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Where I’d invest $2,000 into ASX shares next week

If I had $2,000 to invest into ASX shares, I’d go for these two leading ideas, including Temple & Webster Group Ltd (ASX:TPW).
Picture of Jaz Harrison

Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
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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.

$50,000 per year in passive income from shares? Yes, please!

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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 does not have a financial or commercial interest in any of the companies mentioned.

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