It’s hard to know where to invest in ASX shares right now. The S&P/ASX 200 Index (ASX: XJO) has roared back to life after the bear market slump in February and March.
There’s so much uncertainty around the economy with monetary and fiscal policy fighting against the impending Aussie recession.
With all that’s going on, here’s where I’d be looking to invest $2,500 right now.
How to invest $2,500 in ASX shares today
I’m a big believer of the old mantra, ‘time in the market beats timing the market’. Essentially this means that you shouldn’t overthink the current market if you’re investing for the long-term.
The ASX 200 has historically trended upwards which is good news for buy and hold investors.
I think buying high-quality ASX shares is the key to long-term wealth.
This means I’m looking at some of the good value, blue chip shares today. For instance, the BHP Group Ltd (ASX: BHP) share price is one I’ve got my eye on.
BHP shares have fallen lower in 2020 but could be due for a rebound. Strong commodity prices may persist for the rest of 2020 and beyond if we see a global infrastructure boom.
That’s good news for the ASX mining share and its earnings. But it’s not just the mining sector that could be set to gain this year.
It’s hard to ignore the healthcare sector amid the coronavirus pandemic. Healthcare companies generally have non-cyclical earnings and some defensive exposure is often a good thing.
This means I’d be looking at an ASX healthcare share like CSL Limited (ASX: CSL).
CSL shares have slumped below the $300 per share mark in recent weeks. This could present a buying opportunity if you’re bullish on the Aussie biotech’s long-term success.
I think CSL has a strong research and development pipeline as well as a competitive advantage in both its influenza vaccinations and blood plasma segments.
This could mean the ASX healthcare share is due for a rebound back towards the $300 mark and beyond in 2020.
For more shares primed for long-term growth, check out these cheap ASX shares today!
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As of 2/6/2020
More reading
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- Why dividend shares aren’t quite as good as you’d think
- Is this ASX small cap the best placed to benefit from the $700m HomeBuilder grant?
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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