If you are lucky enough to have $2,000 to invest into ASX shares right now, it could be worth looking at the three options below.
They are all down meaningfully from recent highs, which could be a buying opportunity for investors in May. Here's what you need to know about them:
Betashares Nasdaq 100 ETF (ASX: NDQ)
If you are looking for broad exposure to world-class innovation, then the Betashares Nasdaq 100 ETF could be the way to do it. It gives you instant access to 100 of the largest non-financial companies listed on the Nasdaq. This means household names such as Apple, Microsoft, and Tesla.
These are the global giants driving the AI revolution, cloud computing, digital transformation, and electric vehicles. While tech stocks have pulled back recently, the underlying trends haven't changed — and buying when prices are lower is exactly how long-term wealth is built.
WiseTech Global Ltd (ASX: WTC)
Next, I'd look closer to home — and WiseTech Global remains one of the best ASX tech growth stories Australia has to offer.
The company builds software for the global logistics industry. Its flagship product, CargoWise, is used by freight forwarders and supply chain operators across the world. And as global trade gets more complex, WiseTech's software becomes more essential (and sticky).
The company has a long track record of organic growth, smart acquisitions, and expanding margins. It is founder-led, cash-generative, and continues to deliver strong earnings growth year after year.
For investors seeking scalable, high-margin Aussie tech with global reach, WiseTech Global shares are hard to ignore. Morgan Stanley is bullish on the company and has an overweight rating and $140.00 price target on its shares.
Xero Ltd (ASX: XRO)
Finally, Xero could be worth a shout too. It is the cloud accounting platform used by millions of small businesses worldwide.
Xero is one of the true tech success stories on the ASX. And after years of expansion-focused strategy, the company has sharpened its focus on efficiency and profitability — and the results are starting to show.
Recent cost discipline, margin improvements, and subscriber growth (especially outside Australia and NZ) are encouraging signs. And with plenty of room left to grow globally (100 million total addressable market), Xero still has a long runway ahead.
Goldman Sachs is a fan. It recently put a buy rating and $201.00 price target on its shares.
