Business
How to become rich by investing $1,000 into ASX shares – Motley Fool Australia
I believe that investing $1,000 into Altium Limited (ASX:ALU) and this ASX share could make you rich in the future….
If you can afford to invest $1,000 into the share market on a quarterly basis, then I think it would be well worth doing. Especially if you have a long investment time horizon.
This is because over the last 30 years, the Australian share market has generated an average total return of 9.2% per annum.
If the local share market were to do that over the next 30 years and you invested $1,000 every three months (and earned the same return), your investments would be worth a cool $626,000 at the end…
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