If you're looking for additions to your portfolio in September, then I think the three ASX shares listed below would be great options.
I believe they are among the best on offer on the Australian share market and could generate strong returns for investors over the next decade.
Here's why I rate them as five-star shares:
Appen Ltd (ASX: APX)
The first five-star share to buy is Appen. It is a growing tech company which has a team of over one million crowd-sourced experts preparing the data for the artificial intelligence (AI) and machine learning models. Among its customers are some of the biggest tech companies in the world such as Facebook, Microsoft, and Apple. In addition to this, thanks to the acquisition of Figure Eight last year, the company now has strong position in the government sector. This bodes well for its future growth given the billions of dollars that many Western governments are allocating to their AI activities. All in, I believe Appen is well-positioned to grow its earnings at an above-average rate over the 2020s.
BetaShares NASDAQ 100 ETF (ASX: NDQ)
Another five-star option for investors to consider buying is the BetaShares NASDAQ 100 ETF. This exchange traded fund gives investors access to a large number of high quality companies listed on the famous Nasdaq index. This includes the likes of Amazon, Facebook, Microsoft, Nvidia, Starbucks, and Tesla, to name just a few. Collectively, I believe this group of shares are well-placed to grow at an above-average rate over the next 10 years. This could mean the NASDAQ 100 index continues to outperform the ASX 200 index for some time to come. I think this could make it well worth taking advantage of a recent pullback in the BetaShares NASDAQ 100 ETF share price.
NEXTDC Ltd (ASX: NXT)
NEXTDC is Asia's most innovative Data Centre-as-a-Service provider and a company I would give five stars to. It is currently building the infrastructure platform for the digital economy, putting it in a fantastic position to benefit from the cloud computing boom. As cloud computing usage increases, I expect demand for its innovative data centre outsourcing solutions and connectivity services to increase with it. This certainly was the case in FY 2020 when NEXTDC posted a 23% increase in underlying earnings before interest, tax, depreciation and amortisation (EBITDA) to $104.6 million.
