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Everyone, or at least everyone reading The Motley Fool, wants to achieve financial freedom.

But investing isn’t easy. Otherwise everyone would be rich!

Although the biggest headlines are for stories of people who strike gold overnight, the reality is that most of the truly wealthy built up their assets over a long period of time.

So how does one do this?

Don’t try to time the market

Timing the market is fraught with danger because no one knows what will happen later today, let alone tomorrow, next week, or next year.

If you sell too many shares then you risk holding useless cash when the market recovers from a dip. That’s when the most money is made.

A remarkable table from Betashares earlier this year showed how the 20 biggest single-day rallies on the ASX since 1 June 1992 all occurred in the aftermath of horrible market crashes.

“The more of those big rallies that you miss out on, the lower your gains over the long term,” said Betashares executive Annabelle Dickson.

“An overwhelming body of research finds that [a] passive buy-and-hold, long-term approach to owning shares produces better long-term results.”

Pick quality, rather than risky stocks

We’ve all heard the stories at the BBQ about acquaintances that watched their stock become a 10-bagger over just two years.

That’s fantastic, but ASX shares that do that are usually risky propositions before they have grown 10-fold. 

For every one of those that returned 1,000%, there will be a whole bunch of similar ones that burned a hole in their investors’ pockets.

Becoming wealthy slowly involves buying stocks that might not explode or crash like that but will more reliably produce smaller annual returns.

Those stocks more often represent larger, more mature companies that already have a decent customer base.

And over time, a string of years with positive returns will see your asset grow handsomely.

Save and invest often

Adding to the portfolio, unsurprisingly, is an excellent way of building wealth in the long run.

There are two ways of achieving this: saving a portion of your regular income to put towards investing, and ploughing any dividends back into shares.

Earlier this year, stock expert Brian Feroldi revealed how an investor’s saving rate is far more important than a high income or investment returns.

Sure, having a high income makes it easier to put some aside for investing, but it in itself doesn’t make you wealthy.

“Just ask some of the highly-paid celebrities and athletes who [end] up filing for bankruptcy protection — Mike Tyson, Nicholas Cage, Lindsay Lohan,” he said.

High investment returns are also lovely. But if you haven’t saved enough to invest then you won’t be able to get any returns — let alone big ones.

“This is why your savings rate is so important. It’s the small input that can [reliably] predict your ability to become wealthy.”

The post Get rich slowly! The 3 keys to building wealth with ASX shares appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Wednesday
• Here are the top 10 ASX 200 shares today
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• ASX 200 plunges as RBA surprises investors with another interest rate boost
• Qantas share price falls on CEO succession news

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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The world is a scary place at the moment.

The Reserve Bank of Australia this week raised interest rates yet again, adding tens of thousands of dollars to the annual burden for home loan holders.

Inflation continues to rage, taking the cost of living through the roof.

The war in Ukraine continues, causing bottlenecks in the energy market.

Who knows if Australia or other developed economies might fall into recession. At the very least, consumers and businesses will suffer greatly.

Is this all too much?

In times like these, it could be worth your sanity to buy some “safe” ASX dividend stocks so that you can switch off the news.

So what are the ASX shares that you could lock away, then come back three years later to see how well they have grown?

Here are two suggestions:

Big but not immobile

Although the mining sector is notoriously cyclical, BHP Group Ltd (ASX: BHP) has managed to smooth out the fluctuations admirably.

Over the past five years, the share price has climbed 38.6%, with it only dipping below the starting point during the COVID-19 crash of March 2020.

This is all while paying out a chunky dividend yield of 8.8%.

The Big Australian has recently shown a willingness to adapt to a changing global environment.

In 2021, it sold off its oil and gas business to Woodside Energy Group Ltd (ASX: WDS). At the same time, BHP flagged its intention to focus on minerals that are critical to the global transition to zero carbon emissions.

This year it completed a takeover of major copper producer Oz Minerals, which will cash in from demand for the mineral in electronics and batteries.

With China ramping up its economy after three years of harsh COVID-19 lockdowns, BHP could continue to enjoy robust demand for its products.

BHP shares closed Tuesday at $43.63 apiece.

Morgans, Goldman Sachs, and Macquarie analysts all have price targets in excess of $50 for the mining giant.

Dividend increased every year for 23 years

Washington H Soul Pattinson and Co Ltd (ASX: SOL), at 2.5%, doesn’t have a stunning dividend yield to speak of.

But its adaptability and track record of increasing dividends makes it an attractive proposition.

In fact, the market has recognised this, with the share price recently hitting 52-week highs.

As an investment company, Soul Pattinson can switch up its investments to whatever looks attractive at any given time. More than once, experts have described the business as Australia’s answer to Warren Buffet’s company Berkshire Hathaway Inc (NYSE: BRK.A).

Impressively, Soul Pattinson has hiked its dividends each year since the year 2000. That’s through the dot-com crash, the global financial crisis, and the COVID-19 pandemic.

Shaw and Partners portfolio manager James Gerrish is one expert who would still buy Soul Pattinson at current levels due to its 37% ownership of New Hope Corporation Limited (ASX: NHC).

“We would be accumulating Soul Pattinson now if we were looking for some additional quasi-coal exposure.”

The post Worried about the market? 2 ASX dividend stocks that could help you sleep at night appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Wednesday
• ASX 200 energy shares to fall after oil prices collapse
• Worried about a recession? Here’s why these investors are backing Warren Buffett
• Dalio says US and China ‘on brink of war’. Which ASX shares could be impacted?
• How I’d invest $1,000 in May to make easy passive income

Motley Fool contributor Tony Yoo has positions in Macquarie 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 Berkshire Hathaway, Goldman Sachs Group, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Macquarie Group and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended Berkshire Hathaway. 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 in ASX shares has been a profitable venture for most investors in 2023.

Since the opening bell on 3 January, the All Ordinaries Index (ASX: XAO) has gained 5%. And that figure doesn’t include any dividend payouts made by many of the larger ASX shares.

That’s certainly a solid return, as we’re only four months into the new year.

But there are a select number of stocks that will have left those 5% gains in the dust in 2023.

Below, we look at five ASX shares that would have more than doubled your money so far this year. All prices are noted as at Tuesday’s close.

ASX share leaps 142% in 2023

First up, we have ASX healthcare share Avita Medical Inc (ASX: AVH) which specialises in regenerative medicine.

The Avita share price closed up another 1.3% yesterday, bringing its year-to-date gains to 141%. At that price, the company has a market capitalisation of $581 million.

Avita shares trended higher right from 3 January. But shares really took off in the days following the release of the company’s fourth quarter and full 2022 calendar year results on 24 February.

Highlights included a 36% year-on-year increase in commercial revenues, which reached $34.1 million in 2022. And the ASX share managed to maintain the 82% gross profit margin it also posted in 2021.

The Avita share price is up 78% since reporting those results.

Gold stock shining brightly

Next up, we have Resolute Mining Ltd (ASX: RSG). The Resolute share price is up 134% in 2023.

The gold miner has been partly supported by a 5% increase in the price of bullion this year.

But the ASX share has widely outperformed its peers due to several other factors.

Among the releases piquing investor interest, the miner reported first five, then six, consecutive quarters of increased gold production in two quarterly updates released this year.

Resolute separately announced that its total ore reserves had increased to 4.6 million ounces of gold while its Mineral Resources increased to 11.2 million ounces of gold.

The sharp rise in its market cap saw Resolute admitted to the S&P/ASX 300 Index (ASX: XKO). That’s also likely to support its share price as more fund managers, limited to investing in larger stocks, will now be able to add the gold stock to their holdings.

Riding high on the travel rebound

The third ASX share that would have doubled your money so far in 2023 is Helloworld Travel Ltd (ASX: HLO).

Despite a sizeable slide on Tuesday, shares in the travel distribution company are up 124% since trading kicked off on 3 January.

The ASX share got a big boost towards the end of February on the back of its half-year results.

Investors bid up the Helloworld share price after the company reported a 209% year-on-year increase in total transaction volume (TTV). TTV for the six months came in at $1.2 billion.

Meanwhile, revenue from continuing operations leapt 151% to $73 million. And the travel stock returned to profit following a sizeable loss in the prior corresponding half year.

That strong performance has continued in 2023.

Last week, the travel company reported another big year-on-year lift in quarterly TTV, up 150% to $596.2 million. Revenue for the quarter increased 240% to $46.9 million.

And investors were obviously pleased when Helloworld lifted its full-year earnings before interest, tax, depreciation, and amortisation (EBITDA) guidance.

ASX share rockets 122% driven by takeover offer

When the closing bell rang on 27 March, the Liontown Resources Ltd (ASX: LTR) share price was up a very respectable 24% for the year.

Then things really took off for the ASX lithium share.

On 28 March, the Liontown share price gained a whopping 69%, with the stock now up 122% in 2023.

Investors snapped up shares in the lithium miner late in March after the company reported it had received a takeover offer from lithium heavyweight Albemarle (NYSE: ALB).

Liontown’s board rejected the $2.50 per share offer noting, “the opportunistic timing of Albemarle’s Indicative Proposal, coinciding with recent softness in companies exposed to the lithium sector and the pre-production status of the Kathleen Valley Project”.

And the board looks like they were onto something.

The ASX lithium stock closed yesterday trading for $2.72 per share.

Leading the charge!

Rounding off the list of ASX shares that could have more than doubled your money already in 2023, we have medical research technology company 4DMedical Ltd (ASX: 4DX).

The healthcare stock closed up another 21.47% yesterday after reporting it has commenced commercial scanning within the Veterans Health Administration in the United States.

Yesterday’s big lift brings the 2023 share price gains for 4DMedical to a stellar 190%. Or enough to turn a $5,000 investment into $14,500. And in just four months.

The other big move higher for the ASX share came on 5 April.

That’s when 4DMedical announced it had signed a five-year contract with the University of Miami in the US to deliver X-ray velocimetry lung ventilation analysis software ventilation reports.

This represents the first US hospital Software as a Service (SaaS) contract for the company.

The ASX share closed up 63% on the day of the announcement.

The post 5 top ASX shares that would have more than doubled your money in 2023 appeared first on The Motley Fool Australia.

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More reading

• Liontown share price climbs on response to takeover rumours
• This ASX gold stock is up a whopping 130% in 2023. Here’s why
• ASX lithium shares: Short-term pain for long-term gain?
• 2 ASX lithium shares this US institutional investor is buying up big (and one it’s selling)
• Making it rain: Could this signal a boom for ASX 200 lithium stocks?

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 Avita Medical and Helloworld Travel. The Motley Fool Australia has positions in and has recommended Helloworld Travel. The Motley Fool Australia has recommended Avita Medical. 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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On Tuesday, the S&P/ASX 200 Index (ASX: XJO) came under pressure after the RBA made a shock rate hike. The benchmark index fell 0.9% to 7,267.4 points.

Will the market be able to bounce back from this on Wednesday? Here are five things to watch:

ASX 200 expected to tumble again

The Australian share market looks set to fall again on Wednesday following a poor night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 44 points or 0.6% lower this morning. On Wall Street, the Dow Jones was down 1.2%, the S&P 500 dropped 1.2% and the Nasdaq fell 1.1%.

Oil prices sink

It could be a very tough session for ASX 200 energy shares such as Beach Energy Ltd (ASX: BPT) and Woodside Energy Group Ltd (ASX: WDS) after oil prices sank overnight. According to Bloomberg, the WTI crude oil price is down 5.5% to US$71.50 a barrel and the Brent crude oil price has sunk 5.2% to US$75.16 a barrel. This was driven by worries about a U.S. debt default and expectations that fuel demand could suffer if central banks in the U.S. and Europe raise interest rates again this week.

Buy Woolworths shares

The Woolworths Group Ltd (ASX: WOW) share price could be great value according to Goldman Sachs. This morning, the broker has reiterated its conviction buy rating with an improved price target of $42.80. In response to its third-quarter update, the broker said: “We tweak our FY23-25e group sales by ~+1% and NPAT by 0.4%-1.1% respectively. This is due to slightly higher sales across all key business segments while our margin views remain intact. Our updated forecasts imply FY22-25e ~3.4% sales CAGR and ~9.6% CAGR for EBIT/NPAT respectively.”

Gold price jumps

Gold miners Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) will be on watch after the gold price jumped overnight. According to CNBC, the spot gold price is up 1.6% to US$2,024.2 an ounce. The market selloff appears to have increased demand for safe haven assets.

Megaport shares a buy

The team at Morgans believes that Megaport Ltd (ASX: MP1) shares could be heading even higher after last week’s heroics. This morning, the broker retained its add rating with an improved price target of $9.00. It highlights that “management’s guidance for FY23 and FY24 was well ahead of consensus expectations.”

The post 5 things to watch on the ASX 200 on Wednesday appeared first on The Motley Fool Australia.

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More reading

• ASX 200 energy shares to fall after oil prices collapse
• Here are the top 10 ASX 200 shares today
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• ASX 200 plunges as RBA surprises investors with another interest rate boost
• Why Beach, Computershare, Endeavour, and Qantas shares are dropping 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 Megaport. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool Australia has recommended Megaport. 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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Are you looking for attractive dividend yields to boost your passive income? If you are, then it could be a good idea to check out the ASX dividend shares listed below that analysts rates highly.

Here’s what they are saying about them:

Aurizon Holdings Ltd (ASX: AZJ)

The first ASX dividend share that could be a buy is Aurizon. It is Australia’s largest rail freight operator, connecting miners, primary producers, and industry with international and domestic markets.

Morgans is positive on the company and recently revealed that its analysts “see value in the stock at current prices, supported by the far higher quality Network and Coal haulage businesses.”

The broker is also expecting some attractive yields from this dividend share. It is forecasting partially franked dividends of 17 cents per share in FY 2023 and then 19 cents per share in FY 2024. Based on the latest Aurizon share price of $3.45, this will mean yields of 4.9% and 5.5%, respectively.

Morgans currently has an add rating and $3.81 price target on its shares.

Charter Hall Long WALE REIT (ASX: CLW)

Another ASX dividend share that could be worth considering is the Charter Hall Long Wale REIT. This property company focuses on high quality real estate assets leased to corporate and government tenants on long term leases.

Citi is very positive on the Charter Hall Long Wale REIT. This is due partly to its long leases and high occupancy rate, which it believes make the company a low risk option. The broker highlights its “low risk income stream with c. 12 year WALE and 99.9% occupancy.”

It expects this to support dividends per share of 28 cents in FY 2023 and 29 cents in FY 2024. Based on the current Charter Hall Long Wale REIT share price of $4.28, this will mean yields of 6.5% and 6.8%, respectively.

Citi currently has a buy rating and $5.00 price target on its shares.

The post These ASX dividend shares could be strong buys: brokers appeared first on The Motley Fool Australia.

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More reading

• ‘Attractive entry point’: 2 ASX 200 dividend shares to pounce on right now
• Passive income alert! Experts say buy these ASX dividend shares with big and growing yields
• Building wealth through dividend investing: 5 ASX shares to boost your income
• Buy Woolworths and this ASX share for your retirement portfolio: experts
• Buy these ASX 200 dividend shares with 5%+ yields: analysts

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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended Aurizon. 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 could be a very tough day for ASX 200 energy shares on Wednesday after oil prices collapsed during overnight trade.

According to CNBC, the West Texas Intermediate (WTI) crude oil price has dropped a sizeable 5.5% to US$71.50 a barrel and the Brent crude oil price has sunk 5.2% to US$75.16 a barrel.

This could be bad news for ASX 200 energy shares Beach Energy Ltd (ASX: BPT), Karoon Energy Ltd (ASX: KAR), Santos Ltd (ASX: STO), Woodside Energy Group Ltd (ASX: WDS), which are susceptible to movements in the oil price.

What’s going on with oil prices?

Oil prices sank to a five-week low following a selloff on Wall Street amid concerns over a U.S. debt default and expectations that fuel demand could suffer if central banks in the U.S. and Europe raise interest rates again this week.

In respect to the latter, the U.S. Federal Reserve has kicked off its monetary policy meeting on Tuesday and will make a decision on interest rates overnight on Wednesday.

PVM’s oil broker, Tamas Varga, told CNBC:

The unpredictable action of central banks in their mission to tame elevated consumer and producer prices, the rhetoric and action of consuming and producing nations have all cast a rather long shadow of doubt on prospects going forward.

Craig Erlam, a senior market analyst at OANDA, also highlights that these concerns have overshadowed news that OPEC’s oil output fell in April. He said:

The post-OEPC+ gains have now been wiped out which suggests traders are now of the belief that the economic outlook has deteriorated to the extent that the output cut won’t create the deficit that was feared.

All in all, these are interesting times for oil prices and ASX 200 energy shares.

The post ASX 200 energy shares to fall after oil prices collapse appeared first on The Motley Fool Australia.

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More reading

• Why Beach, Computershare, Endeavour, and Qantas shares are dropping today
• 5 things to watch on the ASX 200 on Tuesday
• How I’d invest $1,000 in May to make easy passive income
• Woodside share price in the green as Shell offloads stake in $30 billion JV gas project
• 5 things to watch on the ASX 200 on Monday

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 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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ANZ Group Holdings Ltd (ASX: ANZ) shares were in fine form in April.

During the month, the banking giant’s shares rose a sizeable 6.2%.

As well as being far stronger than the ASX 200 index at its 1.8% gain, it also smashed what the other big four banks recorded.

Why did ANZ shares outperform other ASX 200 banks in April?

It remains unclear exactly why investors had a preference for ANZ shares last month.

In fact, the bank was actually dealt a blow in April when the ACCC revealed that it had concerns over the proposed acquisition of the banking operations of Suncorp Group Ltd (ASX: SUN).

The ACCC’s preliminary view is that the areas of competition between ANZ and Suncorp Bank that have the most potential to raise competition concerns stem from the activities in which they overlap, including: the supply of agribusiness banking, small and medium-sized enterprise (SME) banking, home loans and retail deposits (including transactions and savings accounts and term deposits). The ACCC also considers there is a higher degree of geographic overlap between ANZ and Suncorp Bank in Queensland and northern New South Wales.

However, it is worth noting that a couple of brokers spoke very positively about the bank in April. This could have given the buy-side of the equation a boost, lifting its shares in the process.

What were the brokers saying?

One of those brokers was Macquarie, which retained its outperform rating and $26.00 price target on the bank’s shares.

It believes ANZ is well-placed to benefit from improving margins and market income. It expects mortgage margin pressures to be offset by slower deposit re-pricing and a more favourable lending mix.

Over at Citi, its analysts continue to rate ANZ shares as a buy with a $27.25 price target. This suggests almost 12% upside despite last month’s gains. It commented:

ANZ remains our top pick in the sector, and we expect the lending momentum, particularly in institutional, to continue to differentiate vs peers.

The post Why did ANZ shares smash the other ASX 200 banks in April appeared first on The Motley Fool Australia.

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More reading

• What’s happening with ASX 200 banks today as First Republic teeters on the brink of collapse?
• Investing in ASX 200 shares? Here’s what to expect from the RBA tomorrow
• Looking to buy ANZ shares? Here’s what to watch in this week’s results
• Another ASX company to disappear
• No savings at 30? I’d invest $3 a day in ASX shares to target a second income of $10,824 a year

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 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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Investors looking for tech sector exposure might want to check out the two ASX 200 shares listed below.

That’s because brokers are feeling very positive about these shares and are tipping them as buys at current levels. Here’s what to need to know:

Altium Limited (ASX: ALU)

The first ASX 200 tech share that could be a buy is Altium.

It is a printed circuit board (PCB) design software provider behind the industry-leading Altium Designer platform.

This software is used by many of the biggest companies and organisations in the world for their PCB designs. This includes Microsoft, NASA, and Tesla.

The good news is that demand for this type of specialist software is expected to grow strongly in the future. This is due to a number of tailwinds such as artificial intelligence and the Internet of Things.

Morgan Stanley is a fan of this ASX 200 tech share. It currently has an overweight rating and $43.50 price target on Altium shares.

WiseTech Global Ltd (ASX: WTC)

Another ASX 200 tech share that has been named as a buy is WiseTech Global. Like Altium, its software is also industry-leading.

That software is the CargoWise One logistics management platform. It is integral to the global logistics industry, allowing users to execute complex logistics transactions and manage freight operations from a single, easy to use platform.

Demand and usage continues to grow for CargoWise, which is underpinning stellar recurring revenue growth. And thanks to the stickiness of the platform, bolt-on acquisitions, and organic growth, WiseTech Global has been tipped to continue its growth long into the future.

Ord Minnett, for example, is also a big fan of WiseTech Global. It currently has an accumulate rating and $90.00 price target on its shares.

The post These fantastic ASX 200 tech shares have been named as buys by analysts appeared first on The Motley Fool Australia.

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More reading

• ‘Under the radar success’: 3 quality ASX 200 growth shares to buy right now
• Top ASX shares to buy in May 2023
• Nasdaq rebound! Brokers say these ASX 200 tech shares are buys
• Don’t get duped: Why cheap ASX shares can still rip you off
• Pro Medicus shares: Bull vs. Bear

Motley Fool contributor James Mickleboro has positions in Altium. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Altium and WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. 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 a new month here, now could be a good time to consider making some changes to your portfolio.

If you’re interested in exchange traded funds (ETFs), then it could be worth checking out the three listed below. Especially if you have room in your portfolio for some high-quality tech exposure.

Here’s what you need to know about these ETFs:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The first ETF for investors to consider in May is the BetaShares Asia Technology Tigers ETF. This popular ETF provides investors with exposure to many of the best tech stocks in the Asian region (excluding Japan). This means you will be buying a slice of high-quality such as ecommerce players Alibaba and JD.com, search engine company Baidu, and WeChat owner Tencent. We Chat has over 1.3 billion users.

BetaShares Global Cybersecurity ETF (ASX: HACK)

Another ASX ETF for investors to look at this month is the BetaShares Global Cybersecurity ETF. As its name implies, this ETF gives investors access to the leading companies in the global cybersecurity sector. This includes industry giants such as Accenture, Cisco, Cloudflare, Crowdstrike, Okta, Palo Alto Networks, and Splunk. These companies appear well-placed to benefit from increasing demand for cybersecurity services given how prevalent cyberattacks have become.

VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

A third and final ETF for ASX investors to look at in May is the VanEck Vectors Video Gaming and eSports ETF. This ETF provides investors with access to a number of the largest companies in the video game industry. Among the gaming companies that you’ll be owning a slice of are Activision Blizzard, AMD, Electronic Arts, Nintendo, Roblox, and Take-Two. These companies appear well-positioned to benefit from the increasing popularity of video games and eSports.

The post 3 fantastic ETFs for ASX investors to buy in May appeared first on The Motley Fool Australia.

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More reading

• 3 top quality ETFs for ASX investors to buy and hold for 10 years
• 3 highly rated ETFs for ASX investors to buy in May
• 3 quality ASX ETFs for investors to buy for the long term
• Buy and hold these 3 ASX ETFs for a decade
• Here’s how I’ll use this ASX ETF to invest in my favourite stock

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 BetaShares Global Cybersecurity ETF. The Motley Fool Australia has positions in and has recommended BetaShares Global Cybersecurity ETF and iShares International Equity ETFs – iShares Global Consumer Staples ETF. The Motley Fool Australia has recommended Betashares Capital – Asia Technology Tigers 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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The Rio Tinto Ltd (ASX: RIO) share price declined in April amid a drop in the iron ore price.

The company’s share price fell 6.6% from $120.14 on 31 March to $112.25 at market close on 28 April. For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) fell 2.6% in the same time frame. In Tuesday’s trade, Rio shares slid 1% to $11.14.

Let’s take a look at what weighed on the Rio Tinto share price in April.

What happened?

Rio Tinto is a major iron ore explorer. The company also produces copper, bauxite and aluminum. But iron ore is its largest revenue earner.

The iron ore price fell 17% from US$127 a tonne to US$105 a tonne during April, trading economics data shows.

Iron ore prices fell amid weaker demand from China. China is the world’s largest importer of the commodity, used to make steel.

Kallanish Commodities analyst Tomas Gutierrez told Bloomberg the iron ore price was “overhyped” when it rallied from late last year until March. Iron ore was trading at US$81.5 per tonne on 1 November 2022 before soaring 65% to $US134.50 on 15 March.

Commenting on steel demand from China, he added:

Developers are very reluctant to start new projects outside of the top-tier cities, and that’s where the bulk of steel demand used to come from.

Rio Tinto reported record iron ore exports in the first quarter of calendar year 2023. The company shipped 82.5 million tonnes of iron ore in the March quarter, up 16% on the first quarter of 2022.

Rio’s 2023 guidance for iron ore shipments remains unchanged, however, copper production has been slightly lowered to 590 to 640 thousand tonnes.

Commenting on the results, Rio Tinto CEO Jakob Stausholm said:

We continue to make steady progress with our highest ever first quarter shipments achieved in the Pilbara iron ore business.

Looking ahead, the team at Goldman has a “buy rating” on Rio Tinto shares with a $136.20 price target.

Rio Tinto share price snapshot

The Rio Tinto share price has slid 2.16% in the last year.

Rio has a market capitalisation of about $41.26 billion based on the last closing price.

The post The Rio Tinto share price dumped 7% in April. Here’s why appeared first on The Motley Fool Australia.

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More reading

• 2 ASX 200 mining shares to buy for big dividends: analysts
• Rio Tinto shares: Buy, hold or fold in May?
• Dalio says US and China ‘on brink of war’. Which ASX shares could be impacted?
• Looking to buy ASX 200 iron ore shares? Here are 5 reasons not to
• These are the ASX 200 lithium shares to buy due to a new ‘game changing’ technology

Motley Fool contributor Monica O’Shea 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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