ASX Growth Shares
2 ASX growth shares that I would buy in August 2023
I really like a number of ASX growth shares for the long-term because of the compounding effects year after year.
August 4, 2023
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.
I really like a number of ASX growth shares for the long-term because of the compounding effects year after year.
The Downer EDI Ltd (ASX:DOW) share price is down around 5% after its FY23 update which included large asset impairments.
Reporting season might be a handy time to buy top ASX shares that look good value. I’m calling these two ASX shares opportunities.
The Pilbara Minerals Ltd (ASX:PLS) share price is up after the business announcing a final investment decision (FID).
TPG Telecom Ltd (ASX: TPG) shares went up 6.8% and were then halted on news of a potential asset sale.
The Commonwealth Bank of Australia (ASX:CBA) share price has seen plenty of ups and downs over the past six months. Is it a buy?
The Credit Corp Group Limited (ASX:CCP) share price has sunk 15% after the debt collector announced its FY23 result.
The IGO Ltd (ASX:IGO) share price is currently down around 5% after the ASX mining share gave its quarterly update.
The Silver Lake Resources Ltd (ASX:SLR) share price is down 18% right now after disappointing investors with its quarterly update.
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