How to turn $20,000 into $240,000 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.

On this occasion, I have picked out the three ASX shares that are listed below:

This electronic product company’s shares have been a great place to invest your money over the last decade. This has particularly been the case over the last five years thanks to the surging gold price and its industry leading metal and gold detectors. Sales have been growing very strongly for…