Tag: Motley Fool

If you’re looking for an easy way to invest your hard-earned money, then exchange traded funds (ETFs) could be the answer.

They provide investors with access to groups of high-quality shares with a single click of the button. This can make them a great way to supercharge your wealth with little effort.

But which ETFs could be top options right now?

Listed below are four excellent ETFs that could be great options:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The first ASX ETF to look at is the BetaShares Asia Technology Tigers ETF. It provides investors with easy access to the largest technology companies in Asia (excluding Japan). Among the tigers in its portfolio are giants such as Alibaba, JD.com, Pinduoduo, Samsung, Taiwan Semiconductor, and Tencent Holdings.

Betashares Global Quality Leaders ETF (ASX: QLTY)

The Betashares Global Quality Leaders ETF could be another good option for investors. It was recommended by the fund manager’s chief economist, David Bassanese, last year. This ETF is focused on approximately 150 global companies that rank highly on four quality metrics. This means that you are buying a slice of the very best companies that the world has to offer.

BetaShares NASDAQ 100 ETF (ASX: NDQ)

Another ASX ETF that gives you access to some of the best companies in the world is the BetaShares NASDAQ 100 ETF. This fund is home to the 100 largest (non-financial) shares on the famous NASDAQ index. This is where you’ll find all the big tech giants such as Apple, Amazon, Microsoft, Nvidia, and Tesla.

Vanguard MSCI Index International Shares ETF (ASX: VGS)

Finally, the Vanguard MSCI Index International Shares ETF could be worth looking at. It allows investors to buy a slice of ~1,500 of the world’s largest listed companies in one fell swoop. This could make it a great way to diversify your portfolio effortlessly.

The post 4 ASX ETFs to supercharge your wealth appeared first on The Motley Fool Australia.

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More reading

• These ASX ETFs could be world class options in February
• Buy and hold these ASX ETFs for 10 years or more
• 3 ASX ETFs for smart investors to buy
• 4 ASX ETFs to supercharge your portfolio in February
• Shares vs. property: Beginner investors choosing Aussie shares, ASX ETFs and rentvesting

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Motley Fool contributor James Mickleboro has positions in BetaShares Nasdaq 100 ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Amazon, Apple, BetaShares Nasdaq 100 ETF, JD.com, Microsoft, Nvidia, Taiwan Semiconductor Manufacturing, Tencent, and Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Alibaba Group and has recommended the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool Australia has positions in and has recommended BetaShares Nasdaq 100 ETF. The Motley Fool Australia has recommended Amazon, Apple, Betashares Capital – Asia Technology Tigers Etf, JD.com, Nvidia, and Vanguard Msci Index International Shares ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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If you’re wanting to boost your returns in 2024, then it could be worth checking out the three ASX shares listed below.

That’s because they have been tipped by brokers to rise between 30% and ~50% over the next 12 months. Here’s what you need to know:

Clinuvel Pharmaceuticals Limited (ASX: CUV)

Bell Potter thinks that this biopharmaceutical company is an ASX share to buy right now.

Last week, the broker retained its buy rating with a new price target of $22.25. This implies potential upside of 55% for investors from current levels. It said:

Clinuvel maintains a lean, vertically integrated business model that we expect to generate EBIT margins of ~50% in FY24 and FY25. Scenesse remains the only approved drug for EPP patients globally, with the most advanced competitors still ~3-4 years away, if successful.

Coronado Global Resources Inc (ASX: CRN)

If you don’t mind investing in the resources sector, then this coal miner could be an ASX share to buy.

Morgans is feels the company’s shares are very cheap and has put an add rating and $1.75 price target on them. This suggests a return of approximately 30% for investors before dividends. It commented:

CRN looks far too cheap, but we think the market will wait for tangible production/ cost and physical market improvement before narrowing this discount.

Qantas Airways Limited (ASX: QAN)

Analysts at Goldman Sachs think investors should be snapping up Qantas shares while they trade on depressed levels.

Last week, the broker responded to the airline operator’s half-year results by retaining its buy rating with a price target of $8.05. This suggests potential upside of 52% for investors.

Goldman believes the market is undervaluing its significantly improved earnings capacity. It said:

Despite negative revisions, we note that our FY24 EPS remains 52% above pre-COVID levels even as the business faces higher (vs pre COVID) fuel prices, elevated current customer investment and a 10% yoy GSe decline in unit revenue (FY24 RASK is 24% above pre-COVID equates to average 4.4% per annum). Despite this, QAN is trading 17% below its pre-COVID market capitalization with the enterprise value 24% lower. Retain Buy.

The post These ASX shares could rise 30% to 50% in 12 months appeared first on The Motley Fool Australia.

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More reading

• Qantas descends, Treasurer’s RBA dilemma and Twiggy’s payday: Scott Phillips on Nine’s Late News
• Brokers name 3 ASX shares to buy now
• Why Qantas shares could rise over 50%
• 5 things to watch on the ASX 200 on Friday
• Why Clinuvel, Medibank, Sayona Mining, and Tabcorp shares are sinking today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. 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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With the market roaring higher this year, it’s getting harder to find value for money with ASX shares.

But that doesn’t mean that there aren’t any cheap ASX shares for you to buy.

For example, analysts think the two shares named below are undervalued and could provide strong returns for investors.

Here’s what they are saying about them:

Regis Resources Ltd (ASX: RRL)

This gold miner could be cheap according to analysts at Bell Potter.

In response to the company’s half year update, which was ahead of its expectations, the broker retained its buy rating and $2.60 price target. This implies over 50% upside from current levels.

The broker commented:

RRL is one of the largest ASX gold producers with an attractive all-Australian asset portfolio and organic growth options which are unique at this scale. RRL now offers unhedged exposure to the gold price and strong free cash flow growth over FY24 and FY25. These attributes also make RRL an appealing corporate target in the current M&A environment. Our NPV-based valuation is unchanged at $2.60/sh and we retain our Buy recommendation.

Universal Store Holdings Ltd (ASX: UNI)

This youth fashion retailer could be another cheap ASX share to buy according to analysts at Morgans.

In response to its strong half-year update, the broker has retained its add rating with an improved price target of $5.65. This would mean a return of 26% for investors. It commented:

UNI’s focus on offering high quality, fashionable apparel in a well presented store environment with high levels of service is paying off. Despite the challenges facing the consumer discretionary market, especially among the younger demographic, the 1H24 performance was highly resilient. Costs were well controlled and margins outperformed expectations, resulting in EBIT coming in 6% above forecast. The core youth consumer appears to be picking up. We have increased our FY24 EBIT estimate by 4% and reiterate our Add rating with an increased target price.

The post Are these top ASX shares dirt cheap and must-buys right now? appeared first on The Motley Fool Australia.

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More reading

• Why Bega Cheese, Domino’s, Lovisa, and Universal Store shares are rocketing today
• Here are 3 ASX retail shares moving up to 19% on half-year results today
• 5 things to watch on the ASX 200 on Tuesday
• 1 ASX dividend stock down 50% to buy in February
• 5 things to watch on the ASX 200 on Tuesday

Motley Fool contributor James Mickleboro has positions in Universal Store. 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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Superannuation balances are funny things. Most of us know that they periodically grow with every paycheque. But most of us don’t really start paying attention to our super until we reach a certain age. After all, it’s pretty hard to think about yourself retiring when you’re 25, 30 or even 40 years old.

Often, the age when Australians really start giving their superannuation the attention it deserves is around 60. After all, 60 is the current preservation age (when you’re allowed to access your super) for anyone born after 30 June 1964.

We’ve recently looked at the average super balances for people who are approaching or have already reached, retirement age. We’ve also dug into the average super balances of younger Australians.

But today, let’s talk about the average superannuation balance at age 60. We’ll also discuss the median balance as well. If you’re a bit hazy on statistics, the median figure can be more accurate as it gets less distorted by the largest numbers in a sample size (in this case, ultra-rich 60-year-olds).

What’s the average superannuation balance at age 60?

So according to the Australian Taxation Office (ATO)’s Taxation Statistics report, which covers the 2021 financial year, the average balance for an Australian aged between 60 and 64 was $361,539. The median figure came in at $183,524.

That figure includes all genders. But when broken down, females had an average balance of $318,203, and a median balance of $158,806. For men, we got an average figure of $402,838 and a median figure of $211,996.

But let’s also look at the numbers from the 55-59 age group.

So for these pre-retirees, the average super balance was $277,327. The median balance came in at $158,462.

What do these figures tell us?

Quite frankly, these figures tell us that there are going to be many Australians around age 60 today who won’t be able to fund a comfortable retirement on their own.

In the past, we’ve looked at figures from financial services company AMP that estimate that a single retiree needs to have $1.25 million in their super funds to have a shot at funding a “comfortable retirement” (that allows for $50,207 in annual expenses) using only their superannuation.

For a “modest retirement”, that single retiree would still need $795,000 (for $31,867 per annum).

These figures do drop for coupled-up retirees, but only slightly.

So if you haven’t done a super checkup for a while, now is as good a time as any. Hopefully, you’re pleasantly surprised by what you find, now that you know where the average 60-year-old Aussie stands.

The post Here’s the average Australian superannuation balance at age 60 in 2024 appeared first on The Motley Fool Australia.

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More reading

• Here’s why I’m steering clear of Core Lithium shares
• Why these 4 ASX 200 shares grabbed the Motley Fool’s headlines this week
• Better buy: Fortescue or BHP shares?
• I’d aim to turn a $20,000 savings account into $25,400 of passive income
• 3 ASX shares to buy and hold forever

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 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’s been well documented that the last 12 months have been no picnic for ASX lithium shares.

With Western economies deliberately slowed via rising interest rates and Chinese consumers reluctant to shell out for major purchases like electric cars, demand has nosedived.

The brutal fact is that a tonne of lithium carbonate was selling for almost 600,000 CNY in November 2022, and now no one will even buy it for six figures.

Ouch.

However, many experts are still expressing long-term bullishness for the commodity.

Their argument, which I agree with, is that batteries are too important in the global transition to net zero carbon emissions. There are simply too many cars and other machinery that will need to switch from burning fossil fuels to using electricity.

So that reasoning extended to lithium stocks. Buy now while they’re cheap and watch them rise as demand eventually picks up.

But is it as simple as that?

I would say that there are some better purchases among ASX lithium shares right now than others.

Let’s take a look at Core Lithium Ltd (ASX: CXO), for example.

When a lithium miner stops mining lithium

Many of the large mining companies, with economies of scale and even other minerals to depend on, have kept producing lithium despite the current low price.

But with a market cap of just $453 million, Core Lithium is not one of them.

And the consequence is that last month it was forced to stop mining.

This is an economically responsible decision, for sure. But it doesn’t leave much hope for investors who own shares at the moment.

As such, Core Lithium shares remain one of the highest shorted stocks on the ASX. The last report was that a whopping 13% were borrowed for shorting.

Professional investors’ ratings support this bearishness.

Broking platform CMC Invest currently shows none of the nine analysts that cover Core Lithium rating it as a buy. In fact, seven of them are urging investors to sell.

And that’s why I’m crossing the street to avoid Core Lithium shares.

For now.

The post Here’s why I’m steering clear of Core Lithium shares appeared first on The Motley Fool Australia.

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More reading

• Down 76% in a year, why is the Core Lithium share price getting smashed again today?
• These are the 10 most shorted ASX shares
• Here are the top 10 ASX 200 shares today
• ASX mining shares up amid Labor plan to spend multibillions on renewables revolution
• Here are the top 10 ASX 200 shares today

Motley Fool contributor Tony Yoo 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’s been another big week for S&P/ASX 200 Index (ASX: XJO) shares amid some stellar reporting season results and a long-awaited acquisition green light from a government regulator.

Here’s what saw these four blue-chip stocks grab the Motley Fool’s headlines in the trading week just past.

Four ASX 200 shares grabbing the Motley Fool’s headlines

First up we have ANZ Group Holdings Ltd (ASX: ANZ) and Suncorp Group Ltd (ASX: SUN).

Both ASX 200 shares made headline news together on Tuesday. That came after the Australian Competition Tribunal approved ANZ’s $4.9 billion acquisition bid for Suncorp’s banking segment.

ANZ made its initial bid for Suncorp’s bank way back in July 2022. That bid was eventually blocked by the Australian Competition and Consumer Commission (ACCC) in August 2023 amid fears it would stifle competition among the banks.

The acquisition now awaits the final tick of approval from Australian Treasurer Jim Chalmers as well as Queensland’s state government.

Which brings us to the third ASX 200 share leaping into the Motley Fool’s headlines this week, Fortescue Metals Group Ltd (ASX: FMG).

The mining stock grabbed our attention with some very strong first-half results for the six months ending 31 December.

Among the highlights, Fortescue’s half-year revenue increased by 21% year on year to US$9.5 billion. And net profit after tax (NPAT) of US$3.3 billion was up 41% year on year.

This saw Fortescue increase its fully franked interim dividend by 44% to AU$1.08 per share. Fortescue shares now trade at a 7.4% dividend yield.

Commenting on those results, Fortescue Metals CEO Dino Otranto said:

Whether it’s through our first green energy projects, our diversification into the high-grade segment of the iron ore market through Iron Bridge, or expansion of our global footprint with the Belinga Iron Ore Project in Gabon, we remain committed to creating value for all our stakeholders.

Rounding off the list of ASX 200 shares grabbing the Motley Fool’s headlines over the week is Block Inc (ASX: SQ2).

The ASX 200 BNPL stock reported its fourth quarter 2023 results on Friday. And boy did investors like those numbers, sending the Block share price up 16.8% on the day at one point!

Among the highlights was a 24% year on year jump in net revenue to US$5.77 billion. And gross profit of $2.03 billion was up 22%.

The company’s balance sheet also impressed, with $7.7 billion in available liquidity as at 31 December.

Looking ahead, Block CEO Jack Dorsey said, “We’ve done a lot recently to reduce our costs. Now we’re going to focus on growth.”

Judging by the ASX 200 share’s outsized share price gains on Friday, investors appeared to believe that growth is on the horizon.

The post Why these 4 ASX 200 shares grabbed the Motley Fool’s headlines this week appeared first on The Motley Fool Australia.

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More reading

• Better buy: Fortescue or BHP shares?
• Here’s how the ASX 200 market sectors stacked up this week
• Here are the top 10 ASX 200 shares today
• Qantas descends, Treasurer’s RBA dilemma and Twiggy’s payday: Scott Phillips on Nine’s Late News
• 25 ASX 200 shares with ex-dividend dates next week

Motley Fool contributor Bernd Struben 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 Block. The Motley Fool Australia has positions in and has recommended Block. 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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BHP Group Ltd (ASX: BHP) shares and Fortescue Ltd (ASX: FMG) shares are both known for paying big dividends to shareholders. But which of the ASX mining giants is a better buy?

Almost all of Fortescue’s revenue comes from iron ore, for now at least. BHP is involved in a number of different commodities, including iron ore, copper, nickel and coal.

Most of the time, diversification is a good thing. But, BHP’s nickel exposure has caused some pain after the recent multi-billion write-down of the nickel division on its balance sheet.

They’re both big enough that I don’t think size makes much difference for a choice. They’re both excellent miners, though Fortescue’s iron ore production is generally lower-grade.

Dividend yield

Both businesses just reported their FY24 half-year results.

BHP decided to cut its dividend by 20% to US 72 cents, while Fortescue hiked its dividend by 44% to A$1.08 per share. Despite BHP being significantly larger by market capitalisation than Fortescue, the Fortescue dividend is almost the same size in dollar terms.

Of course, if the iron ore price were to fall, BHP’s other commodities (such as copper) could help offset that pain.

According to the estimate on Commsec, for the full 2024 financial year. Fortescue could pay a grossed-up dividend yield of 10.8% and BHP could pay a grossed-up dividend yield of 7.7%.

For investors purely focused on short-term dividend income, Fortescue seems like the more appealing choice.

Green efforts

Both of these mining companies provide commodities that the world needs. Iron ore is an essential element of steel, which is used in construction, car manufacturing, infrastructure and many more uses.

BHP has expanded in copper, and it’s working on a large potash project in Canada called Jansen. I think both copper and potash have attractive futures – copper is needed for electrification, while potash is a fertiliser that supposedly has less emissions.

Fortescue is working on a myriad of different green energy initiatives, including the production of green hydrogen and green ammonia. It’s also building a division that works on producing high-performance industrial batteries.

If the world is to reach net zero, it will need to replace the fuel used by planes, boats and other heavy machinery. Green hydrogen and green ammonia could be the answer if produced in large enough quantities. I like this move by Fortescue because it diversifies which customers it’s selling to and opens it up to another commodity.

Valuation

Fortescue isn’t generating any earnings from its green division yet, but the Fortescue share price is only priced at 8.4x FY24’s estimated earnings, according to the projection on Commsec.

The BHP share price is valued at 10.5x FY24’s estimated earnings, so it’s priced higher than Fortescue.

Foolish takeaway

With the iron ore price as high as it is, above US$120 per tonne, I wouldn’t be jumping on either ASX iron ore share. But, on the face of it, Fortescue looks like the better choice, particularly if the green energy initiatives pay off.

The post Better buy: Fortescue or BHP shares? appeared first on The Motley Fool Australia.

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More reading

• Qantas descends, Treasurer’s RBA dilemma and Twiggy’s payday: Scott Phillips on Nine’s Late News
• 25 ASX 200 shares with ex-dividend dates next week
• Everything you need to know about the supersized Fortescue dividend
• Fortescue share price rises on huge 41% profit growth in FY24 half-year result
• 3 ASX 100 and ASX 200 shares I’d buy now for a $1,820 passive income in 2024!

Motley Fool contributor Tristan Harrison has positions in Fortescue. 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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Starting from just a modest amount, anyone can build an ASX stock portfolio to fatten up for a significant flow of passive income later.

Just $20,000, which is about half the savings that the average Australian has in their bank account, can get you started.

I reckon, eventually, you could sit back and watch an average of $25,000 every year land in your bank account.

It’s all possible using the power of compounding.

Check this out:

Invest and keep adding to it

Let’s hypothetically assume you can build a portfolio with that $20,000 that can, over the long term, average a compound annual growth rate (CAGR) of 12%.

I contend that this is reasonable, with diligent research and stock selection.

Quality businesses like Johns Lyng Group Ltd (ASX: JLG) and Lovisa Holdings Ltd (ASX: LOV) have managed to return 40.6% and 23.3% per annum over the past five years.

So with a mixture of those sorts of winners, some neutrals and the inevitable losers, there’s no reason why your $20,000 can’t grow at 12% a year.

Just practice sensible diversification, and act on sensible advice.

But it’s not just about investing and then forgetting about it.

Big rewards only come with hard work, and you need to keep saving and adding to this investment.

Assuming that you can afford to add $400 a month, after 12 years of monthly compounding, the nest egg will have grown to $211,436.

Passive income after 12 years of 12%

Now let’s have some fun.

From the 13th year, sell off the 12% gains each year.

That will provide you with an annual passive income of $25,372.

Mission accomplished.

Of course, the share market can be volatile so you won’t receive this much every single year. 

In some years, the passive income will be far less. In others, it will be much more.

But if you maintain a portfolio with a 12% CAGR, over the long run the cash flow will average out to $25,372.

The moral of the story is that regardless of how much you can afford to put in, start investing.

You can’t buy time, but it’s such an important ingredient.

The post I’d aim to turn a $20,000 savings account into $25,400 of passive income appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Here’s how these 3 ASX 200 shares just earned substantial broker upgrades
• A once-in-a-decade chance to get rich from ASX 200 shares?
• Here are the top 10 ASX 200 shares today
• Why Bega Cheese, Domino’s, Lovisa, and Universal Store shares are rocketing today

Motley Fool contributor Tony Yoo has positions in Johns Lyng Group and Lovisa. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Johns Lyng Group and Lovisa. The Motley Fool Australia has recommended Johns Lyng Group and Lovisa. 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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Investing for the long-term makes a lot of sense to me, so I’m going to talk about three ASX shares that I think are buys and that I could own for the rest of my life.

If we own an ASX share forever, it would reduce brokerage costs and it might reduce how much capital gains tax we’re required to pay along the way compared to if we had regularly sold those holdings for a gain.

Holding for the long term also means we’re giving compounding the longest time to work its magic.

With that in mind, these are the three ASX shares I’d choose.

Telstra Group Ltd (ASX: TLS)

Telstra seems to be the clear leader in the telecommunications sector, and it’s adding many more thousands of subscribers every reporting period. Not only that, but mobile price increases are also leading to a growing average revenue per user (ARPU), which is offsetting Telstra’s cost increases.

An internet connection seems to be becoming more important as the years go by. It’s being used more for e-commerce, connecting with government services, banking, work, education, entertainment and so on.

I don’t think the internet is going away – I’d suggest most households and businesses see the internet bill as an essential one to pay for beyond the foreseeable future.

I’m more confident about Telstra’s ultra-long-term outlook than the shorter-term because of the chance that 5G (or 6G) could be faster and better than what the NBN can provide. That could mean that households and businesses switch en masse to wireless internet, which may enable Telstra to capture much more of the broadband profit margin (rather than paying a lot to the NBN).

The ASX share seems committed to paying appealing dividends each year, which is promising for shareholders wanting cash flow.  

Rural Funds Group (ASX: RFF)

Rural Funds is a real estate investment trust (REIT) that owns farmland across Australia, in a number of sectors including cattle, vineyards, almonds, macadamias and cropping.

The business is achieving rental growth in a few different ways. Most of its tenancy contracts have rental income growth built-in, either with fixed increases or CPI-linked inflation increases, with some having occasional market reviews.

The ASX share is regularly investing in improvements at its farms, such as increased water access, better infrastructure or altering the farm type to a profitable choice, such as macadamias.

Farmland has been a useful asset for thousands of years. I think that’s going to continue for decades or even centuries.

As long as management makes sure the portfolio is focused on the right commodities and ensures it doesn’t take on too much debt, I think this could be a very long-term investment.

It’s currently paying an annualised distribution of 11.73 cents per unit, which is a forward yield of 5.3%.

Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)

This ASX share is the one that I’d feel most confident about holding for the ultra-long term.

It operates as an investment house, meaning it invests in other assets on behalf of shareholders.

This company has already been operating for over 120 years, so it has proven it has longevity.

It is invested in a number of sectors including resources, building products, property, agriculture, financial services, credit/bonds, electrical parts and many more.

The investment flexibility allows it to find opportunities across various sectors and business sizes. One of the most attractive features of the business is that it can invest in both public and private businesses.

I think its portfolio can still be performing well for many years from now, and paying dividends. It has grown its dividend every year since 2000 and paid a dividend each year since 1903.

This ASX share may well be my biggest position 10 years from now, 20 years from now and 30 years from now. I like that its portfolio is positioned to deliver both capital growth and dividend growth.

The post 3 ASX shares to buy and hold forever appeared first on The Motley Fool Australia.

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More reading

• 25 ASX 200 shares with ex-dividend dates next week
• A once-in-a-decade chance to get rich from ASX 200 shares?
• Buy these ASX 200 dividend shares for a big income boost
• How I built $5,000 of passive income starting with $0
• Buy Telstra and these ASX 200 dividend stocks

Motley Fool contributor Tristan Harrison has positions in Rural Funds Group and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Rural Funds Group, Telstra Group, and Washington H. Soul Pattinson and Company 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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Tech shares led the ASX 200 market sectors for the second consecutive week, with a 3.29% gain over the past five trading days. This comes on top of last week’s 6.2% rise, so tech investors must be cheering!

The S&P/ASX 200 Index (ASX: XJO) lost 0.28% over the week to finish at 7,643.6 points on Friday.

Seven market sectors finished the week in the green.

Let’s review.

Tech shares led the ASX sectors again this week

It’s hard to look past Nividia Corp as the catalyst for another great week for ASX tech stocks.

We first learned of Nvidia’s “insane result“‘ for 4Q FY23 early yesterday morning. After that, the S&P/ASX 200 Information Technology Index (ASX: XIJ) began a steady rise, gaining 2.04% of this week’s 3.29% lift.

Overnight, the Nvidia share price launched 16.4% higher to a record US$785.38 (and plenty of analysts say it can go much higher over the next year, with the most bullish predicting US$1,400 per share).

Nvidia’s 16.4% gain contributed to a 2.94% surge in the NASDAQ, which dragged many other popular US tech stocks higher, including Meta Platforms 3.87%, Amazon 3.55%, and Apple 1.12%.

As usual, our tech sector followed Wall Street today and soared on the exciting momentum.

The biggest of our tech stocks, Wisetech Global Ltd (ASX: WTC) had a ripper week with its share price up 10.38% to $87.95. This follows the release of the company’s 1H FY24 results on Wednesday.

Wisetech announced revenue of $500 million, which was 32% higher than 1H FY23. EBITDA leapt 23% to $230 million and underlying net profit after tax (NPAT) was $128 million, up 5%.

For the 15th time in a row, Wisetech raised its dividend. It declared a fully franked interim dividend of 7.7 cents per share, up 17%.

Among the other big ASX 200 tech stocks this week:

• The Xero Limited (ASX: XRO) share price gained 2.79% to finish at $119.91 on Friday
• Nextdc Ltd (ASX: NXT) shares lifted 1.47% to $15.17
• The Altium Limited (ASX: ALU) share price fell 0.62% to $65.60.

ASX 200 market sector snapshot

Here’s how the 11 market sectors stacked up this week, according to CommSec data.

Over the past five days:

S&P/ASX 200 market sector	Change this week
Information Technology (ASX: XIJ)	3.29%
Utilities (ASX: XUJ)	1.86%
Consumer Discretionary (ASX: XDJ)	1.17%
Financials (ASX: XFJ)	0.94%
Industrials (ASX: XNJ)	0.71%
Communication (ASX: XTJ)	0.61%
Healthcare (ASX: XHJ)	0.23%
Energy (ASX: XEJ)	(1.34%)
Materials (ASX: XMJ)	(1.7%)
A-REIT (ASX: XPJ)	(2.44%)
Consumer Staples (ASX: XSJ)	(3.41%)

The post Here’s how the ASX 200 market sectors stacked up this week appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• The Brainchip share price is up 213% this month. Is Nvidia to blame?
• 25 ASX 200 shares with ex-dividend dates next week
• Is the Nvidia share price on course to reach US$1,400?
• Why are ASX tech shares booming on Friday?

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Motley Fool contributor Bronwyn Allen 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 Altium, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, WiseTech Global, and Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool Australia has positions in and has recommended WiseTech Global and Xero. The Motley Fool Australia has recommended Amazon, Apple, Meta Platforms, and Nvidia. 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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