Changes are happening - please bear with us while we update our site.

Changes are happening - please bear with us while we update our site.

2 ASX tech shares I’d buy with $1,000

ASX tech shares are going through a rough time and I think now is a really good time to buy shares of Redbubble Ltd (ASX:RBL).

ASX tech shares are going through a rough time and I think now is a really good time to buy shares.

Short term volatility and declines can be concerning. But investing is about the long term and you just have to remember why you invested (or why you’re thinking about investing). It’s not about what happens in May, 2021 or even the next couple of years. It’s the longer-term picture that investors should focus on.

If you’re a prospective investor, then lower prices can be a very good thing.

Redbubble Ltd (ASX: RBL)

Redbubble is one of the most exciting ASX e-commerce shares in my opinion. Yet its share price has been trashed – down almost 40% in just one month.

It’s not like it has lost 40% of its customer base over the last month. It only reported growth was starting to slow and that it was undertaking a high-growth investment strategy. Remember, marketplace revenue grew 54% and gross profit rose 55% in the FY21 third quarter.

Redbubble operates in a scalable industry and it was seeing very good profit growth from its operations. Third quarter EBIT (EBIT explained) rose 91% to a loss of $0.9 million. In the nine months to March 2021, marketplace revenue was up 85%, gross profit was up 100% and operating cashflow was up 800% to $54 million.

If Redbubble keeps investing in efficiency benefits and marketing, the artist product business should be a much bigger and more profitable business in five years. I think this lower price is an attractive time to buy shares.

Cettire Ltd (ASX: CTT)

Cettire is another ASX tech share in the retail space. It’s still relatively unknown because it hasn’t been listed that long. It is a global online retailer of personal luxury goods with over 1,300 luxury brands and over 160,000 products of clothing, shoes, bags and accessories.

It’s generating enormous growth and recently upgraded its sales guidance, which is a good sign.

FY21 third quarter sales revenue was up 331% to $18.5 million. All of the other trends are good too – unique website visits was up 325% to 3.6 million, the conversion rate was up 26% to 1.01% and the number of orders increased 437% to 36,455.

Sales revenue is now expected to be at least $80 million (versus the $70 million prospectus number) and it’s expected to generate positive EBITDA (EBITDA explained), compared to a forecast loss of $2 million.

It has announced buy now, pay later partnerships with both Klarna and Afterpay Ltd (ASX: APT) which may be able to unlock more sales growth for the ASX tech share.

Cettire is one of the fast-growing ASX growth shares that I’ve got my eyes on, among others.

$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!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

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, the author of this article does not have a financial or commercial interest in any of the companies mentioned.
Skip to content