One of the biggest challenges you’ll face when investing or trading for the first time is, of course, learning which stocks are likely to work best for you. The ASX is a complex platform sometimes, and as always, it’s not cut and dried as to what’s going to do well. Therefore, it’s a really good idea to do some homework.
If you are really unsure about which stocks and shares work well on the ASX, you might want to consider share tips. The Bull is a great place to start, offering ideas that are straightforward and actionable almost right away.
While it’s never possible to say which stocks are always going to do well, what we can do is look at some of the most intriguing ASX picks arising at present.
Temple & Webster
Some of the biggest stock growth on ASX will come from home-grown brands. Temple & Webster is an Australian homeware brand. It’s seeing significant growth through its e-commerce platform. During 2020, T&W saw amazing growth. The pandemic brought a 74% revenue spike! Many investors and trading experts are keen to see how the brand does in 2021.
Sports betting, believe it or not, is also worth investing in this year. PointsBet is slowly ticking away as a growing betting platform, especially given the fact it is now partnering with NBC. Over 2020, the brand reported an uptick of 193% in revenue growth. Is it worth investing in now?
While RedBubble may not be an exclusively Australian resource, it is a powerful name on the ASX. This custom print and apparel store allows visitors to create their own clothing, accessories and more. Again, the pandemic bolstered this brand. The profits increased during 2020 by 149%! Experts are keen to see how it does in the next 12 months.
Heading back to an Australian stalwart, MyDeal.com.au is changing the way Australians buy homewares online. In competition with T&W, the brand saw an amazing growth of 236% to its customer base in 2020. Even more astonishing is the fact that more than 50% of its 2020 transactions were from existing customers. That’s stability you may wish to invest in for the next 12 months.
How do you know which stocks are worth investing in?
The fact is the stock market is always likely to be a bit of a guessing game. The art to knowing which stocks are likely to do well is all reliant on past growth and performance. What’s more, you need to take a close look at what companies are actually doing with their money.
The year 2020 was, naturally, a very strange 12 months for everyone. That included traders – and while many assume that the ASX will follow a similar pattern for 2021, we really cannot say as much for certain.
For now, it is simply worth riding the waves! Who can say where the markets will be by the end of the year? It’s time to do some research.