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2 exciting ASX shares I’d buy in June 2023

It's nearly the end of the Australian tax year. There could be some good opportunities to buy some leading ASX shares in June 2023.

It’s nearly the end of the Australian tax year. This could be an opportunity to buy some leading ASX shares in June 2023.

All of the volatility that we’re seeing has opened up some eye-catching ideas, while business progress made by some companies makes them more attractive.

Here are two of the most appealing options to me.

Betashares Nasdaq 100 ETF (ASX: NDQ)

This exchange-traded fund (ETF) is about investing in many of the world’s biggest tech companies listed on the NASDAQ in the US.

We’re talking about businesses like Microsoft, Apple, Alphabet (Google), Nvidia, Amazon.com, Meta Platforms and Tesla. But there are many other names as part of the 100 holdings. This is a strong group.

The NDQ ETF suffered significantly from interest rates and inflation last year, but it has soared this year – up 37% as confidence returns.

Investors are loving the excitement about AI, with Microsoft and Nvidia being two of the easiest ways to get exposure. They’re not exactly cheap now though.

I’m not sure what the NDQ ETF’s returns will look like over the next 12 months, but after that, I think the ASX share’s long-term outlook is very promising as the underlying businesses deliver new products and services.

Temple & Webster Group Ltd (ASX: TPW)

Temple & Webster is Australia’s leading online retailer of furniture and homewares.

In my opinion, more Australians are going to buy more things online as the years go by. Younger Aussies are more comfortable buying things online, and the ‘millennial’ and ‘generation Z’ age groups are becoming older, entering stages where they might spend more on home items.

The ASX share is investing for growth, while also ensuring that it can become more profitable in the long-term.

It’s already making positive EBITDA (EBITDA explained), and a recent trading update by the business suggests that revenue growth of more 10% has returned, for now at least.

If we take into account the $100 million cash that the business has on the balance sheet, I think the valuation looks very reasonable considering how much it could grow in the future thanks to online adoption, as well as growth in home improvement and commercial customers.

$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!)

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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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