Where to invest $10,000 in ASX 200 shares this week

Altium Limited (ASX:ALU) shares are one of three that I would invest $10,000 into this week. Here's why…

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If you have $10,000 sitting in your savings account then now could arguably be a good time to consider investing it into the share market following the recent mini market meltdown.

This is because a number of high quality ASX shares have been dragged notably lower over the past couple of days and look attractively priced for a long-term investment.

Here are three that I would consider buying after the market volatility subsides:

Altium Limited (ASX: ALU)

This design software company's shares have dropped over 11% since the start of the week. Whilst this still doesn't make Altium's shares conventionally cheap, I believe they are good value based on its current growth profile. Altium provides an award-winning printed circuit board (PCB) design software which I believe could experience increasingly strong demand over the next decade thanks to the Internet of Things (IoT) boom. Worldwide technology spending on IoT is expected to reach a massive US$1.2 trillion in 2022. And as the vast majority of IoT devices have PCBs inside them, Altium appears well-placed to profit.

Bravura Solutions Ltd (ASX: BVS)

Bravura is a leading provider of software and services to the wealth management and funds administration industries. The market selloff has put pressure on its shares this week and dragged them 7% lower. This, combined with the share price decline following its failed takeover approach of GBST Holdings Limited (ASX: GBT), means its shares are now down almost 30% since peaking at a 52-week high of $6.27 in May. Whilst missing out on GBST was disappointing, I believe the company's Sonata wealth management platform has enormous potential and can singlehandedly drive above-average earnings growth over the long term.

Webjet Limited (ASX: WEB)

The shares of this online travel agent have dropped 4.5% since the start of the week, which means they are now changing hands at 22x estimated full year earnings. I think this makes them great value given Webjet's strong long-term growth potential thanks to the popularity of its numerous brands, its focus on margin improvement, and the continued shift to online travel booking from brick and mortar stores.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Bravura Solutions Ltd. The Motley Fool Australia owns shares of Altium. The Motley Fool Australia has recommended GBST Holdings Limited and Webjet 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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