• Are You Practicing Workplace Safety?

    Workplace safety is good for employers and their crews; practicing safety around the warehouse, shop, and plant prevents injuries, the loss of time, workers’ compensation claims, and increased insurance costs. Employers have a legal and moral obligation to provide a safe workplace, protect employees from injury, and keep the community safe from business-related hazards. Fortunately, there are many resources available to help you maintain safety in your workplace even when your employees are handling potentially hazardous materials and machinery.

    Electricity

    Safety must never be compromised, so paying attention to the basic safety guidelines when handling electricity is crucial. Proper workplace safety begins with the top administrators and doesn’t end until individual workers practice safety at all times:

    • Stay away from any amount of water when working with electricity. Hands, equipment, wiring, and surfaces must be dry.
    • Repair frayed cords, broken outlets and plugs, and damaged electrical insulation immediately.
    • Turn off the main power source before handling electrical wiring or appliances. Put up a sign near the service panel, so other workers don’t turn the switch on until it’s safe.
    • Train employees to recognize and understand warning signs on equipment, so they are compliant with local and federal electrical and wire codes.
    • Use insulated tools, rubber gloves, goggles, and other appropriate personal protective equipment.

    There are many potential risks when working with electricity. Train your employees to abide by safety protocols and make sure that safety signage is current and accurate.

    Hot Work

    Hot work operations include the use of an open flame or equipment that generates sparks. Some examples of hot work include cutting, soldering, welding, grinding, and brazing. This type of work can be dangerous, especially when the work is done around combustible materials. Some tips for maintaining safety including setting up designated spaces with fire-safe and hot work safety protocols. In some communities, permits are required, and in some situations, businesses must abide by a Hot Work Permit Program.

    Hazardous Materials

    There are many safety rules regarding the handling of chemicals and other hazardous materials. These begin with making sure that employees adhere to the protocols you’ve established. Your workers must use the appropriate PPE and be cautious around the materials. Other rules for safety include

    • Maintaining proper labeling and replacing damaged containers or labels immediately.
    • Only using materials, containers, and labels for their appropriate purposes.
    • Keeping food, drink, and cosmetics away from all materials.
    • Avoid touching glasses, contact lenses, and anything else on the face.
    • Keep the work area clean and re-clean areas at least once during a shift.

    The Department of Transportation has authority over these materials while they are transported and has established nine categories that are based on chemical and physical properties. Your employees must be aware of the regulations regarding packaging, labeling, and marking of products before they are shipped.

    Explosives

    When professionals handle explosives and participate in blasting projects, there’s a potential for hard to those workers involved, people in and around the area, any property in the vicinity, and the environment. There are, of course, several steps involved in maintaining safety during these activities:

    • Ongoing training for employees
    • The use of appropriate PPE
    • Enhanced site security
    • Strict supervision and oversight of employees, equipment, keys, and explosives
    • Clear communication between all related parties
    • The use of prominent warning signs, barricades, and guards
    • Procedures in place for reporting suspicious behavior

    Much of the danger when using explosives comes from the theft of materials by employees, vendors, customers, and others. On-site dangers may increase when employees aren’t cautious or get distracted when handling explosives. It is also vital that signs are clear, prominent, and up to date.

    Overall Safety Procedures

    Proper training should be consistent when employees use or work in and around hazardous situations. Classes should include information about emergency procedures, such as evacuation, first aid, and emergency reporting. Additionally, regulatory signs and labels are required for compliance with OSHA and DOT requirements. Your employees must understand how to read, understand, use, and replace those signs. This task is easier when working with a sign and label manufacturer that understands the requirements for workplace safety and offers helpful services, such as the EZMAKE Sign System.

    When it comes to the safety of your workers, your workplace, and the surrounding community, there are no shortcuts. The right protocols, signage, training, and attitudes toward safety can prevent injuries, property damage, and worst-case scenarios. Are there corrective steps you should take at your workplace?

    The post Are You Practicing Workplace Safety? appeared first on Wall Street Survivor.

    source https://blog.wallstreetsurvivor.com/2020/05/29/are-you-practicing-workplace-safety/

  • 2 ASX shares to buy for strong retirement income

    Man in deck chair on a beach at sunset with laptop and arms outstretched

    Are you currently in or, perhaps, nearing retirement? Are you looking for a good strategy to get some extra income?

    I believe that investing in ASX shares which pay high dividends is an excellent strategy for generating retirement income. 

    They are also a much better alternative to keeping your money in a savings account or term deposit. The interest earned with these options often doesn’t even cover inflation.

    So, with that said, here are 2 of my top ASX dividend share picks to buy now to provide you with extra income in retirement: BHP Group Ltd (ASX: BHP) and Macquarie Group Ltd (ASX: MQG).

    BHP

    BHP is my pick of mining shares on the ASX right now.

    It has diversified operations across a range of divisions including iron ore, copper and aluminium, underpinned by a strong balance sheet.

    The mining giant recently revealed that it expects to continue generating solid cash flow in its April quarterly activities report. It also revealed that its production guidance for the current financial year remains unchanged, despite the challenges faced by the coronavirus crisis.

    Although demand for its products has slowed somewhat in key markets like the US, there are signs of recovery in China.

    There are also early signs that economic conditions in Australia are starting to look increasingly favourable.

    Therefore the demand for iron ore, in particular, could pick up in the second half of the year. Also, the Australian Government’s intention to stimulate our local economy with a range of new infrastructure projects could generate further local demand.

    Based on current earnings, BHP also offers a very attractive forward fully franked dividend yield of around 6%. This would add nicely to your retirement income stream.

    Macquarie

    Macquarie is a global financial services business with a core focus on international investment banking.

    I prefer Macquarie over Australia’s big four major banks: Commonwealth Bank of Australia (ASX: CBA), Westpac Banking Corp (ASX: WBC), National Australia Bank Ltd. (ASX: NAB) and Australia and New Zealand Banking Group Ltd (ASX: ANZ).

    Over the past few years, Macquarie has become a more balanced and diversified business rather than being too focused on a small product set. This was a key reason why its share price was hit so hard during the global financial crisis.

    Based on current earnings, Macquarie also offers a healthy forward fully franked dividend yield of around 3.8%. This could provide you with an attractive additional retirement share income stream. 

    For more shares to consider for wealth well into the years ahead, check out our top picks below.

    NEW: Expert names top dividend stock for 2020 (free report)

    When our resident dividend expert Edward Vesely has a stock tip, it can pay to listen. After all, he’s the investing genius that runs Motley Fool Dividend Investor, the newsletter service that has picked huge winners like Dicker Data (+92%), SDI Limited (+53%) and National Storage (+35%).*

    Edward has just named what he believes is the number one ASX dividend stock to buy for 2020.

    This fully franked “under the radar” company is currently trading more than 24% below its all-time high and paying a 6.7% grossed-up dividend.

    The name of this dividend dynamo and the full investment case is revealed in this brand new free report.

    But you will have to hurry — history has shown it can pay dividends to get in early to some of Edward’s stock picks, and this dividend stock is already on the move.

    See the top dividend stock for 2020

    More reading

    Motley Fool contributor Phil Harpur owns shares of Australia & New Zealand Banking Group Limited, Commonwealth Bank of Australia, and Westpac Banking. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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  • 2 ASX shares to watch as sport returns

    Pile of sporting equipment against a white background

    Sport fans across Australia are rejoicing as major football codes restart their season, following a hiatus enforced by the coronavirus pandemic. The NRL rebooted its season on Thursday, while AFL is set to start on 11 June.

    Here are 2 ASX shares to keep your eyes on as elite and social sport returns.

    Pointsbet Holdings Ltd (ASX: PBH)

    PointsBet is a corporate bookmaker that has operations in both Australia and the US. The company offers its services through a cloud-based platform that allows clients to wager on a slew of sports and racing products. Despite being sold-off earlier this year, the PointsBet share price has bounced a monster 400% from its March lows.

    Earlier this week, PointsBet released a trading update that highlighted how the return of NRL and AFL will boost business operations. Despite the disruption of the coronavirus pandemic on these sporting codes, the company was able to record ‘net wins’ for both February and March. PointsBet calculates ‘net win’ as the dollar amount received from clients who placed losing bets, less the dollar amount paid to clients who placed winning bets, less client promotional costs such as money-back offers and bonus bets. 

    PointsBet also informed the market that its Australian trading business is continuing a positive trend in the 4th quarter, having achieved a net win of $18.2 million for the period 1 April to 25 May.

    In addition to strong Australian operations, PointsBet also elaborated on the company’s agreement to become the exclusive wagering partner for Fox Sports AFL (Fox Footy) for the 2020 season. The agreement will allow PointsBet to target its media assets which will hopefully lead to the acquisition of more clients and increased wagering volumes.

    PointsBet also elaborated on its US operations, noting a $0.3 million net win for the period 1 April to 25 May as major sporting leagues closed. Although the PGA has already announced it will return in June, the timeline for other major sports remains uncertain.

    Super Retail Group Ltd (ASX: SUL)

    Another auxiliary service that could benefit from the return to sport could be Super Retail Group. The group owns prominent retail outlets such as Supercheap Auto, BCF and Rebel. Despite being one of the most shorted stocks on the ASX, the Super Retail share price has bounced more than 139% from its March lows.

    As elite and community sport returns, the company’s sporting outlets like Rebel could see renewed demand. In an earlier trading update, Super Retail informed the market that the company has maintained positive sales momentum during the pandemic thanks to a strong online presence. The group’s Rebel sports stores also saw a surge in demand as the shutdown of gyms drove consumers to stock up on home fitness gear.

    Foolish takeaway

    The restarting of sports in Australia after a prolonged period of social distancing and isolation could reignite demand across all services. In my opinion, sports and related services will be an interesting sector to watch for growth in 2020 and beyond.

    Take a look at this free report for more stocks with great growth potential.

    5 “Bounce Back” Stocks To Tame The Bear Market (FREE REPORT)

    Master investor Scott Phillips has sifted through the wreckage and identified the 5 stocks he thinks could bounce back the hardest once the coronavirus is contained.

    Given how far some of them have fallen, the upside potential could be enormous.

    The report is called 5 Stocks For Building Wealth after 50, and you can grab a copy for FREE for a limited time only.

    But you will have to hurry — history has shown the market could bounce significantly higher before the virus is contained, meaning the cheap prices on offer today might not last for long.

    See the 5 stocks

    More reading

    Nikhil Gangaram has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Pointsbet Holdings Ltd. The Motley Fool Australia owns shares of and has recommended Super Retail Group Limited. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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  • United Airlines cutting 13 top jobs, adding international flights in July

    United Airlines cutting 13 top jobs, adding international flights in JulyChicago-based United said it is increasing trans-Atlantic service from Washington, D.C. and San Francisco to cities across Europe in July thanks to a modest rise in demand, and re-starting service to Tokyo-Haneda, Hong Kong, Singapore and Seoul.

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  • Westpac isn’t ruling out negative interest rates in Australia

    On Tuesday of next week the Reserve Bank is scheduled to hold its next cash rate meeting.

    At present, cash rate futures reveal that the market is divided on what the central bank will do.

    Futures are pointing to a 53% probability of rates remaining on hold and a 47% probability of rates being cut to zero.

    Could rates go lower?

    According to the latest weekly economic update by Westpac Banking Corp (ASX: WBC), its team has suggested that there is a real possibility that the Reserve Bank could not only take rates lower, but also take them into negative territory in the future.

    Although the bank maintains is forecast for rates to stay at 0.25% for the foreseeable future, it isn’t ruling out further cuts.

    Chief Economist Bill Evans commented: “[A] serious case can be made for the RBA to consider further cuts and entering negative territory for the cash rate if it becomes apparent that the economy is deteriorating even more than is currently expected.”

    Mr Evans sees positives in a move to negative rates.

    “A small open economy with significant foreign liabilities would certainly see a substantial improvement in the competitiveness of the currency with further rate cuts when other major markets are anchored at their effective lower bounds,” he added.

    What are the negatives of negative rates?

    It is worth noting that Westpac’s chief economist does have a few concerns over negative rates.

    This is mainly the impact they could have on expectations and confidence.

    Evans explained: “Is there some nonlinear impact on expectations as rates move into negative – a ‘sticker shock’ even though the same policies have been seen abroad – or does such a bold move strengthen perceptions of the RBA’s determination to deliver on its objectives?”

    But Evans believes the Reserve Bank can avoid this by communicating its objectives to avoid any shocks.

    “The risks are as much about framing and communication as the policy itself. As we have already seen with the move to ultra-low rates and then QE, if moves come as too much of a surprise, they can exacerbate concerns about the economy and cast doubt on the ability of policymakers to achieve better outcomes,” he said.

    Mr Evan concluded: “Although there is a clear current message from the RBA, circumstances can change and astute policy makers (as the RBA has proven to be over many decades) can change with them.”

    Foolish takeaway

    I would be surprised if rates went lower from here, but anything is certainly possible in the current environment.

    But one thing that is for sure, is that in looks set to be many years until rates return to normal levels again.

    In light of this, income investors might want to consider buying the highly rated dividend share named below…

    NEW: Expert names top dividend stock for 2020 (free report)

    When our resident dividend expert Edward Vesely has a stock tip, it can pay to listen. After all, he’s the investing genius that runs Motley Fool Dividend Investor, the newsletter service that has picked huge winners like Dicker Data (+92%), SDI Limited (+53%) and National Storage (+35%).*

    Edward has just named what he believes is the number one ASX dividend stock to buy for 2020.

    This fully franked “under the radar” company is currently trading more than 24% below its all-time high and paying a 6.7% grossed-up dividend.

    The name of this dividend dynamo and the full investment case is revealed in this brand new free report.

    But you will have to hurry — history has shown it can pay dividends to get in early to some of Edward’s stock picks, and this dividend stock is already on the move.

    See the top dividend stock for 2020

    More reading

    Motley Fool contributor James Mickleboro owns shares of Westpac Banking. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

    The post Westpac isn’t ruling out negative interest rates in Australia appeared first on Motley Fool Australia.

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  • Where to invest $20,000 in ASX 200 shares today

    Bear and bull colliding over man holding an umbrella, asx 200 bull market

    It’s been a wild ride for ASX 200 shares in 2020 as the S&P/ASX 200 Index (ASX: XJO) has gone from bull to bear to bull again.

    So if you’ve got $20,000 burning a hole in your pocket right now, here’s a couple of investment ideas to get you started.

    Where to invest $20,000 in ASX 200 shares today

    I like the look of large-cap dividend shares right now. That means BHP Group Ltd (ASX: BHP) shares could be in the buy zone for me.

    The resources sector could be set to boom in the next year or so. Governments are looking to kickstart their economies and infrastructure is a great way to do that. That means steel (and iron ore) could be in high demand which is good for BHP earnings.

    If you’re not bullish on BHP, there are other ASX 200 shares I like right now. I think AGL Energy Limited (ASX: AGL) could offer defensive exposure which is valuable in the current market.

    AGL shares have fallen sharply in 2020 and still offer a solid dividend yield. While I wouldn’t bank on dividend yields ahead of the August reporting season, I think AGL is well-placed in the Aussie energy market.

    There are some headwinds, like lower corporate energy use, but higher residential consumption could help to offset that. If you’re buying for the long-term, I think AGL could also be a major renewables player in the next decade or so.

    Finally, I think Telstra Corporation Ltd (ASX: TLS) is another ASX 200 share worth watching. There are certainly challenges facing Telstra this year but we could see the 5G network push accelerated.

    More working from home means more reliance on network infrastructure. That could be good news for Telstra as it looks to re-shape itself and re-define its strategy for the decades ahead.

    Foolish takeaway

    These are just a few of the ASX 200 shares that I like the look of right now. If you have $20,000 to invest, it might be wise to focus on portfolio construction.

    No two scenarios are the same which means you have to create a portfolio that suits your needs and investment horizon.

    For other long-term buys right now, check out these 5 shares for a good price today!

    NEW. The Motley Fool AU Releases Five Cheap and Good Stocks to Buy for 2020 and beyond!….

    Our experts here at The Motley Fool Australia have just released a fantastic report, detailing 5 dirt cheap shares that you can buy in 2020.

    One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

    Another is a diversified conglomerate trading over 40% off its high, all while offering a fully franked dividend yield over 3%…

    Plus 3 more cheap bets that could position you to profit over the next 12 months!

    See for yourself now. Simply click here or the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.

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    More reading

    Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

    The post Where to invest $20,000 in ASX 200 shares today appeared first on Motley Fool Australia.

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  • Top brokers name 3 ASX shares to buy next week

    Last week saw a large number of broker notes hitting the wires once again. Three buy ratings that caught my eye are summarised below.

    Here’s why brokers think investors ought to buy them next week:

    Adairs Ltd (ASX: ADH)

    According to a note out of Goldman Sachs, its analysts have upgraded this homewares retailer’s shares to a buy rating with an improved price target of $2.40. The broker likes Adairs due to its strong online business, solid product offering, and improving supply chain. It also believes its shares are very cheap at 13x forward earnings. I think Goldman Sachs makes some great points and Adairs  could be a good option for investors.

    Nearmap Ltd (ASX: NEA)

    Analysts at Citi have retained their buy rating and lifted the price target on this aerial imagery technology and location data company’s shares to $2.60. According to the note, the broker was pleased with its market update and was impressed with the resilience of the business. And while it suspects that FY 2021 will be tough, it remains positive on its longer term outlook. I agree with Citi and think Nearmap would be a great buy and hold option.

    Telstra Corporation Ltd (ASX: TLS)

    A note out of Credit Suisse reveals that its analysts have retained their outperform rating but trimmed the price target on this telco giant’s shares to $4.10. Although the broker expects the pandemic to negatively impacts its earnings, the damage isn’t enough for it to change its bullish stance. It feels its shares are cheap at the current level and continues to forecast a 16 cents per share dividend over the near term. I think Credit Suisse is spot on and would be a buyer of Telstra’s shares.

    And here are more top shares which analysts have just given buy ratings to. All five recommendations below look dirt cheap after the crash…

    NEW. The Motley Fool AU Releases Five Cheap and Good Stocks to Buy for 2020 and beyond!….

    Our experts here at The Motley Fool Australia have just released a fantastic report, detailing 5 dirt cheap shares that you can buy in 2020.

    One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

    Another is a diversified conglomerate trading over 40% off its high, all while offering a fully franked dividend yield over 3%…

    Plus 3 more cheap bets that could position you to profit over the next 12 months!

    See for yourself now. Simply click here or the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.

    CLICK HERE FOR YOUR FREE REPORT!

    More reading

    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Nearmap Ltd. and Telstra Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

    The post Top brokers name 3 ASX shares to buy next week appeared first on Motley Fool Australia.

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  • These were the best performing ASX 200 shares last week

    man walking up line graph into clouds, asx shares all time high

    The S&P/ASX 200 Index (ASX: XJO) was on form last week and recorded a very strong gain. The benchmark index finished the period at 5755.7 points, 4.7% higher than where it started it.

    While the majority of shares on the index pushed higher last week, some climbed more than most.

    Here’s why these were the best performing ASX 200 shares over the period:

    The Southern Cross Media Group Ltd (ASX: SXL) share price was the best performer on the index by some distance with a 62% gain. This media company’s shares have been incredibly volatile this month and have regularly been among the worst and best performers. Its share price gain this week was so strong the ASX sent it a price query. Southern Cross advised the stock exchange operator that it could not explain why its shares had risen so much.

    The Virgin Money UK (ASX: VUK) share price was the next best performer with a gain of 22.9%. Investors were piling into Virgin Money and other banking shares last week. This appears to have been on the belief that they have been oversold during the pandemic. The big four banks all climbed notably higher last week.

    The Boral Limited (ASX: BLD) share price wasn’t far behind with a gain of 21% last week. This was despite there being no news out of the building materials company. But with its shares down significantly from their 52-week high, some investors may believe they had fallen into the bargain bin. Boral’s shares are still down 46% from their high, even after this strong gain.

    The Austal Limited (ASX: ASB) share price was a strong performer and rose 20.1% over the period. A good portion of the shipbuilder’s gain came on Friday after it upgraded its FY 2020 guidance. Austal advised that its revenue this year will hit ~$2 billion, while its earnings before interest and tax (EBIT) will be no less than $125 million. As a comparison, the company’s previous guidance was for revenue of at least $1.9 billion and EBIT of no less than $110 million.

    Missed out on these gains? Then don’t miss out on these dirt cheap shares before they rebound…

    NEW. The Motley Fool AU Releases Five Cheap and Good Stocks to Buy for 2020 and beyond!….

    Our experts here at The Motley Fool Australia have just released a fantastic report, detailing 5 dirt cheap shares that you can buy in 2020.

    One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

    Another is a diversified conglomerate trading over 40% off its high, all while offering a fully franked dividend yield over 3%…

    Plus 3 more cheap bets that could position you to profit over the next 12 months!

    See for yourself now. Simply click here or the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.

    CLICK HERE FOR YOUR FREE REPORT!

    More reading

    James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Austal Limited. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

    The post These were the best performing ASX 200 shares last week appeared first on Motley Fool Australia.

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  • How you can get very rich with ASX 200 shares

    Woman holding up wads of cash

    Do you have $5,000 sitting in a savings account and no immediate use for it? Then investing it into the share market could be your first step towards becoming wealthy.

    This is because if you are able to invest $5,000 into the share market once a year for a long period of time, you can turn it into considerably more.

    Over the last 30 years the Australian share market has provided investors with an average annual return of 9.5%.

    This means that if you had invested $5,000 into the share market each year since 1990 and earned the market return, you would be sitting on a small fortune now.

    Those investments would now be worth approximately $825,000. Which I believe demonstrates how rewarding long-term buy and hold investing can be.

    With that in mind, I have picked out three top ASX shares which I believe could be great long term investments:

    a2 Milk Company Ltd (ASX: A2M)

    I think a2 Milk Company is one of the best growth shares on the Australian share market. It has been growing at an astonishing rate over the last five years and shows no signs of stopping any time soon. This is thanks to its expanding fresh milk footprint and the insatiable appetite for its infant formula in China. The good news is that it still only has a modest China consumption market share of 6.6%. I believe this gives it a long runway for growth over the next decade.

    Afterpay Ltd (ASX: APT)

    I think this payments company could be a fantastic long term investment. Although its shares have been on fire this year, I believe they can still climb materially higher over the next decade. This is due to its explosive growth in the United States and its massive global market opportunity. In respect to the latter, I wouldn’t be surprised to see the company expand into mainland Europe and Asia in the coming years.

    ResMed Inc. (ASX: RMD)

    Another company which I think has enormous long term growth potential is ResMed. It is one of the world’s leading medical device companies with a focus on the growing sleep treatment market. Given the quality of its masks and software solutions, I expect it to profit greatly from the proliferation of sleep apnoea.

    And here are more top shares which could provide strong long term returns. All five recommendations below look dirt cheap after the crash…

    NEW. The Motley Fool AU Releases Five Cheap and Good Stocks to Buy for 2020 and beyond!….

    Our experts here at The Motley Fool Australia have just released a fantastic report, detailing 5 dirt cheap shares that you can buy in 2020.

    One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

    Another is a diversified conglomerate trading over 40% off its high, all while offering a fully franked dividend yield over 3%…

    Plus 3 more cheap bets that could position you to profit over the next 12 months!

    See for yourself now. Simply click here or the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.

    CLICK HERE FOR YOUR FREE REPORT!

    More reading

    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of A2 Milk and AFTERPAY T FPO. The Motley Fool Australia has recommended ResMed Inc. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

    The post How you can get very rich with ASX 200 shares appeared first on Motley Fool Australia.

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  • 10 top ASX growth shares to buy in June for strong returns

    man drawing upward curve on 2020 graph, asx share price growth

    The best ASX growth shares are the ones that are going to make strong returns for your portfolio over the years. I’d buy these top ideas in June that will hopefully create those excellent market-beating returns this decade:

    Pushpay Holdings Ltd (ASX: PPH)

    Pushpay is one my favourite ASX growth shares now. Pushpay is an electronic donation business which is currently focused on the US medium and large church sector. The coronavirus is causing more churches to promote electronic giving, particularly in places where people can’t congregate yet. In FY21 the company is expecting earnings before interest, tax, depreciation, amortisation and foreign currency (EBITDAF) to approximately double.

    MFF Capital Investments Ltd (ASX: MFF)

    MFF Capital Investments is one of the best globally-focused listed investment companies (LIC) in my opinion. Chris Mackay owns a lot of MFF Capital shares and he has expertly guided the LIC to strong returns over the past decade. It currently has a large cash position which can be used for protection or opportunities over the coming months, whatever happens with COVID-19. It has large holdings of excellent the payment businesses Visa and Mastercard.

    Bubs Australia Ltd (ASX: BUB)

    Bubs is another of my favourite ASX growth shares right now. It produces and sells a variety of goat milk products. There are two key aspects I’m looking at right now, aside from the obvious stellar revenue growth. The first is that it’s rapidly expanding its distribution outside of Australia. Vietnam and China alone are two large markets which are producing attractive growth for Bubs. The other aspect is that its operating cashflow was positive last quarter, so it’s a safer prospect from here.

    Magellan Global Trust (ASX: MGG)

    I wouldn’t describe many of Australia’s blue chips as top ASX growth shares. So what we can do is choose to put our money in investment picks which give that exposure to leading growth shares overseas. I’m talking about businesses like Microsoft, Facebook, Alibaba, Visa, Alphabet and so on. This listed investment trust (LIT) just wants to invest in the best of the best in the world. It’s pretty defensive too in normal market sell-offs.

    Altium Limited (ASX: ALU)

    Altium is another of my top ASX growth share ideas. Though it’s priced quite highly at the moment considering potential COVID-19 impacts. Altium is an electronic PCB software business helping engineers design the products, devices and vehicles of the future. It’s aiming for market dominance this decade and I believe it has the management and plan to do it. It has been growing its profit margins and cash on the balance sheet. It could be tough in 2020, but if the share price were to fall again I’d be looking to snap up some shares.

    City Chic Collective Ltd (ASX: CCX)

    City Chic is one of the most compelling retail ASX growth shares in my opinion. It has a very high proportion of sales that come from online. That’s helpful to know that the customer base already knows how to get hold of the product. City Chic is growing internationally and I like the strategy of making international acquisitions as long as they are integrated well and can be adequately profitable.

    Kogan.com Ltd (ASX: KGN)

    Kogan.com is another exciting retail-related ASX growth share. During the coronavirus restrictions the company saw an enormous jump in sales volume last month. Ongoing growth might not be as strong going forwards, but it may help accelerate Australians to shop more online. I like the network effects that Kogan.com has where it can sell a variety of other affordable services to a growing customer base such as phone services, insurance and finance-related offerings.

    A2 Milk Company Ltd (ASX: A2M)

    A2 Milk has been one of the best ASX growth shares for some time. It has built a brand of quality and it happily relies on other companies to provide the materials and production, allowing A2 Milk to have high margins. With growth across Asia and North America, A2 Milk is one of watch. It also a very nice cash pile on the balance sheet too. I like that it’s balancing short-term profit with investing for long-term growth.

    WAM Microcap Limited (ASX: WMI)

    Some of the best ASX growth shares are among the smallest. Small caps may not have the strongest economic moats in the world, but their small size means it’s much easier to double in size than a business like Microsoft.

    WAM Microcap has an excellent small cap investment team which is very talented at finding the undervalued stars. Before the coronavirus it had generated very strong investment returns.

    It also comes with a very nice dividend. If WAM Microcap were to get too big it would become less effective at investing in small caps.

    Duxton Water Ltd (ASX: D2O)

    A water entitlement business wouldn’t strike you as an ASX growth share. I believe there are two good reasons to consider it. The first is that water values are steadily rising over time. That’s partly due to the drier weather. But also because there are more high-value crops that need more water, like almonds.

    The other reason is that it’s priced at a very large discount to its monthly net tangible assets (NTA) which gives a nice margin of safety even if water values were to drop in the short-term because of more rainfall.

    Foolish takeaway

    I like all of these ASX growth shares. At the current prices I’d buy Pushpay, WAM Microcap and Bubs. But I’d really like to buy them all for my portfolio.

    Thankfully these aren’t the only great ASX shares that can make strong returns. Check out these other top contenders…

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    More reading

    Tristan Harrison owns shares of Altium, DUXTON FPO, Magellan Flagship Fund Ltd, MAGLOBTRST UNITS, and WAM MICRO FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of BUBS AUST FPO. The Motley Fool Australia owns shares of and has recommended Kogan.com ltd and PUSHPAY FPO NZX. The Motley Fool Australia owns shares of A2 Milk and Altium. The Motley Fool Australia has recommended BUBS AUST FPO and DUXTON FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

    The post 10 top ASX growth shares to buy in June for strong returns appeared first on Motley Fool Australia.

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