There are some really good ASX shares that look like quality buys right now with $10,000.
I believe that quality investments will generate the best returns over the long-term.
These are some ASX shares that I’d happily buy:
Redbubble Ltd (ASX: RBL)
The Redbubble share price has dropped 33% over the last month. That’s despite the business just revealing that its third quarter gross profit went up by 55% and EBIT rose by 91%.
I believe the selloff was down to short-term investors focused on immediate profit.
But the long-term investing that Redbubble plans to do could turn it into a much larger artist-designed e-commerce business.
I’d be happy to buy it for the long-term, particularly after the selloff.
MFF Capital Investments Ltd (ASX: MFF)
MFF Capital is a long-term focused listed investment company (LIC) that is managed by Chris Mackay.
I think Mr Mackay is one of the most capable Aussie investors that focuses on international shares.
Not only does MFF have a track record of good long-term returns and good share selection, but it’s trading at very attractive value in my opinion. It’s valued at a 12% discount to the April net tangible assets (NTA). Double digit discounts are attractive to me for a quality basket of shares including Visa, Mastercard and Amazon.
Pushpay Holdings Ltd (ASX: PPH)
The Pushpay share price has dropped by 16% over the last month. It is suffering from weak investor sentiment regarding digital product and services businesses.
Pushpay has an attractive future in my opinion. It’s one of those ASX shares facilitating a shift to digital payments. Specifically, it provides the technology for large and medium US churches to receive electronic donations. It also has church management tools and other community resources.
The ASX share is seeing its profit margins rapidly rise, which bodes well for the longer term. That shows it has good operating leverage. It has upgraded its guidance for FY21 several times. If it can successfully expand into other countries then it could make a lot more profit each year in the long-term.
VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)
This is one of my favourite exchange-traded funds (ETFs).
It combines the good things about ETFs with the attractive side of stock picking.
The annual management fee is pretty low at 0.49%. But it offers a solid amount of diversification because it’s invested in 49 positions across a variety of sectors.
Some of its biggest holdings right now are: Wells Fargo, Cheniere Energy, Northrop Grumman, Alphabet, General Dynamics, Philip Morris, Yum! Brands, Berkshire Hathaway and Raytheon Technologies.
The shares are chosen by the Morningstar equity research team. They believe that the businesses are at a good price to their intrinsic value. It only looks at businesses that have strong competitive positions.
The net returns from the MOAT ETF has been very strong, at 18.6% per annum over the last five years.