Where I would put $10,000 into ASX 200 shares today

If I had $10,000 to put into S&P/ASX 200 Index (ASX: XJO) shares today, it wouldn’t be an easy decision. Since the lows we saw in March, the ASX 200 has rallied considerably – rising over 27% on yesterday’s close. That means that ASX 200 shares that I might have considered cheap back then are less so today.

But that doesn’t necessarily mean there are no good opportunities out there. So here are 2 ASX 200 shares that I would invest $10,000 in today.

Altium Limited (ASX: ALU)

Altium is one of those companies that have rebounded exceptionally well over the last 2 months – rising over 50% from a March low of $23.11 to yesterday’s closing price of $37.15.

Even though it would have been far better to nab Altium shares at March prices, I think this company still has a considerable upside on current prices if one has a long-term mindset.

The printed circuit board software that Altium sells is wildly popular in the electrical engineering space and has plenty of fertile ground to till. Almost every single moderately complex electronic device you can think of has some form of a printed circuit board within it, and these need to be individually designed to fit each application. 

With technology constantly evolving and new applications for electronics ever-growing, I envision this industry being far larger in a decade’s time. I also think Altium will continue to be a market leader, making this a great investment for $10,000 today, in my view.

MFF Capital Investments Ltd (ASX: MFF)

MFF is a listed investment company (LIC) that employs a Warren Buffett-esque long-term, buy-and-hold investing philosophy. It primarily invests in top-quality US companies, including Mastercard, Visa, and Home Depot, as well as Wells Fargo, Microsoft, and JP Morgan Chase, which it has owned for many years. Its portfolio manager is Chris Mackay, one of the co-founders of Magellan Financial Group Ltd (ASX: MFG) and one of the most respected fund managers in the country

The fact that MFF is currently holding a considerable cash position (38% as of 30 April) also gives me a lot of confidence that the company will be ready to put cash to work if the markets take a turn for the worse.

The MFF share price has recently come off the boil and is going for $2.80 as of yesterday’s close – a long way away from the highs of $3.88 we saw in February. As such, I think this is a good buying opportunity with $10,000 today, particularly for those investors who might be looking for an easy way to increase US exposure.

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Sebastian Bowen owns shares of Magellan Flagship Fund Ltd, JP Morgan Chase, Mastercard, and Visa. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Mastercard and Visa. The Motley Fool Australia owns shares of Altium. The Motley Fool Australia has recommended Mastercard. 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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