If I had a spare $5,000 to invest in ASX shares in September, these would be four of my top picks.

Life360 Inc (ASX: 360)

Life360 posted its second-quarter FY26 update in mid-August, including a 38% increase in revenue, to US$159 million, and a 53% increase in adjusted EBITDA, to US$31.1 million. Looking ahead, Life360 still expects FY26 revenue growth to accelerate between 33% to 40% year-on-year to between US$650 million and US$685 million. But investors weren’t impressed, likely because they were expecting another upward revision to FY26 revenue guidance. But I think the ASX shares have been oversold and that there is still great growth potential ahead. Brokers seem to agree. Market Index shows they all have a strong buy consensus and the $31.72 target price implies a potential 57% upside, at the time of writing.

WiseTech Global Ltd (ASX: WTC) 

WiseTech shares faced yet more headwinds in August after the company reported a 46% increase in EBITDA to US$558.4 million for the 12 months through to the 30th of June. The result was in line with the company’s $550 million to $585 million guidance range but short of market forecasts of $569.5 million. It didn’t blow investors away, but the company still maintains a strong competitive advantage in the global logistics industry, and I think the shares are trading well below fair value. Market Index shows that the majority of brokers are very bullish on the ASX tech shares and hold a strong buy rating. The average $57.66 target price implies a potential 45% upside over the next 12 months, at the time of writing.

Electro Optic Systems Holdings Ltd (ASX: EOS)

EOS posted a huge 283% hike in its half-year revenue last week, and a reduced net loss of $32.9 million. Underlying EBITDA swung into profit, and its net assets grew to $391.6 million. Going forward, EOS expects continued strong demand, driven by defence spending and escalating global interest in counter-drone technologies. Management is forecasting a record FY26 revenue ahead. Brokers are also incredibly bullish about the outlook for EOS shares. Market Index data shows that all analysts rate the ASX shares a strong buy. The average $13.10 target price implies a potential 15% upside at the time of writing.

Light & Wonder Inc (ASX: LNW)

Light & Wonder has been reshaping its business in recent years, focusing on recurring revenue and higher-quality earnings. And it looks like all that hard work is finally coming to fruition. The company posted a strong second-quarter earnings update in early August, including a 2% increase in revenue and a 26% increase in net income year-on-year. The company also achieved a 16% increase in adjusted net profit after tax and amortisation (NPATA). Brokers are bullish on ASX gaming shares and expect them to keep climbing. At the time of writing, Market Index data shows all brokers have a strong buy rating, and the $187.50 target price implies an upside of around 45%.

The post 4 ASX shares I’d buy with $5,000 in September appeared first on The Motley Fool Australia.

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Motley Fool contributor Samantha Menzies 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 Electro Optic Systems, Life360, Light & Wonder Inc, and WiseTech Global. The Motley Fool Australia has positions in and has recommended Life360 and WiseTech Global. The Motley Fool Australia has recommended Light & Wonder Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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.