Choosing ASX shares for your parents can be a difficult task.
It might not be the right thing to get involved in if you don’t have a good relationship, but it is important that they set themselves the right way financially.
We have seen in the Royal Commission what can happen when people who get sales commissions provide the advice.
That’s why the below 3 ASX ideas could be good for my mum (and other mums):
BetaShares NASDAQ 100 ETF (ASX: NDQ)
Exchange traded funds (ETFs) might be the best way for most people to invest these days. Being able to buy a bunch of shares with one buy order is very useful, particularly when you can buy all of the exciting US technology shares.
The BetaShares NASDAQ 100 ETF owns shares of Google (Alphabet), Amazon, Microsoft, Apple, Facebook, Netflix, Intel and many more.
As a whole, this group of leading US technology companies are probably going to keep introducing more innovative products and growing their revenues and profits.
REA Group Limited (ASX: REA)
REA Group owns many Australian property websites like realestate.com.au, realcommercial.com.au, flatmates.com.au and spacely.com.au.
Nearly every property sold (or rented) in Australia goes through the process of being listed on REA Group’s site. It is able to regularly increase prices due to its market leading position and brand. As more properties are built it increases the total addressable market of REA Group.
In the longer term it has an attractive upside because of its investments in leading property websites in Asia and North America.
Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)
Soul Pattinson is one of the oldest companies on the Australian Stock Exchange. It has an excellent pedigree of beating the returns of the ASX over the long term because of its diverse investment portfolio.
It behaves similarly to Berkshire Hathaway in that it owns private companies outright and also invests in ASX shares like TPG Telecom Ltd (ASX: TPM).
Soul Pattinson has increased its interim dividend for 21 years in a row, which is a great record.
But, if you also want some growthier ideas to mix with the above three picks, then the growth stocks in the free report below are ones to consider.
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Disclosure: Jaz owns shares of Washington H. Soul Pattinson and Co. Ltd at the time of writing, just this could change at any time.
