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Where I’d invest $10,000 into ASX growth shares

If I had $10,000 to invest into ASX growth shares, I’d choose these 3 including WCM Global Growth Ltd (ASX:WQG).

If I had $10,000 to invest into ASX growth shares, I know where I would want to put that money.

I think there are plenty of good businesses out there, but I also want to get them at a good price.

That’s why I like the look of these two ASX growth shares:

WCM Global Growth Ltd (ASX: WQG)

This is one of my preferred listed investment companies (LICs) at the moment.

In terms of being good value, the latest share price was $1.59 and the last weekly before tax net tangible asset (NTA) amount was $1.791 at 30 June 2021. That’s a nice discount of 11.2%.

But the fund manager, WCM, is good with a very effective investment strategy. WCM is based out of California.

It aims to invest in businesses with a good culture and a rising competitive advantage.

That culture is about finding businesses that have a culture of increasing its competitive advantages, or economic moat, as measured by the return on invested capital (ROIC).

It has a globally diversified portfolio, with holdings in North America, Europe and Asia.

Some of the largest holdings include: Stryker, Shopify, West Pharmaceutical Services, LVMH (Moet Hennessy Louis Vuitton), Sherwin-Williams and MercadoLibre.

It comes with fairly high management fees with both management fees (1.25% per annum) and performance fees (10% of the outperformance), but the returns have been good – the net returns over the last three years have been an average of 23.1% per year. Time will tell what the next three years of returns looks like.

Pushpay Holdings Ltd (ASX: PPH)

Pushpay is one of my favourite ASX growth shares. The recent 7% drop of the share price since 1 July 2021 has made it that bit more good value in my eyes.

It’s displaying all the traits that I like to see – rising margins, a large addressable market, seemingly the best product for clients and excellent cashflow.

In FY21, Pushpay paid off the debt it used to acquire Church Community Builder. New cashflow can be used for more acquisitions to further expand its offering or improve what it already does. The operating cashflow increased 145% to US$57.6 million.

The company has plans to grow in the Catholic segment, with an investment of $6 million to $8 million in FY22. It’s the first step in investing to grow its customer base outside of its existing core customer base and it has set the goal of acquiring more than 25% of the Catholic church management system and donor management system market over the next five years.

According to CommSec, the Pushpay share price is valued at 26 times the estimated earnings for the 2023 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 WCM Global Growth.
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