In turbulent times like these, expanding your portfolio with quality, diversified, well-priced ASX shares with a proven track record is, I believe, a good way to achieve portfolio stability. Not to mention, help provide the foundation for strong shareholder returns over the next decade and beyond. 

Here are two S&P/ASX 200 Index (ASX: XJO) shares which I believe meet these criteria: Ansell Limited (ASX: ANN) and Brickworks Limited (ASX: BKW).

Ansell

Ansell is involved in the development, manufacturing and sale of gloves and protective personal equipment in the industrial and medical markets.

The manufacturer reported in a business update in late March that it has been experiencing high demand for its hand and body protection products, as these products are industry certified for protection against infections such as the coronavirus. This includes its single-use examination gloves and surgical gloves. These products are very likely to continue seeing strong demand over the next few months as the crisis continues. Although there has been reduced demand for some of its industrial products, the overall demand for Ansell’s product portfolio has been higher over the past few months.

This increased demand has helped drive up its share price. Despite an initial dip in its share price in February and the middle of March, at the time of writing Ansell was at a 52-week high of $34.82.

Even with this recent share price increase, I still think that Ansell offers a relatively good buying opportunity for investors with a long-term investment horizon.

Ansell’s significant size and geographic spread helps the company maintain a very strong competitive position. Also, new product lines position Ansell well to generate growth over the next few years, supported by a strong research and development program.

Brickworks

Brickworks has gained a strong reputation as one of the most consistently performing businesses on the ASX over the past few decades, underpinned by its diversification across a number of divisions.

The group’s Building Products division manufactures and distributes a range of bricks and other masonry products. Its property division owns a significant holding of Washington H. Soul Pattinson and Co. Ltd (ASX: SOL), providing the company with a strong and steady dividend income stream.

Brickworks also has a significant stake in an industrial property trust with Goodman Group (ASX: GMG), which builds and operates a range of property for industrial businesses.

Although there is always the risk of a further downturn in the building industry, I believe that the significant fall in its share price since late February by more than 30%, now offers investors a relatively good buying opportunity.

Brickworks shares also currently offer an attractive trailing dividend yield of 4.27%, which grosses up to 6.1% with full franking.

More reading

• ASX 200 shares to buy for growth and income
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• 3 ASX 200 shares to watch this week
• Replace your term deposit with these dividend shares
• 5 ASX 200 winners and 4 losers of last week

Motley Fool contributor Phil Harpur has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended Ansell Ltd. 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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At the weekend I looked at how $20,000 investments in a number of ASX shares have fared over the last decade.

Given the success of these investments, today I thought I would look at a few shares which I think investors ought to invest $20,000 into today for the next 10 years.

Here why I think these three top ASX shares could provide strong returns for investors:

Bravura Solutions Ltd (ASX: BVS)

Bravura Solutions is a fintech company providing software and services to the wealth management and funds administration industries. The key product in its portfolio is the Sonata wealth management platform. Sonata allows users to connect and engage with their clients anytime, anywhere, through computers, tablets or smartphones. It is proving to be very popular with financial institutions due to the way it simplifies legacy client systems into one unified customer-centric solution. Also supporting its growth in the future will be the recent acquisitions of Midwinter and Finocomp. These have strengthened its offering and opened the company up to new and lucrative markets.

Jumbo Interactive (ASX: JIN)

Another option for that $20,000 investment is Jumbo. It is an online lottery ticket seller and the operator of the Oz Lotteries website. Its shares have fallen heavily in recent months due to concerns over its slowing growth. However, this has been caused by an increased investment in the future growth of its software-as-a-service (SaaS) business. I think this selling has been overdone and created a buying opportunity for investors. Especially when you consider its massive market opportunity. Last year management noted that approximately 7% of the world’s lottery tickets are sold online. This implies that 93% of a ~US$300 billion global market has yet to transition online. Jumbo is aiming to grow its ticket sales to $1 billion per annum by FY 2022, which is still only scratching at the surface of the overall market.

NEXTDC Ltd (ASX: NXT)

Another ASX share for investors to consider investing $20,000 into is NEXTDC. I think it is a great way to gain exposure to the rapidly growing cloud computing market. This is because NEXTDC’s world class data centres have been experiencing a material increase in demand for capacity over the last few years. And with more infrastructure expected to shift over to the cloud in the next decade, it looks well-positioned to profit greatly.

More reading

• 3 explosive ASX growth shares to buy
• Why this ASX infrastructure company could help protect your portfolio in a downturn
• 3 mid cap ASX growth shares to buy for monster returns
• 1 ASX growth company I’d buy with $2,000
• Why I’d invest $1,000 in this ASX tech share today

James Mickleboro owns shares of NEXTDC Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Jumbo Interactive Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Bravura Solutions Ltd. The Motley Fool Australia has recommended Bravura Solutions Ltd and Jumbo Interactive Limited. 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 $20,000 into ASX shares right now appeared first on Motley Fool Australia.

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