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Where I would invest $10,000 today in ASX shares

I always think there are opportunities for investors to find good ASX shares. If I had $10,000 to invest today then I know which businesses I’d want to buy:

MFF Capital Investments Ltd (ASX: MFF)

Listed investment companies (LICs) are an interesting investment vehicle for me. Not only can people buy access to a portfolio of (presumably) quality businesses, but investors can also buy that portfolio at a discount to its underlying worth.

MFF Capital’s share price is currently $2.74, but the pre-tax net tangible assets (NTA) as at 4 June 2021 was $3.161. That means the current discount is around 13.3%. That’s a nice discount for how effective MFF Capital is at what it does.

It has low operating costs, a quality portfolio of names like Visa, Mastercard, Amazon and Home Depot, and good historical returns.

MFF Capital is also targeting a growing dividend.

Pushpay Holdings Ltd (ASX: PPH)

Pushpay is an electronic donation ASX share that has plenty of elements that I like to look for.

It has a large total addressable market. Pushpay is targeting a 50% market share of large and medium US church donations, which is a huge number. The company is already processing billions of dollars of donations in the US. Pushpay is now looking to expand in the Catholic segment and reach a 25% market share over the next few years.

Pushpay also has been growing profit margins, which is where different levels of profit grow faster than operating revenue. In FY21, operating revenue grew 40%, the gross profit margin improved from 65% to 68%, EBITDAF (EBITDA explained, the F stands for foreign currency) grew 133% and operating cashflow rose 145% to US$31.2 million. The cashflow is strong.

It’s at an attractive valuation for how much growth potential the ASX share could have, particularly if it can expand overseas – that would open up the total addressable market even more.

According to CommSec, the Pushpay share price is valued at 31 times the estimated earnings for the 2022 financial year.

$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!)

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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 MFF Capital.
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