Business
3 ASX shares to turn $10,000 into $100,000 – Motley Fool Australia
Turning $10,000 into $100,000 in ASX shares needs a compound growth rate of ~30%. I believe these 3 companies are a sound 10 year investment
The idea of turning $10,000 into $100,000 is often met with disbelief. Yet, I personally have done this a number of times with ASX shares over the past thirty years. Sure, it’s not an overnight thing. It also takes a degree of courage, especially when you see your companies fall in value by up to 40% at times. However, it is very definitely possible.
If you think back to where you were ten years ago, it seems like a long time, yet it also passed very quickly. If you have $10,000 to invest, then…
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