3 ASX 200 shares to kickstart your portfolio in 2020

piggy bank 2020

You might be wondering where to start investing in 2020 and are looking at ASX 200 shares. The S&P/ASX 200 Index (INDEXASX: XJO) is up 4.44% in 2020 as it continues to smash record high after record high.

But if you’ve saved a little nest egg and are looking to dip your toe into the share market, it can be tough to know where to start.

Here are 3 of my top ASX shares to buy right now to get you started with investing in 2020.

Afterpay Ltd (ASX: APT)

The Afterpay share price was one of the top performers in 2019 and I think it is a great place to start investing in 2020. The buy-now, pay-later (BNPL) group continues to see success both in Australia and abroad.

Afterpay now has a presence in Australia, the United States and the United Kingdom and is becoming a serious player on the ASX.

The group’s market capitalisation has swelled to $9.66 billion and in my opinion it could push into the ASX 20 by the end of the year.

With wage growth almost stagnant, the average Aussie isn’t seeing big salary increases and could be more inclined to pay for their purchases with a BNPL provider like Afterpay. Record levels of household debt have similarly restricted consumers’ abilities to pay upfront, making Afterpay an attractive option.

With significant tailwinds behind the company, investing in Afterpay shares in 2020 could be a solid first investment.

CSL Limited (ASX: CSL)

CSL is a bona fide ASX 200 blue chip that could be in the buy zone, in my view. The CSL share price recently hit a new all-time high but that doesn’t mean it is necessarily over-priced.

The Aussie healthcare group pays a 0.74% dividend yield and is up more than 40,000% since its IPO. That means $10,000 invested back in 1994 would be worth over $4,000,000 today.

Significant research and development expenditure has transformed into higher earnings for CSL, with a strong pipeline still waiting in the wings.

If you want to start investing in 2020, CSL could be a great foundation stock for your new portfolio.

Mirvac Group (ASX: MGR)

Mirvac is another ASX 200 stock that has been rocketing in recent times. The Mirvac share price hit a new 52-week high last week and is up 6.60% to start the year.

The group has a diversified commercial and residential real estate portfolio. As a real estate investment trust (REIT), Mirvac is required to pay out at least 90% of its total profits to shareholders in the form of dividends. Given the trade-off between dividends and growth, that means capital gains are a little bonus on top of the 3.66% dividend yield.

If you’re investing your cash in just a few stocks in 2020, Mirvac would be right up there as a solid income option in the ASX 200.

For more great ASX dividend shares this year, check out these 3 high-yield options below!

Top 3 Dividend Shares To Buy For 2020

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Kenneth Hall has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of AFTERPAY T FPO and 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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