How to turn $20,000 into $225,000 in 10 years with ASX shares

I’m a big fan of buy and hold investing and believe it is the best way for investors to grow their wealth.

To demonstrate how successful it can be, I like to pick out a number of popular ASX shares to see how much a single $20,000 investment 10 years ago would be worth today.

This time around I have picked out the three ASX shares that are listed below:

Aristocrat Leisure Limited (ASX: ALL)

This gaming technology company’s shares have been strong performers since 2011. During this time the company has carved out a leadership position in the poker machine market and has completed a couple of major earnings accretive acquisitions. The acquisitions of Plarium for US$500 million and Big Fish for $1.3 billion opened up the company…