I love buying great ASX shares when they look like opportunities.
The recent volatility of the share market has opened up a lot of businesses and investments to potential buy.
If I had $2,000 to invest into ASX shares, I’d love to buy these two:
VanEck Video Gaming and Esports ETF (ASX: ESPO)
This isn’t an individual business, it’s an exchange-traded fund (ETF) that owns businesses around the world that are involved in the video gaming sector.
I think that video gaming earnings are more defensive than what some investors give it credit for.
Video gaming is not exactly as essential as healthcare, but there is a growing global gamer population and there’s also a large number of people that like to watch e-sports.
For anyone that knows about video games, some of the largest positions may be recognisable: Activision Blizzard, Tencent, Nintendo, Nvidia, Netease, Nexon, Electronic Arts, Take-Two Interactive Software and Bandai Namco. There is a total of 26 holdings.
After the recent volatility with the global share market because of the Russian war and strong inflation, I think the ESPO ETF looks good value. I also think that the below ASX share looks attractive after the global share market declines.
Temple & Webster Group Ltd (ASX: TPW)
Over the past six months, the Temple & Webster share price has fallen by almost 50%.
The company’s valuation has fallen substantially, but the revenue continues to climb strongly.
This ASX e-commerce share was one of the beneficiaries of the COVID online shopping boom.
But I think that there will continue to be an ongoing shift as more Aussies buy more stuff online. The tailwind of younger, digital-savvy Aussies entering prime purchasing age will be helpful for earnings in the long-term.
The ASX share is working on a number of very promising projects including augmented reality (AR) so that customers can see items in their space.
Temple & Webster is also now targeting two new large markets – business customers and home improvement products (like painting, plumbing and so on).
I think the power of compounding and operating leverage will help Temple & Webster become very profitable by 2030.
It’s one of the ASX growth shares that look very promising, in my opinion. International expansion is also a potential future bonus as well.
