If you're fortunate enough to have a spare $10,000 to invest right now, ASX 200 shares might be a good bet. The S&P/ASX 200 Index (ASX: XJO) has fallen 19.99% since the start of the year and many shares are in the bargain bin.
Of course, the coronavirus pandemic has presented some economic challenges. Indeed, the economic impact of COVID-19 remains far from clear in 2020 and beyond.
That's why I think a tried and true diversification approach is the best bet right now. Normally, ASX 200 dividend shares are like gold when times are tough.
However, the unprecedented economic shutdown has made some dividend yields misleading. That means I would prefer to invest $10,000 in a diversified strategy across the market.
Without further ado, here are a few ways to invest $10,000 in ASX 200 shares in the current market.
Where to invest $10,000 in ASX 200 shares today
I think great wealth gains can be made by investing $10,000 smartly in a bear market. That's especially the case right now with some great value ASX 200 shares available for cheap prices.
I like the look of Fortescue Metals Group Limited (ASX: FMG) right now. Of course, buying mining shares doesn't come without risks in the current climate but a juicy 8.81% dividend yield is too good for me to ignore.
Chinese demand for minerals has fuelled the Fortescue share price higher in recent years. I'm expecting to see an earnings hit in 2020 as demand stumbles, but I think the long-term outlook remains solid.
The group's shares are trading at dirt-cheap price and I'd invest one-third of my $10,000 into Fortescue as a solid dividend share for my portfolio.
On the other hand, I think some portfolio growth could be a good idea. While Fortescue provides income, I like NextDC Ltd (ASX: NXT) shares for growth.
I'm thinking $8.90 per share is a cheap price for the ASX 200 data centre operator's shares. NextDC shares haven't been smashed, but are still below their 52-week high of $10.40 per share.
A move to more remote working and increased data security could be a boon for NextDC. I'd be investing another third of my $10,000 into NextDC shares for high-growth in the future.
My final third would go towards a diversified share like Wesfarmers Ltd (ASX: WES) for some stability. With a market capitalisation of $41.93 billion and earnings across retail, chemicals and safety products, Wesfarmers shares are where I'd allocate my final $3,333.
