Starting investing as a beginner in ASX shares can be quite intimidating.
There are thousands of different options on the ASX to choose from. Where are you supposed to start?
A decade or two ago the advice might have been that you should start by investing in something you regularly use or see. Perhaps a typical blue chip like Woolworths Group Ltd (ASX: WOW), Telstra Corporation Ltd (ASX: TLS) or Commonwealth Bank of Australia (ASX: CBA) could be a good place to start.
But these businesses aren't as safe as they used to be. But there are other things we use every day like our phones, Microsoft products, Google, Netflix and so on. All of these tech businesses are listed in the US, but we can get access to them on the ASX. It's hard to pick which US tech giant to go for, so you could invest in a low-cost exchange-traded fund (ETF) which invests in them all such as BetaShares NASDAQ 100 ETF (ASX: NDQ) which gives exposure to the 'FAANG' shares and more in a single investment.
If you like the idea of investing across many Australian businesses with one investment then Vanguard Australian Share ETF (ASX: VAS) or BetaShares Australia 200 ETF (ASX: A200) could be good options.
I'd be happy enough to own all of the above ETFs in my portfolio for many decades to come.
But over the long-term the best thing might be to go for growth. But it's very hard to choose the right growth shares at the right price yourself, unless you invest full-time. I'm very happy to allocate a portion of my portfolio to high-performing investment teams such as WAM Microcap Limited (ASX: WMI), it invests in the smaller shares on the ASX, it also rewards shareholders with a growing dividend along the way.
Foolish takeaway
Out of all of the options I've named, I am personally very attracted to the idea of buying more WAM Microcap shares. You can buy $1 of assets for less than $1 at the moment and it has a grossed-up dividend yield of 5.3%.
