ASX 200 shares are starting to rebound after a tough start to 2020. The S&P/ASX 200 Index (ASX: XJO) is down 13.53% this year with some of the blue-chip shares down considerably more.
So in this up and down share market, here’s where I’d be investing $5,000 today.
Where to invest $5,000 in ASX 200 shares today
I like to stick to the large-cap shares when things are tough. There are some hard times ahead for the ASX banks but I think the National Australia Bank Ltd. (ASX: NAB) share price could be in the buy zone.
NAB shares are down 32.44% this year. This could mean the bank is in trouble, or that it is undervalued.
I think the bank dividend cuts have spooked some investors. There have also been significant impairments as the coronavirus pandemic continues to hit balance sheets.
However, I think the Aussie banks will remain a significant part of our economy. That means ASX 200 bank shares could be undervalued if corporate earnings bounce back quicker than expected.
I also consider CSL Limited (ASX: CSL) to be a good buy right now. The Aussie biotech share closed at $291.00 on Friday afternoon but has since surged to $307.63.
There’s been strong support for the CSL share price around the $290 to $300 mark in recent times. Given the current circumstances, ASX healthcare shares could be a solid buy right now.
Another ASX 200 share worth a look at today is Newcrest Mining Limited (ASX: NCM). Newcrest is a leading ASX gold miner and could benefit from the volatile share market.
Investors tend to flock to gold in times of uncertainty. That’s good news for the Newcrest share price, despite the fact it has already climbed 5.26% higher in 2020.
Foolish takeaway
There are a number of ASX 200 shares that are in the buy zone right now. The volatile market has created buying opportunities for patient investors with a long-term investment horizon.
For more long-term buys, check out these 5 ASX shares for the right price today!
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More reading
- 3 easy rules for building a massive ASX share portfolio
- Where will the Coles share price be in 1 year?
- Tax planning for ASX 200 investors
- Is the BHP share price a buy?
- 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 CSL Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. 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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