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If you’re wanting to give your portfolio a boost in 2024, then it could be worth looking at the ASX 200 shares listed below.

These have been named as buys by analysts and tipped to rise materially from current levels. Here’s what you need to know about them:

Domino’s Pizza Enterprises Ltd (ASX: DMP)

The team at Citi thinks the pizza chain operator’s beaten down shares could be a great option for investors.

Its analysts have a buy rating and $61.10 price target on the ASX 200 share.

If Domino’s shares were to rise to that level, then it would mean a whopping 50% return for investors before dividend.

Speaking of which, the broker expects a 99 cents per share partially franked dividend in FY 2024. This represents a 2.4% dividend yield.

Gold Road Resources Ltd (ASX: GOR)

If you’re looking for exposure to gold, then you may want to check out this ASX 200 gold share.

That’s because Goldman Sachs believes its shares can rise materially from current levels.

The broker has a buy rating and $1.95 price target on its shares, which implies potential upside of 29% for investors over the next 12 months.

Goldman notes that “with GOR the only name in our coverage without significant upcoming growth capex spend/lower capex risk, we reiterate our Buy rating.”

Pilbara Minerals Ltd (ASX: PLS)

Morgans believes that weakness in the lithium industry has created a buying opportunity for investors.

Last week, the broker retained its buy rating on the ASX 200 lithium miner’s shares with a new reduced price target of $4.60.

Despite this valuation reduction, the broker’s price target still implies potential upside of approximately 30% for investors in 2024.

The post These ASX 200 shares could rise 30% to 50% appeared first on The Motley Fool Australia.

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More reading

• Top brokers name 3 ASX shares to buy next week
• BHP stock and more: 3 ASX commodity titans to watch in 2024
• Where will the bottom be for the scorched lithium price?
• As the Domino’s share price continues to struggle, is it a no-brainer buy?
• Top ASX shares to buy in February 2024

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has positions in Domino’s Pizza Enterprises. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Domino’s Pizza Enterprises and Goldman Sachs Group. The Motley Fool Australia has recommended Domino’s Pizza Enterprises. 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 an income investor on the lookout for some new additions to your portfolio, then read on.

That’s because listed below are three ASX dividend shares that brokers have recently been named as buys.

Here’s what sort of dividend yields you can expect from them:

Accent Group Ltd (ASX: AX1)

Analysts at Bell Potter think that the owner of The Athlete’s Foot, Stylerunner, and HYPEDC could be an ASX dividend share to buy.

The broker currently has a buy rating and $2.50 price target on its shares.

As for income, it is forecasting fully franked dividends per share of 12 cents in FY 2024 and then 14.1 cents in FY 2025. Based on the current Accents share price of $2.09, this represents dividend yields of 5.75% and 6.7%, respectively.

Endeavour Group Ltd (ASX: EDV)

Another ASX dividend share that brokers rate as a buy is BWS and Dan Murphy’s owner Endeavour.

Goldman Sachs is fan of the company and feels its valuation is attractive given its “clear market leading position.” It has a buy rating and $6.40 price target on the company’s shares.

In respect to dividends, the broker is forecasting fully franked dividends of approximately 21 cents per share in FY 2024 and 23 cents per share in FY 2025. Based on the current Endeavour share price of $5.74, this will mean yields of 3.7% and 4%, respectively.

Healthco Healthcare and Wellness REIT (ASX: HCW)

Finally, brokers are saying that Healthco Healthcare and Wellness REIT is an ASX dividend share to buy.

It is a leading health and wellness-focused real estate investment trust that owns a high quality, portfolio of assets such as hospitals, aged care facilities, and primary care properties.

Morgans is bullish and has an add rating and $1.67 price target on its shares.

As for income, it is expecting the company to pay dividends per share of 8 cents in both FY 2024 and FY 2025. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.37, this will mean yields of 5.8% in both years.

The post Brokers say these ASX dividend shares are buys next week appeared first on The Motley Fool Australia.

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More reading

• The ASX dividend dream: 18% returns to fuel your income goals
• Top ASX dividend shares to buy in February 2024
• Morgans says these ASX dividend shares are buys this month
• ASX domination: The 5.5% dividend stock to watch
• Top ASX shares to buy in February 2024

Motley Fool contributor James Mickleboro has positions in Endeavour Group. 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 recommended Accent Group. 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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An old investment axiom is that higher the returns, the higher the risk.

And that is largely true.

But there is one neat trick that investors can pull to push up their returns without absorbing additional risk.

How? 

Betashares director Patrick Poke spilled the secret on a blog post:

Efficiency = higher returns

Poke describes the trick as “efficiency”.

“This means reducing fees and costs. By reducing costs, investors can improve their net returns, without needing to take on additional risk,” he said.

“These can be fixed fees like account keeping fees and brokerage fees, or they can be asset-based fees, charged as a percentage of your investment, such as management costs.”

There are also the less obvious expenses.

“One often overlooked cost is called ‘cash drag’. This is the cost of leaving parts of your money uninvested – i.e. sitting in cash.

“Depending on where those funds are sitting, you could be earning zero interest, a low interest rate, or a savings account interest rate.”

This isn’t money that you’re saving for some tangible purpose, such as to cover living expenses, reduce volatility, or to use to buy bargain shares.

“Cash drag occurs when you have money that you intend to invest but haven’t made those investments yet.”

Fees and cash drag — some investors might say they make negligible difference.

But just like how the magic of compounding turbocharges your investments over the long term, these costs add up and multiply over time.

Surely the investment returns couldn’t be that much higher?

Let’s take management fees in exchange-traded funds (ETFs) as an example.

If you have two funds with similar risk and performance, but one charges 1% per annum while the other levies a 0.04% annual fee, the end difference can be astounding.

Poke compared the results after 40 years of investing.

“Assuming the return is the same for both funds, the investor paying the higher fee ends up with $1,526,020, while the investor paying the lower fee ends up with $1,970,010,” he said.

“That’s $443,990, or 29% more!”

And check out the effect of cash drag. 

Poke looked at what happens when an investor adds $1,000 each month to the portfolio compared to if they saved up that cash to invest it all at the end of each year.

“The annual investor ends up with $1,838,577 at the end of year 40, while the monthly investor ends up with $1,970,010.

“Investing monthly resulted in a balance that was $131,433, or 7.1% higher.”

So the moral of the story is that a few dollars at the time of transaction may not seem like much, but they can have a significant impact on the performance of your portfolio.

“They can really add up over a long period. And when you account for the compounding of returns, the difference can be significant.”

The post How to easily boost your investment returns without increasing risk appeared first on The Motley Fool Australia.

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More reading

• 3 reasons why I think the Brickworks share price is a buy
• Buy these ASX growth shares for market-beating returns
• These ASX income ETFs could be top buys
• 3 investment megatrends of 2024 and the ASX ETFs offering a way in
• Here’s why I’d snap up this 13% yielding ASX 200 dividend stock in a heartbeat!

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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There are several reasons why I find the Brickworks Limited (ASX: BKW) share price particularly attractive right now.

Brickworks shares have climbed more than 10% in two months. While I’d prefer to have bought them at the price they were trading at two months ago, I believe it’s still worth buying great stocks after a rise because they can keep delivering value.

The Brickworks share price has hit 52-week highs plenty of times since 2000, as we can see on the chart below. At each of those previous 52-week highs, it would have been a mistake to think the share price was too expensive to reach even greater heights.

From everything I’ve seen, many of the well-established companies keep winning, just like how a great athlete keeps doing well until they get too old.

Brickworks is many decades old, but I’d suggest that’s a positive – its longevity is a sign of stability. There are (at least) three more reasons why it could still be a great buy.

Building product demand to rebound?

Brickworks is one of the largest building products companies in Australia. It’s the country’s biggest brickmaker but is also involved in other businesses. These include Austral Masonry, Bristle Roofing, Southern Cross Cement, Capital Battens and Terracade.

New home building has reportedly fallen to a decade low, according to reporting by the Australian Financial Review. That’s not exactly a positive for Brickworks.

But, with Australia’s ongoing population growth, I think there’s underlying future demand for building products in the future.

When interest rates start being reduced in Australia, this could accelerate demand for building products with a recovery of construction and renovation activity.

I fully expect Brickworks’ building product earnings to be cyclical, and sometimes there will be pain. But, it could be useful to look at Brickworks shares as a possible opportunity during times of demand weakness, such as now.

Ongoing success with its industrial properties

Brickworks has a large and growing joint venture that builds advanced industrial properties on land that was surplus to Brickworks’ manufacturing requirements.

By unlocking the value of that land, Brickworks gets a cash injection which it can use to pay down debt or for another purpose. The industrial properties create a pleasing net rental profit, and it also leads to a development profit after the completion of building.

The joint venture is seeing “strong lease enquiry for large-sized industrial facilities”. I think this bodes well for the foreseeable future.

High interest rates are hurting the valuation of these assets in the short term, but the rate cuts could help in the future and make them even more valuable than they already are.

The growing net rental profit is helping fund larger dividends over time for owners of Brickworks shares.

Excellent investment

The other key thing to know about Brickworks is that it owns a significant number of shares in Washington H. Soul Pattinson and Co. Ltd (ASX: SOL).

Soul Patts is a large investment business that invests in many varied sectors including telecommunications, resources, financial services, property, credit/bonds, swimming schools, agriculture and so on.

Soul Patts also owns a significant number of Brickworks shares. This has been a beneficial cross-holding that has lasted for decades and could continue for a long time.

Soul Patts’ returns have given Brickworks growing dividends and capital growth. The stability of that business helps offset the cyclical nature of the building products profit.

The post 3 reasons why I think the Brickworks share price is a buy appeared first on The Motley Fool Australia.

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More reading

• 2 excellent ASX dividend shares I’d buy with $3,000
• Are Brickworks or Soul Patts shares a better ASX buy? Here’s my take
• Own Brickworks shares? Here’s how much you’ve been paid in dividends since COVID-19!
• Where I’d invest $3,000 into ASX dividend shares in January

Motley Fool contributor Tristan Harrison has positions in Brickworks 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 Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Brickworks 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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The share market historically has generated a return of approximately 10% per annum.

But you may not have to settle for that.

For example, analysts think the ASX growth shares listed below can deliver significantly stronger than average returns over the next 12 months.

Here’s what they are saying about them:

Cettire Ltd (ASX: CTT)

This online luxury retailer could be an ASX growth share to buy according to analysts at Bell Potter.

The broker believes Cettire could be a top option due to its strong long term growth outlook in a huge market. The broker explains:

Cettire has a rapidly growing global online luxury personal goods retailing platform in a large market with a structural shift to online well underway. We believe CTT will continue to outperform its peer group consisting of global luxury retailers and local e-commerce players given its <1% market share in a growing market, which could remain more resilient than other discretionary categories in a likely recessionary environment.

Bell Potter currently has a buy rating and $4.00 price target on its shares.

Lovisa Holdings Ltd (ASX: LOV)

Another ASX growth share that analysts are bullish on is Lovisa.

Morgans is a fan of the growing fashion jewellery retailer. This is because it believes Lovisa is well-positioned to continue its strong growth over the long term thanks to the popularity of its offering and its large global expansion opportunity. It said:

LOV grew substantially in FY23 to finish the year with an 801-store network in 39 countries. We believe it plans to enter mainland China in FY24, paving the way for significant longer-term growth. We have increased our finance cost estimates in FY24 and FY25, leading to 7% and 3% lower forecast NPAT. We have increased our long-run earnings estimates.

The broker has an add rating and $27.50 price target on its shares.

The post Buy these ASX growth shares for market-beating returns appeared first on The Motley Fool Australia.

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More reading

• Why Lovisa could become one of the top ASX 200 shares for dividend income
• The ultimate ASX growth shares I’d buy with $7,000 right now
• Buy and hold these ASX dividend stocks for a decade
• ASX passive income seekers: Invest $10,000 for $520 in monthly income
• Buying ASX retail shares? You’ll want to see these numbers

Motley Fool contributor James Mickleboro has positions in Lovisa. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Lovisa. The Motley Fool Australia has recommended Cettire 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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If you’re not a fan of stock picking, then exchange-traded funds (ETFs) could be the answer.

That’s because they provide investors with access to large numbers of ASX shares through a single click of the button. This means that you can diversify a portfolio almost instantly.

The good news for income investors is that there are plenty of options for them out there.

For example, two ASX ETFs that offer a source of income and could be worth considering are listed below. Here’s what you need to know about them:

Vanguard Australian Shares Index ETF (ASX: VAS)

The first ASX ETF for income investors to consider buying is the Vanguard Australian Shares Index ETF.

This is a low-cost, diversified, index-based exchange-traded fund that aims to track the ASX 300 index.

This index is home to Australia’s leading 300 listed companies. This includes shares such as BHP Group Ltd (ASX: BHP), Macquarie Group Ltd (ASX: MQG), Newmont Corporation (ASX: NEM), and TPG Telecom Ltd (ASX: TPG).

And while not all members of the index pay dividends, the ETF still trades with an attractive dividend yield of 3.8%.

Vanguard Australian Shares High Yield ETF (ASX: VHY)

Another ASX ETF for income investors to look at buying is the Vanguard Australian Shares High Yield ETF.

This popular ETF gives investors low-cost exposure to a group of 70+ ASX shares that are forecast to have bigger dividend yields compared to the market average.

This includes all the big names such as companies like BHP and Commonwealth Bank of Australia (ASX: CBA), as well as smaller names like Dicker Data Ltd (ASX: DDR) and Lottery Corporation Ltd (ASX: TLC).

Importantly, Vanguard limits how much it invests in any particular industry or company to ensure that you’re holding a truly diverse group of shares.

The Vanguard Australian Shares High Yield ETF currently trades with a dividend yield of 5.1%.

The post These ASX income ETFs could be top buys appeared first on The Motley Fool Australia.

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More reading

• Why I’m buying Soul Patts shares over the Vanguard Australian Shares Index ETF (VAS)
• Buy these fantastic ASX ETFs for passive income and growth
• How do the Vanguard Australian Shares Index ETF (VAS) fees compare to other ASX ETFs?
• In a record year for ETFs growth, this ASX crypto fund returned 215%
• How much does Vanguard Australian Shares Index ETF (VAS) pay in dividends?

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 Dicker Data, Lottery, and Macquarie Group. The Motley Fool Australia has positions in and has recommended Dicker Data and Macquarie Group. The Motley Fool Australia has recommended Tpg Telecom and Vanguard Australian Shares High Yield 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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ASX exchange-traded fund (ETF) provider Global X has named the three investment “megatrends” that it expects to play out in 2024.

They are artificial intelligence (AI), uranium shares, and emerging markets.

In an article published on Friday, Marc Jocum from Global X said thematic ETFs provided a great way to invest in megatrends with less risk.

He commented:

Predicting what will happen in the short-term is challenging given the constantly evolving market environment.

However, if investors extend their time horizons to multiple years, they can be prepared for a future marked by long-term structural shifts known as “megatrends”. 

Jocum said megatrend investing was all about long-term thematics. He said the idea was to invest in powerful, potentially transformative global trends that are set to play out over years and decades.

ASX ETFs and the 3 investment megatrends of 2024

Artificial intelligence

Jocum said ChatGPT was a catalyst for investor interest in AI in 2023, but it had only scratched the surface.

He commented:

AI is at a crucial juncture in its adoption cycle … Global X believes sales growth across the AI category can potentially exceed 50% in the year ahead, well above the 5% sales growth expected in the broader share market.

The addressable market for AI services, including the full ecosystem of hardware, software, and data, is set to expand in the coming years, estimated to grow by double digits to $1.6 trillion by 2028. 

Jocum said identifying individual stocks set to benefit from the AI trend was difficult. He said some companies may not be able to leverage AI capabilities without undermining traditional revenue streams. 

For diverse exposure to this megatrend, investors may consider exploring exchange traded funds (ETFs) that track a basket of artificial intelligence benefactors, semiconductor companies or technology stalwarts.

ASX ETFs offering exposure to the AI megatrend include:

ASX ETF	Share price	Growth over 12 months
Global X Robo Global Robotics & Automation ETF (ASX: ROBO)	$74.10	8.5%
Betashares Global Robotics and Artificial Intelligence ETF (ASX: RBTZ)	$13.41	26.5

Uranium and ASX ETFs

Jocum explained that nuclear energy had become a key element in the world’s green energy transition.

He said:

At the 2023 United Nations Climate Change Conference (known as COP28), a declaration was signed among 22 countries to triple nuclear energy capacity globally by 2050.

It also invited international financial institutions (such as the World Bank) to encourage the inclusion of nuclear energy in lending policies.

The uranium price has skyrocketed by 112% over the past 12 months to US$106 per pound on Friday.

Many countries are building nuclear reactors to supplement their domestic energy supply.

Miners are firing up uranium assets that were previously on care and maintenance for years.

Jocum said:

An important distinguishment between a ‘fad’ and a long-term structural theme is whether there are strong governmental or institutional initiatives. 

Considering climate change is at the front of minds for global nations, combined with favourable momentum in public and private markets, the uranium industry is positioned to grow …

He said Australia has lots of uranium but only delivered 8% of global production. This is because mining is banned in most states.

He commented:

Investors wanting to get exposure to the uranium decarbonisation theme should expand their investment universe to consider global players …

As uranium lacks a liquid spot market like gold and copper, investors could consider investing in an ETF tracking a broad range of global companies involved in uranium mining and the production of nuclear components.

ETFs offering exposure to the uranium megatrend include:

ASX ETF	Share price	Growth over 12 months
Global X Uranium ETF (ASX: ATOM)	$17.14	57.8%
Betashares Global Uranium ETF (ASX: URNM)	$11.03	73.7%

Emerging markets

Jocum said China’s economic weakening in 2023 had led to a changing of the guard in emerging markets:

… investors are looking past China, with eyes locked on India as the bright star of emerging markets.

In Global X’s opinion, India has emerged as one of the better structural opportunities backed by significant economic, social and political drivers. This changing of the guard in the emerging market leader is a monumental shift in the investment landscape. 

Jocum said that 10 years ago, India accounted for just over 5% of the emerging markets sector. That has now tripled to 16%. By contrast, China’s market share has contracted by a third since the pandemic.

Jocum said global companies like Apple Inc (NASDAQ: AAPL) were diversifying their supply chains from China to India. This could lead to further infrastructure development and economic growth.

Traditionally, Australian investors looking for exposure to India had to invest through instruments like mutual funds as many brokers cannot access Indian equities.

However, with the average Indian mutual fund charging 1.2% in fees and the fact that most active funds underperform the market over the long-term, investors can look to pay a fraction of the cost and get exposure to an Indian share market index like the NIFTY 50.

ETFs offering exposure to the emerging markets megatrend include:

ASX ETF	Share price	Growth over 12 months
Vaneck MSCI Multifactor Emerging Markets Equity ETF (ASX: EMKT)	$22.51	16.6%
iShares MSCI Emerging Markets ETF (ASX: IEM)	$59.12	1.5%
Vanguard FTSE Emerging Markets Shares ETF (ASX: VGE)	$67.13	1.85%

The post 3 investment megatrends of 2024 and the ASX ETFs offering a way in appeared first on The Motley Fool Australia.

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More reading

• ASX investors: Where I’d invest $7,000 in 2024
• Up 100%: Are ASX uranium ETFs worth a look today?
• The shocking admission catapulting ASX uranium shares to record highs today
• ASX uranium shares crack new highs AGAIN as spot price flies past US$100 per pound
• 2 ASX ETFs to buy for exposure to the decarbonisation megatrend

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 Apple. The Motley Fool Australia has recommended Apple and Betashares Global Uranium 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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Only a handful of S&P/ASX 200 Index (ASX: XJO) dividend stocks offer yields north of 10%.

And when you get into the lofty 13% range, those numbers dwindle even further.

Now, I wouldn’t snap up just any high-yielding ASX 200 dividend stock to build up my passive income stream.

First, I want to feel comfortable that the company is going to continue paying market-beating yields in the year ahead.

I’d also strongly preference companies paying fully franked dividends. That way, I should be able to hold onto more of that passive income at tax time.

With that said, we turn to coal share New Hope Corp Ltd (ASX: NHC).

Why I’d snap up New Hope shares for passive income

On the back of elevated coal prices, New Hope has been a leading yielder among ASX 200 dividend stocks in both 2022 and 2023.

Despite coal prices and New Hope’s dividends coming down in 2023, the miner still paid a fully franked interim dividend of 40 cents per share on 3 May. New Hope paid eligible investors the final dividend of 30 cents per share on 7 November. That equates to a full-year payout of 70 cents per share.

New Hope’s recent share price of $5.33 sees this ASX 200 dividend stock trading at a fully franked yield of 13.1%.

Can the ASX 200 dividend stock maintain this high yield?

The 13.1% yield we calculated above, and the dividend yields you generally see quoted, are trailing yields. Future yields may be higher or lower, depending on a range of company-specific and macroeconomic factors.

For New Hope, the coal price is obviously key. But with thermal coal prices already down some 50% over the past year, I believe 2024 should see prices stabilise or even tick up from here.

And if the New Hope share price rises over the coming months, its trailing yield will fall. However, the realised yield for investors who buy in at today’s prices won’t be impacted.

As for why I remain optimistic about the outlook for passive income for this ASX 200 dividend stock, we turn to the miner’s most recent quarterly update, which covered the three months to 31 October.

Over the quarter New Hope produced two million tonnes of saleable coal. That was up 1% from the prior quarter, and it puts the company on track to meet its FY 2024 guidance.

Impacted by the slumping coal price, New Hope’s underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) dropped 8.5% quarter on quarter to $245 million.

But the company’s balance sheet remains very strong.

New Hope reported closing cash and cash equivalents of $812 million. That was before paying out the final dividends.

And the ASX 200 dividend stock is getting a boost from higher interest rates. New Hope said it was “now earning material net interest income on its positive cash balances”.

That leaves the miner well-funded to finance a range of maintenance and infrastructure projects to support its future planned production ramp-up.

The post Here’s why I’d snap up this 13% yielding ASX 200 dividend stock in a heartbeat! appeared first on The Motley Fool Australia.

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More reading

• 6 ASX 200 stocks trading on attractive P/E ratios right now

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 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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There’s nothing better for income investors than owning some ASX dividend shares that pay you a great yield and offer major capital gain potential.

But which ASX dividend shares offer this winning combination today?

Well, three shares that analysts are tipping as buys with big total returns are listed below. Here’s what they are expecting from them:

Accent Group Ltd (ASX: AX1)

Bell Potter thinks investors should be buying this footwear focused retailer’s shares.

It currently has a buy rating and $2.35 price target on them. This implies potential upside of 12.5% for investors over the next 12 months.

In addition, the broker is forecasting an 11.1 cents per share dividend in FY 2024. This equates to a yield of 5.3%, which boosts the total potential return to approximately 18%.

QBE Insurance Group Ltd (ASX: QBE)

Analysts at Goldman Sachs believe that this insurance giant’s shares could offer big returns over the next 12 months. This is thanks to favourable tailwinds and strong premium increases in the insurance market.

Goldman has a buy rating and $18.52 price target on the ASX dividend share, which suggests potential upside of 14.5%.

And with Goldman forecasting a 59 US cents per share dividend in FY 2024, which equates to a 5.5% yield, the total potential return increases to 20%.

Stockland Corporation Ltd (ASX: SGP)

Finally, Citi sees the potential for big returns from the shares of this residential and land lease developer and retail, logistics and office real estate property manager.

It has a buy rating and $5.10 price target on the ASX dividend share, which implies 12% upside from current levels.

In addition, the broker expects a 27 cents per share dividend in FY 2024. This represents a ~6% dividend yield, lifting the total potential return to 18%.

The post The ASX dividend dream: 18% returns to fuel your income goals appeared first on The Motley Fool Australia.

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More reading

• Here’s how the ASX 200 market sectors stacked up this week
• Why Goldman Sachs thinks QBE shares are a top buy
• Why Credit Corp, Playside, QBE, and Skycity shares are pushing higher today
• ASX domination: The 5.5% dividend stock to watch
• Top ASX shares to buy in February 2024

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 recommended Accent Group. 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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I think that buy-and-hold investing is the best way to grow your wealth in the share market.

I’m not alone. Legendary investor Warren Buffett once quipped that his “favourite holding period is forever”.

And you only need to look at the Oracle of Omaha’s success over multiple decades to see how effective the strategy can be.

But not all shares will necessarily make great buy-and-hold investments. So, let’s take a look at three roaring ASX shares that I would happily hold for the next 20 years.

Buy and hold these ASX shares

The first ASX share that I would buy and hold is the family safety app company Life360 Inc (ASX: 360).

Goldman Sachs analysts estimate that the company is “exposed to a US$12bn global TAM with a large opportunity to expand its product suite, grow average revenue per paying circle (ARPPC), increase payer conversion, and lift penetration rates outside of the US.”

This gives Life360 a huge runway for growth over the next couple of decades.

Another ASX share that I would buy for the long term is Nextdc Ltd (ASX: NXT). It is one of the leading data centre operators in the Asia-Pacific region.

With more data going to the cloud, data centre demand is expected to increase materially over the next decade. This should also be boosted further by the rise of generative artificial intelligence (AI) services like ChatGPT.

Goldman Sachs highlights that the “DC industry will benefit from a ‘third wave of demand’ with generative AI requiring 5-10x more compute vs. traditional search.”

This bodes well for NextDC’s earnings growth over the next couple of decades, in my opinion.

Finally, I believe Xero Ltd (ASX: XRO) could be another ASX share to buy and hold for the long term.

This is because the cloud accounting platform provider has a massive global market opportunity and a product that is regarded as the best in its class by many.

Goldman Sachs estimates that Xero’s addressable market comprises more than 100 million small to medium-sized businesses worldwide, or NZ$76 billion in value. This compares to its current subscriber base of approximately 4 million.

The post 3 roaring ASX shares I’d hold for the next 20 years appeared first on The Motley Fool Australia.

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More reading

• 2 top ASX growth shares to buy right now and hold for the long term
• This rapidly growing ASX 200 tech stock’s “valuation is compelling”
• 5 things to watch on the ASX 200 on Thursday
• These ASX 200 blue chip shares can rise 30% to ~50%
• Here are the top 10 ASX 200 shares today

Motley Fool contributor James Mickleboro has positions in Life360, Nextdc, and Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group, Life360, and Xero. The Motley Fool Australia has positions in and has recommended Xero. 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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