Business
How to turn $20,000 into $900,000 in 5 years with ASX shares – Motley Fool Australia
A $20,000 investment in Appen Ltd (ASX:APX) and these ASX shares five years ago would have made you very wealthy…
I’m a big fan of buy and hold investing and firmly believe it is the best way for investors to grow their wealth.
To demonstrate how successful it can be, every so often 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’m going to change the formula slightly and look at a 5-year period. This is because there are a few shares which I want to speak about that haven’t actually been listed for a decad…
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