended ZIPCOLTD FPO. 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 Liontown Resources Limited (ASX: LTR) share price yet again headed north on Wednesday.

This comes as the lithium developer’s shares have now registered 7 consecutive trading days in the green.

At market close, the company’s share price is up 1.48% to $1.72 – leading to a gain of 29.81% since this time last week.

Let’s take a look at the latest surrounding the battery metals exploration and development company.

What’s powering Liontown shares forward?

While the company hasn’t made any announcements since earlier this month, one broker weighed in on the Liontown share price.

As reported by my Fool colleague James, Bell Potter believes the ASX lithium stock is highly underrated.

The broker put out a speculative buy rating with a $2.87 price target on the company’s shares. Based on where Liontown trades currently, this implies an upside of 67% for investors.

Bell Potter noted that the company is “independent and in a strong strategic position in a market for lithium facing supply shortages.”

This comes as Liontown is fully funded for initial development of its Kathleen Valley Lithium Project in Western Australia.

The company commenced work at Kathleen Valley in 2017 and has since developed the site into a Mineral Resource Estimate of 156Mt at 1.4% lithium oxide (Li2O) and 130 parts per million (ppm) tantalum pentoxide (Ta2O5).

Also providing support, lithium carbonate prices currently remain stable – trading at US$70,500 per tonne. This reflects an increase of almost 400% year-on-year.

Other popular lithium companies such as Lake Resources N.L. (ASX: LKE) and Core Lithium Ltd (ASX: CXO) also finished higher today, up 6.45%, and 3.21%, respectively.

Liontown share price snapshot

After touching a year-to-date low of 87.5 cents on 24 June, Liontown shares are making a strong comeback, up 96%.

It appears investor sentiment is continuing to grow along with a broader recovery of the ASX after recording strong volatility in June.

When looking at year-to-date, Liontown shares are 4% higher for the period.

Based on today’s price, the company commands a market capitalisation of approximately $3.77 billion.

The post Why has the Liontown share price roared 30% higher in a week? appeared first on The Motley Fool Australia.

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More reading

• Here are 2 ASX lithium stocks analysts rate as buys
• Here are the top 10 ASX 200 shares today
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today

Motley Fool contributor Aaron Teboneras 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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As the transition towards renewable energy continues to inch forward day by day, perhaps the most abundant thematic – electric vehicles (EVs) – is leading the charge.

Lithium (and arguably, nickel and cobalt) is typically considered the darling child(ren) of the battery metals segment. However, one often-overlooked segment has opened up a compelling value proposition.

Rare earths, which, coincidentally, aren’t all that rare (in the ground anyway), have garnered attraction lately.

The group is comprised of 17 metals that are essential to technological functions in society.

Rare earths ASX mining shares open a compelling proposition

According to Dr Kingsley Jones, analyst at Jevons Global Investment Advisory, “[t]he EV market thematic is driving higher demand for rare earth metals”.

In a recent note, Jones covers the market for rare earths. In it he builds a core basket of portfolio companies to gain exposure to the space.

He said that demand has accelerated for the basket of rare earths within ASX mining shares. This is due to their use in high-performance magnets used in electric motors and generators.

In particular, the “rapid uptake of EVs and the very large generators used in wind turbines to provide renewable energy” has underpinned the demand.

Aside from that, China refines and produces more than 60% of the world’s unprocessed rare earth oxides.

Not to mention, rare earths are notoriously hard to extract anyways. The reason? “Host minerals are difficult to process and the rare earths are hard to separate,” Jones says.

With that, the analyst and his employer suggest five companies for investors to hone in on for exposure to rare earths from mine to metal, all the way downstream.

These include Arafura Resources Limited (ASX: ARU), Hastings Technology Metals Ltd (ASX: HAS) and Australian Strategic Materials Ltd (ASX: ASM). I’ve covered the other two here.

This basket of stocks provides a diversified offering of names with exposure to rare earths at different points along the value chain, Jones says.

Take a look at the returns for each of these shares for the past 12 months on the chart below.

The post 3 ASX mining shares primed for an ‘exponential’ energy transition: expert appeared first on The Motley Fool Australia.

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More reading

• Arafura share price rebounds 9% following last week’s sell-off
• Why did the Arafura share price plunge 19% today?
• Why Amcor, Arafura, Block, and Janus Henderson shares are dropping
• Why has the Arafura share price jumped 25% so far in July?
• Why Appen, Arizona Lithium, Australian Stategic Materials, and Nuix shares are dropping

Motley Fool contributor Zach Bristow 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) slumped on Wednesday, weighed down by tech shares. The index was 0.53% lower at 6,992.70 points at the market’s close.

A poor trade on Wall Street and rising bond yields might have weighed on the S&P/ASX 200 Information Technology Index (ASX: XIJ) today. It dumped 3.8%.

The Nasdaq Composite Index (NASDAQ: .IXIC) fell 1.2% overnight while the S&P 500 Index (SP: .INX) and the Dow Jones Industrial Average Index (DJX: .DJI) slipped 0.4% and 0.2% respectively.

But it wasn’t all bad across the bourse. The S&P/ASX 200 Utilities Index (ASX: XUJ) and the S&P/ASX 200 Financials Index (ASX: XFJ) lifted 0.9% and 0.5% respectively.

It came as Commonwealth Bank of Australia (ASX: CBA) released its full year earnings, detailing a $10.77 billion after tax profit.

At the end of today’s session, two of the ASX 200’s 11 sectors were trading in the green.

Keep reading to find out which stock outperformed all others on Wednesday.

Top 10 ASX 200 shares countdown

The Imugene Limited (ASX: IMU) share price topped the lot on Wednesday, gaining 9% on the back of an update on its clinical trial. Find out more about what Imugene’s been up to here.

Today’s biggest gains were made by these ASX shares:

ASX-listed company	Share price	Price change
Imugene Limited (ASX: IMU)	$0.295	9.26%
Lake Resources NL (ASX: LKE)	$1.32	6.45%
Coronado Global Resources Inc (ASX: CRN)	$1.70	6.25%
Whitehaven Coal Ltd (ASX: WHC)	$6.37	5.12%
Graincorp Ltd (ASX: GNC)	$8.03	5.1%
New Hope Corporation Limited (ASX: NHC)	$4.18	3.98%
Australia and New Zealand Banking Group Ltd (ASX: ANZ)	$23.46	3.35%
Elders Ltd (ASX: ELD)	$12.31	3.27%
Core Lithium Ltd (ASX: CXO)	$1.445	3.21%
Centuria Capital Group (ASX: CNI)	$1.915	2.96%

Our top 10 ASX 200 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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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 Elders Limited. 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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Sometimes, I really have to think hard when it comes to choosing something to write about.

Other times the ideas land in my lap. Or, in this case, my inbox.

See, today is one of my favourite days of the year. So much so that I wrote about it, last year.

And apparently made an impression – because my correspondent referenced it in the email I received.

“Happy Vanguard Index Chart Day”, she said.

And it’s true.

Today is the day the updated Vanguard Index Chart came out.

And it’s one of my favourite days each and every year.

Now, don’t switch off.

I’m not really that boring, I promise.

Sure, I get a little more excited than most about a simple piece of paper with some squiggly lines on it.

And sure, that’s not exactly common.

But I stand by my excitement – and I hope some of it might rub off on you.

First, let’s go back a couple of steps.

Each year, fund manager Vanguard releases a one-page chart, showing the performance of different asset classes (cash, property, Australian shares, international shares).

It’s a long term chart – going back 30 years.

And it’s jam-packed full of really cool information.

No, you’re probably still not excited yet. We’ll get to that.

It shows the growth of $10,000 invested in each of those asset classes, but lots more, too.

It shows changes of Australian Prime Ministers and US Presidents.

It shows some of the major events that transpired, including recessions, wars and terrorist attacks (unfortunately), the introduction of the GST, the GFC and lots more.

And – you can start getting excited now – it shows the immense power of long term investing.

See, the nightly news will give you the latest daily movements on the ASX.

Occasionally, you might read a story about the returns over the last quarter.

Twice a year or so, you’ll get the results over the past calendar or financial year.

And, of course, you’ll hear about it any time the market suffers big losses.

But how often do you get those things put into historical context?

How often do you hear about the enormous compounding power of the ASX (and US) stock market, over the long term?

Not that I blame the media, mind you – they’re in the news business, not the financial education business.

Thankfully, Vanguard has chosen to do a little education, and that’s part of The Motley Fool’s core purpose, too.

And that’s why I love it when, once a year around this date, Vanguard releases its updated one-page chart.

Not excited yet?

That’s okay, I’ve kept the best for last.

Here goes. According to their data, if you’d invested a hypothetical $10,000 on July 1, 1992, thirty years later, the results would look like this:

Cash: $36,000

Australian Bonds: $56,000

Property: $90,000

International Shares: $94,000

Australian Shares: $131,000

US Shares: $182,000

Now, before we compare them, remember this is from a $10,000 start, assuming no fees or taxes, and with income reinvested.

Lesson 1: Compounding works, regardless of the asset class. Even cash – the worst performer by a long shot – tripled in value

Lesson 2: Shares work, even better. Every dollar invested, 30 years ago, increased 13-fold when invested in Australian shares. You didn’t have to do anything.

In fact, you had to do precisely nothing.

Just leave it alone.

Yes, through wars, dot.com, GFC and COVID crashes. 

Through fear, uncertainty and doubt.

And through excitement, hype and irrational exuberance.

You didn’t have to buy or sell at the right time. 

No market timing.

No trading.

No forecasting.

Nothing.

Literally. Nothing.

This is why I invest. It’s how I invest. 

It’s harnessing the power of democratic capitalism, and letting it do its work.

Yes, there was volatility. Yes, there were scary headlines.

There were some bona fide market crashes, too.

And yet…

And yet, $10,000 became $130,000.

$50,000 would have become $650,000

Today’s ASX millionaire need have only started with $77,000 in 1992.

Now, imagine 2052, 30 years from now.

There’ll be recessions, wars, market slumps, and more scary headlines than you can point a stick at, during the next three decades.

And I can’t promise you that the next 30 years will look like the past 30.

But that’s also what I would have said in 1992.

Me?

I’m printing out a copy of the updated Vanguard index chart and putting it next to my computer.

I’m giving a copy to my nephews, who currently have last year’s version blu-tacked above the stairwell at home.

They get it.

They’re on the long-term investing train.

They’ll be just fine.

Now it’s your turn.

Don’t look back in 2052 and wonder what might have been.

Oh, and I’ve written the best part of 1,000 words.

They say a picture tells it better.

So here it is – I hope it helps you build a wonderful financial future.

And thanks to the people at Vanguard for such a wonderful resource. 

Fool on!

The post The most wonderful day of the year (or close anyway) 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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