With a new month upon us, now could be a good time to see if there are any additions you could make to your portfolio to take it to the next level.
I think the tech sector would be a good place to look for options, given the quality on offer at this side of the market.
But which ASX tech shares should you buy? Here are a few I would buy:
Appen is one of my favourite tech shares on the ASX. Its global team of over a million crowd-sourced experts prepare the data that goes into artificial intelligence (AI) and machine learning models. This is a very important part of the process, as high quality data is vital for successful models. Pleasingly, given how important AI is becoming to businesses, I expect demand for Appen’s services to continue to grow over the next decade. This should underpin strong earnings growth for a long time to come.
BetaShares Asia Technology Tigers ETF (ASX: ASIA)
If you would like to invest in a number of tech shares in a single investment, then you might want to look at the BetaShares Asia Technology Tigers ETF. This fund is invested in some of the fastest growing tech companies in the Asia market. These companies are revolutionising the lives of billions of people in the region and look very well-positioned for growth. Included in the fund are the likes of ecommerce giant Alibaba, search engine company Baidu, and Afterpay Ltd (ASX: APT) shareholder and WeChat owner, Tencent.
A final ASX tech share to consider buying in September is Xero. It has been growing at a strong rate for years and looks well-positioned to continue this trend in the future. Especially given its evolution from a cloud-based accounting service into a full service business solution. Its offering was given a boost recently by the acquisition of Waddle. It is a cloud-based lending platform that helps small businesses access capital through invoice financing. Management believes the acquisition aligns with its strategy to grow the small business platform and to address critical small business financial needs.
These 3 stocks could be the next big movers in 2021
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
In this FREE STOCK REPORT, Scott just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’.
*Returns as of 15/2/2021
James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Xero. The Motley Fool Australia owns shares of and has recommended BetaShares Asia Technology Tigers ETF. The Motley Fool Australia owns shares of AFTERPAY T FPO and Appen Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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