How to turn $20,000 into $650,000 in 5 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.

However, on this occasion I’m going to do things a little differently and change the time scale to just five years. This allows me to look at companies that have not been listed as long as normal.

With that in mind, here’s how you would have fared if you had invested in these ASX shares five years ago:

The Appen share price may be trading significantly lower than its…