September is almost here, which makes now a good time to look for ASX growth shares with room to run.

One approach is to look for companies with products that can sell globally, markets that can expand, and business models that could be much larger in the years ahead.

With that in mind, here are three ASX growth shares that could be worth considering in September.

Breville Group Ltd (ASX: BRG)

Breville could be an ASX growth share to buy in September. It sells premium kitchen appliances across categories such as coffee machines, ovens, food preparation, cooking, and other products for the home.

Its biggest opportunity remains coffee.

Home coffee has become a serious category around the world, with consumers increasingly willing to pay for machines that can deliver a better result than basic appliances.

This plays directly into Breville’s strengths. The company sits at the premium end of the market, has a strong design reputation, and has built a brand that can compete internationally.

That is important because Breville is not limited to Australia. It has the potential to keep expanding in large overseas markets where its brand awareness is still developing.

If it can keep launching better products, growing distribution, and taking share in the premium home coffee market, its earnings could be materially larger over time.

Consumer spending can be up and down, but Breville’s global growth runway remains attractive.

Life360 Inc (ASX: 360)

Life360 is another ASX growth share that could be worth a closer look.

The technology company operates a family safety app that helps users stay connected through location sharing, driving reports, crash detection, emergency alerts, and other protection features.

This is not just another app fighting for attention. Life360 can become part of how families organise daily life. Parents may use it to check teenagers are safe, families may use it when travelling, and households may rely on it for peace of mind.

That creates a valuable habit. The company also has a large base of free users, which gives it an opportunity to convert more people onto paid subscriptions over time and grow its advertising business.

If Life360 can keep adding useful features and deepening the role it plays inside family life, revenue and earnings could be much larger by the end of the decade.

WiseTech Global Ltd (ASX: WTC)

A final ASX growth share to consider is WiseTech Global.

The logistics software company is best known for CargoWise, which is a platform used by freight forwarders and logistics providers around the world.

Global trade is complicated. Goods need to move across countries, ports, warehouses, customs systems, carriers, and regulators.

WiseTech helps logistics companies manage that complexity.

That may not sound as exciting as artificial intelligence or consumer technology, but it is a very strong niche. Once software like CargoWise is embedded in a logistics business, it can become difficult to replace.

WiseTech has had a difficult period and investor confidence has been tested.

But the underlying opportunity remains attractive. If the company can rebuild trust and keep expanding its platform across global logistics, it could still be a much larger business in the years ahead.

The post 3 ASX growth shares to buy in September appeared first on The Motley Fool Australia.

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

There are some ASX dividend shares with such a large dividend yield that they could deliver market-beating returns just with the passive income.

If we say that the share market’s long-term average annual return has been roughly 9% to 10%, then a double-digit dividend yield could be very compelling.

But, I wouldn’t just invest in any business with a high dividend yield. I’d want to ensure I had a high level of confidence that the payouts would continue to flow even if there was wider economic uncertainty.

With that in mind, I think the two stocks below fit the bill.

Hearts and Minds Investments Ltd (ASX: HM1)

This business is a listed investment company (LIC) that aims to provide investment returns and also provide financial contributions equivalent to 1.5% of its net assets per year to leading Australian medical research organisations to fund the development of new medicines and treatments, driving a new generation of medical research in Australia.

The portfolio is picked by a variety of investment professionals who all work for free to make picks for the portfolio. A majority of the portfolio is chosen by a permanent group of fund managers, while a minority of the picks are chosen at an annual investment conference.

It’s a portfolio of best picks, which aim to produce good returns. Over the three years to June 2026, its portfolio produced an average return per year of 13.8%, which is a strong enough return to deliver very good returns.

The business is steadily increasing its payout by 0.5 cents every six months. That suggests the next two dividends to be paid could come to 20.5 cents for the year ahead. That would be a grossed-up dividend yield of 9.6%, including franking credits, at the time of writing.

WAM Microcap Ltd (ASX: WMI)

WAM Microcap is another LIC, it targets small-caps on the ASX. This is an effective strategy because of how small-caps may have a lot of growth ahead of them while also being undervalued for that growth.

The business owns dozens of the most attractive small ASX shares out of the hundreds it could choose from.

By generating such good returns over the long-term, the business is able to fund pleasing dividend payouts. Its portfolio has returned an average of 13.1% per year since June 2017 (excluding fees, other expenses and taxes).

Excluding special dividends, its annual payout has increased every year since it started paying dividends in 2018, aside from FY24 when it maintained the payout.

Its annual dividend per share of 10.7 cents for FY26, which translates into a grossed-up dividend yield of 10.6%, including franking credits, at the time of writing.  

The post 2 ASX shares with dividend yields above 9.5% appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has positions in Hearts And Minds Investments and Wam Microcap. 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.

Superannuation is one of the best tools investors can use to build wealth due to its lower tax rate. Australians can also use superannuation to invest in certain assets for high passive income.

We don’t necessarily need to access the passive income immediately for it to be a good investment. Australians may appreciate owning investments with stable earnings that deliver consistent payouts year to year.

Given that superannuation has a lower tax rate than individual tax rates for full-time earners, there’s less of a headwind for the after-tax passive income returns compared to investments made outside of super.

There are many different passive income investments available to people who utilise self-managed superannuation funds (SMSFs). Other super funds can allow investors to invest in assets such as S&P/ASX 300 Index (ASX: XKO) shares – many businesses in that index are appealing options for income.

How to generate $2,500 of monthly passive income from superannuation

Each household has a different financial situation. There isn’t a one-size-fits-all approach that I can outline that would say what everyone’s net income would be. With that in mind, I’ll just talk about gross income, which is before taxes and expenses.

Generating $2,500 of monthly passive income translates into $30,000 per year.

The amount you need to invest to reach that income goal depends on the dividend yield, or interest rate, of the investments.

I’ll give you an example. If someone had $1 million invested with a 3% dividend yield, it would generate $30,000 of annual income.

If the dividend yield were higher, an investor wouldn’t need as much invested in superannuation to create that same level of annual or monthly passive income.

For example, if an investor’s portfolio had a 4% dividend yield, an investor would require $750,000.

A 5% dividend yield would mean investors require a $600,000 portfolio.

If the dividend yield was 6% then the portfolio value required would only be $500,000.

Where I’d invest for a high dividend yield

If I were looking for a high level of monthly passive income, I’d focus on businesses with a good dividend yield but also have delivered reliability.

Some of the names I’d consider would be MFF Capital Investments Ltd (ASX: MFF), WCM Global Growth Ltd (ASX: WQG), Future Generation Global Ltd (ASX: FGG), Future Generation Australia Ltd (ASX: FGX), Centuria Industrial REIT (ASX: CIP), Charter Hall Long WALE REIT (ASX: CLW), Hearts and Minds Investments Ltd (ASX: HM1), Rural Funds Group (ASX: RFF) and PM Capital Global Opportunities Fund Ltd (ASX: PGF).

But, I also wouldn’t ignore investments with somewhat lower yields that have a track record of regular dividend growth as well as appealing capital growth.

The post How much is needed in superannuation to target a $2,500 monthly passive income? appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has positions in Future Generation Australia, Future Generation Global, Hearts And Minds Investments, Mff Capital Investments, Rural Funds Group, and Wcm Global Growth. 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 Mff Capital Investments and Rural Funds Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.