Site menu

Search by ticker code:
Generic filters

Menu

Search by ticker code:
Generic filters

Search by ticker code:
Generic filters

The 2 ASX shares I’d buy in March

If I were going to buy 2 ASX shares in March, it’d be Pushpay Holdings Ltd (ASX:PPH) and one other.

There are a few ASX shares that I think look good value for the long-term.

Foreign currency movement is not a major factor for me for wanting to buy any particular business, but it’s a useful bonus with ASX shares that have US dollar exposure with how strong the Aussie dollar is.

I like the look of these two ASX shares right now:

WCM Global Growth Ltd (ASX: WQG)

This is a listed investment company (LIC) that is managed by WCM, a California-based fund manager.

I really like the WCM way of investing. It aims for businesses that are increasing the size of the economic moat, or the competitive advantage.

Some businesses have large economic moats compared to the competition. But if that advantage isn’t strengthening then there’s a good chance that competition may start catching up.

WCM also looks for businesses that have management that have a culture of trying to improve the moat. WCM has certain ways to judge the business and management on its moat culture.

It has performed very well. Its portfolio has produced net returns (after fees) of an average of 19.8% per annum since June 2017.

Some of its current biggest positions include MercadoLibre, Taiwan Semiconductor, Shopify and West Pharmaceuticals.

Pushpay Holdings Ltd (ASX: PPH)

Pushpay is one of my highest conviction ASX tech share ideas at the moment. It provides donation and church management tools for the large and medium US church sector.

Some commentators believe that Pushpay’s growth is going to slow as COVID-19 impacts subside and also because there aren’t many more large churches for it to win over.

Those may be fair points, though I think that the trend towards electronic payments isn’t going to go backwards. As the US economy recovers, there could be even more donations as level of household income heads back to pre-COVID levels.

There may not be too many more churches to win, but I think the market share of donations can keep increasing in those larger churches.

Pushpay is also now intending to expand into other adjacent sectors like smaller US churches and churches in other countries.

The company continues to boast of stronger operating leverage as it processes more volume. In the latest half-year report it told investors that its EBITDAF margin (EBITDA explained – the F stands for foreign currency) increased from 17% to 31%.

If Pushpay keeps growing its margins then it could be a very large business once it reaches US$500 million of revenue.

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

At the time of publishing, Jaz owns shares of WCM Global Growth.
Skip to content