ASX Growth Shares
Why I think Magellan (ASX:MFG) shares are a buy
After the release of the September 2020 update, I think Magellan Financial Group Ltd (ASX:MFG) shares are a buy.
October 7, 2020
Big money is not in the buying or selling, but in the waiting.
For my own portfolio, I like to find ASX shares that are growing their dividends. Growth is an essential part of the dividend equation for me. I want to see that the dividend increases are funded by growing earnings and/or growing underlying asset values. I also have a portion of my portfolio invested in an ETF that picks undervalued global businesses with strong competitive advantages.
For Rask Media, I have an interest in covering technology (and tech-related) businesses with a global growth story, as well as cyclical companies that are cheaply priced because they’re at a low point in the cycle, such as retailers and resource businesses which could benefit strongly in the medium-term.
After the release of the September 2020 update, I think Magellan Financial Group Ltd (ASX:MFG) shares are a buy.
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