2020 has been a crazy ride for many ASX 200 share investors.
The S&P/ASX 200 Index (ASX: XJO) is down 10.6% in 2020 thanks largely to the steep bear market over February and March.
It’s true that investing in the share market isn’t for everyone. There are a lot of factors that should be considered before diving into ASX 200 shares and one of them is time.
I believe if you’re not investing for at least the next 7 to 10 years, it may not be wise to buy right now.
But if you’re looking to invest for the next decade or more, here are a few shares I would buy with $10,000 today.
Where to invest $10,000 in ASX 200 shares for 2030
I like a couple of blue-chip shares in the current market.
The first one I’m looking at right now is Fortescue Metals Group Limited (ASX: FMG).
The Fortescue share price is up 32.7% this year and more than 600% in the last 5 years.
The Aussie iron ore miner could be set for a big decade of growth in the 2020s. I think a strong relationship with China and growing sales to India could be the key to success for Fortescue in the decade ahead.
Combine this with a potential infrastructure boom in the short to medium-term, and Fortescue is one ASX 200 share definitely worth watching right now.
A2 Milk Company Ltd (ASX: A2M) is another ASX blue-chip on my radar.
Just like Fortescue, this dual listed dairy share has seen strong growth over recent years. In fact, the A2 Milk share price has rocketed 26% higher in 2020 alone.
A2 Milk is looking to expand internationally and not just throughout Asia. On top of the lucrative Chinese market, the company is looking to establish a foothold with the brand in Canada.
If A2 Milk can execute on its strategy over the next 10 years, I think it could be worth much more than its current $13.4 billion valuation.
But, it’s not only the blue-chips that I’ve got my eye on. I also like the look of ASX 200 growth shares like Xero Limited (ASX: XRO).
Xero is a leading accounting software provider that targets small and medium enterprises (SMEs). More innovation and a rise in small business participation could be a good thing for Xero sales in the coming years.
If Xero can continue its market domination, then who knows where this Aussie tech share’s price will be in 10 years’ time.
Here are some more ASX shares with strong growth potential in the decades ahead.
One trick to potentially generating life-changing wealth from the stock market is to buy early-stage growth companies when their share prices still look dirt cheap.
Motley Fool’s resident tech stock expert Dr. Anirban Mahanti has identified 5 stocks he thinks are screaming buys. And you can buy them now for less than $5 a share!
*Extreme Opportunities returns as of June 5th 2020
More reading
- Alphabet soup: Is the ASX 200 in for a V-shaped COVID recovery or rolling Ws?
- Ready to invest $5,000? I’d buy these ASX dividend shares today
- How ASX 200 shares like Xero could help you retire early
- Best growth shares to buy with $4,000
- 5 things to watch on the ASX 200 on Wednesday
Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Xero. The Motley Fool Australia owns shares of A2 Milk. 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.
The post Where to invest $10,000 in ASX 200 shares for 2030 appeared first on Motley Fool Australia.
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