How to turn $20,000 into $250,000 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:

The Cochlear share price has been a market beater over the last decade. This has been driven by growing demand for hearing solutions products due to ageing populations across the world. In addition to this, the high barriers of entry and its significant investment in research and development has supported its growth and cemented its leadership position. Over the last 10 years,…