Investing $500 might not seem like much, but it is more than enough to get started in the share market.
In fact, small amounts invested consistently can compound into something meaningful over time. The key is focusing on quality ASX shares with strong long-term potential, rather than trying to chase quick wins.
Here are three shares that could be worth considering with $500.
Image source: Getty Images
Breville Group Ltd (ASX: BRG)
The first ASX share that could be a smart option is Breville Group.
Breville has built a premium brand in kitchen appliances, with products that are recognised globally for quality and design. But what makes the business particularly interesting is its international growth story.
A large portion of its revenue now comes from overseas markets, especially the United States. This gives Breville exposure to a much larger customer base than the Australian market alone.
At the same time, the company continues to innovate and expand its product range, helping to maintain its premium positioning. This is particularly the case in the growing coffee category, where Breville is a market leader.
Overall, Breville offers investors exposure to a global consumer brand with long-term growth potential.
ResMed Inc (ASX: RMD)
Another ASX share to consider is ResMed.
ResMed operates in the sleep apnoea and respiratory care space, providing devices and software that help patients manage chronic conditions.
What sets the company apart is its recurring revenue model. Once a patient starts using a device, they often continue purchasing masks, software, and accessories over time.
There are also strong structural tailwinds supporting the business. Sleep apnoea remains highly underdiagnosed globally, and awareness continues to grow. In fact, there are over 1 billion sufferers worldwide according to ResMed. But most aren't aware of their condition.
This means that ResMed potentially offers long-term investors a combination of defensive healthcare exposure and steady growth.
TechnologyOne Ltd (ASX: TNE)
A third ASX share that could be a strong option for the $500 is TechnologyOne.
It provides enterprise software solutions, primarily to government and education sectors. Its shift to a cloud-based model has transformed the business, increasing recurring revenue and improving margins.
One of the most appealing aspects of TechnologyOne is its consistency. The company has a long track record of delivering steady earnings growth and expanding its customer base.
It is also growing internationally, particularly in the UK, which could provide another leg of growth in the years ahead.
For investors looking to build wealth over time, TechnologyOne could be worth considering, especially after recent share price weakness.
