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Astryd Boschee

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Aug 5, 2024, 3:37:02 AM8/5/24
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Foundedin 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.

Well, June is nearly upon us, and all of those moons, Ferris wheels and dizzy dancing feels it brings with it. Since we are almost officially in winter now, the changing seasons give us a good time to think about which ASX shares we would like to buy next.


This exchange-traded fund (ETF) comes in first. The BetaShares NASAQ 100 ETF is one of the index funds that I try and add money to as often as possible. The NASDAQ is one of the two major stock exchanges over in the United States. It is well known for its tech dominance, with most of the top holdings being the likes of Apple, Alphabet, Tesla and Amazon. The HNDQ ETF also gives ASX investors decent exposure to the recent semiconductor star NVIDIA Corporation too.


I am currently invested in the hedged iteration of this fund thanks to the current low position of our dollar against the US dollar. While the dollar stays in its current range, this is the fund I am prioritising most for my US tech exposure.


NAB was one of the first shares I ever bought and remains the only ASX big four bank in my portfolio. I consider NAB to be one of the most well-run ASX banks, and I have been impressed with CEO Ross McEwan's tenure so far.


The NAB share price has lost almost 18% of its value since February. Today is trading at its lowest level in almost a year, this is another ASX share that I'm eyeing off this June. Especially that 6%-plus fully-franked dividend yield.


Wesfarmers is my final stock on the old June watchlist. This ASX 200 retail and industrial conglomerate is ASX royalty, with a long and strong history of delivering solid returns to its investors. I still think this company is one of the best-run businesses on the ASX.


It has many valuable assets, including the OfficeWorks and Kmart chains, as well as a litany of other, smaller businesses like mining companies, lithium and workwear. But Wesfarmers' crown jewel continues to be the highly successful Bunnings chain.


The Wesfarmers share price has come off the boil somewhat over May, currently down close to 8% this month. But that's exactly why I'm considering picking up some shares this June. This fall puts the Wesfarmers dividend yield back to almost 4%, for one. But I consider Wesfarmers to be a superlative 'bottom-drawer stock' that I'd be happy to add to.


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