If I were building an ASX share portfolio from scratch, I'd start with these 5 stocks

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These shares could be great building blocks for a strong portfolio. The post If I were building an ASX share portfolio from scratch, I'd start with these 5 stocks appeared first…

Building an ASX share portfolio from scratch but not sure where to start?

I think focusing on quality businesses with attractive long-term growth prospects is a great place to start.

The first ASX share I'd buy is industrial property giant Goodman Group.

Goodman owns, develops, and manages high-quality logistics properties and data centres across major global markets.

I'm especially bullish on its growing exposure to data centres, where demand is being driven by artificial intelligence (AI), cloud computing, and the increasing digitalisation of the global economy.

With suitable land and electricity connections becoming harder to secure, Goodman's established development pipeline puts it in an enviable position.

Management is targeting operating earnings per share growth of 9% in FY 2027, and I believe it is well-placed to continue this level of growth for some time to come.

For exposure to the financial sector, I'd turn to investment banking giant Macquarie Group.

Unlike the traditional big four banks, Macquarie has a diversified global business spanning asset management, investment banking, commodities trading, and retail banking.

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