5 incredible ASX 200 shares I’d buy with $10,000

Many investors eventually reach a point where they have some spare cash ready to put into the share market.

Whether that money is being used to start a new position, add to an existing holding, or simply take advantage of opportunities in the market, the key question becomes the same: Which companies are worth backing right now?

If I had $10,000 available to invest today, these are five ASX 200 shares I would be happy buying.

HUB24 Ltd (ASX: HUB)

One company that continues to impress me is HUB24.

The wealth platform provider has become one of the fastest-growing financial technology businesses on the Australian share market. Its platform continues to attract strong inflows as financial advisers move client assets onto modern technology platforms.

That shift away from legacy systems toward newer digital platforms still appears to have a long runway. HUB24 has consistently been gaining market share and growing funds under administration, which, in turn, supports rising revenue and earnings.

What I like most about its platform model is the operating leverage. As funds grow on the platform, the company can generate increasing revenue without needing to grow costs at the same pace.

Sigma Healthcare Ltd (ASX: SIG)

Sigma has become a much stronger business following its merger with Chemist Warehouse.

The combined group now brings together one of Australia’s largest pharmaceutical distribution networks with one of the most recognisable pharmacy retail brands in the country.

That combination gives Sigma a powerful position across the healthcare supply chain. It also provides access to the scale and customer reach of the Chemist Warehouse brand, which has expanded rapidly across Australia and internationally.

Healthcare demand tends to be resilient, and with a much larger and more integrated business model in place, Sigma looks positioned to benefit from that demand over the long term.

Lovisa Holdings Ltd (ASX: LOV)

In my view, Lovisa is one of the most impressive retail growth stories on the ASX.

The jewellery retailer has built a simple but highly scalable business model focused on affordable fashion jewellery and rapid product turnover. That model has translated well internationally, allowing Lovisa to expand aggressively across new markets.

What stands out is the pace of store openings. The company continues to add new locations across Europe, North America, and Asia, steadily expanding its global footprint.

With thousands of potential store locations still available worldwide, Lovisa appears to have a very long growth runway ahead. This could be boosted further by its new brand, Jewells. However, it is still early days for its rollout.

BHP Group Ltd (ASX: BHP)

BHP remains one of the most important ASX 200 shares on the Australian market.

The mining giant owns some of the world’s largest and longest-life resources assets, spanning iron ore, copper, coal, and potash.

What particularly attracts me today is BHP’s growing exposure to copper. Copper is expected to play a critical role in electrification, renewable energy, and the global energy transition, which could drive strong demand in the years ahead.

While commodity prices fluctuate, companies with large, low-cost resources often become long-term winners.

Woolworths Group Ltd (ASX: WOW)

Every portfolio benefits from having some defensive businesses.

For me, Woolworths is one of the clearest examples of that on the ASX. The company operates Australia’s largest supermarket chain and generates billions of dollars in recurring grocery sales each year.

Supermarkets tend to perform relatively consistently because people still need to buy food regardless of economic conditions.

Woolworths also continues investing in its supply chain, digital capabilities, and retail network. Those investments should help it maintain its leadership position in the years ahead.

Foolish Takeaway

When I’m looking for ASX 200 shares to buy, I’m usually searching for businesses with strong competitive positions and long-term growth opportunities.

HUB24, Sigma, Lovisa, BHP, and Woolworths each have qualities that I believe make them compelling long-term investments.

The post 5 incredible ASX 200 shares I’d buy with $10,000 appeared first on The Motley Fool Australia.

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Motley Fool contributor Grace Alvino has positions in Hub24 and Lovisa. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Hub24 and Lovisa. The Motley Fool Australia has positions in and has recommended Woolworths Group. The Motley Fool Australia has recommended BHP Group, Hub24, and Lovisa. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.