2 ASX shares I'd buy in a heartbeat

There are at least 2 ASX shares I'd buy in a heartbeat right now, including electronic donation business Pushpay Holdings Ltd (ASX:PPH).

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ASX shares continue to rise with investor confidence seemingly growing every week.

Australia is getting close to the point of no new COVID-19 cases across the nation. Some ASX shares are soaring in reaction to how much better the outlook seems.

But there are still many places in the world where the number of infections is still rising.

With the current state of play domestically and abroad in mind, here are two ASX shares that I'd buy in a heartbeat:

finger pressing red button on keyboard labelled Buy

Image Source: Getty Images

Pushpay Holdings Ltd (ASX: PPH)

Pushpay is one of the businesses that is seeing an acceleration of growth due to the unfortunate circumstances. It's an electronic donation business that enables people to digitally give to not-for-profit organisations.

A key part of US churches is the congregations. COVID-19 and social distancing makes church gatherings more difficult at the moment. That also means that getting cash donations can become problematic for those churches.

Pushpay's system is perfect for this environment. The ASX share's technology also allows churches to livestream to their congregations.

The large and medium church sector is a $1 billion revenue opportunity according to Pushpay's management.

The ASX share is aiming to approximately double its earnings before interest, tax, depreciation, amortisation and foreign currency (EBITDAF) in FY21. Pushpay's profit margins could keep rising as it gets bigger over time.

Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)

There are few ASX shares that have stood the test of time like Soul Patts. It has been operating since the early 1900s. So it has already survived through the Spanish Flu, two world wars, the recessions and so on.

Soul Patts is invested in businesses that should be able to remain robust this year. Some large positions include TPG Telecom Ltd (ASX: TPM), Brickworks Limited (ASX: BKW) and Clover Corporation Limited (ASX: CLV).

The ASX share conglomerate continues to invest in new opportunities. It is reportedly about to start investing in regional data centres.

I think Soul Patts is one of those shares that you could invest in and potentially hold forever. Its ability to change its investments and invest in anything is very attractive.

A very nice bonus with this ASX share is that it has grown its dividend every year since 2000.

Foolish takeaway

I'd buy both of these ASX shares for the long-term in a heartbeat. Pushpay has a lot of exciting growth potential over the coming years. But Soul Patts could be a solid idea for long-term steady growth.

Tristan Harrison owns shares of Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of PUSHPAY FPO NZX. The Motley Fool Australia owns shares of and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended PUSHPAY FPO NZX. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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