Business
How to turn $20,000 into $950,000 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:
ARB Corporation Limited (ASX: ARB)
This 4×4 accessories manufacturer has been a bit of a quiet achiever over the last decade. Without much fanfare, ARB has grown its sales, earnings, and dividend at a consistently solid rate over this time. This has been supported by the growing popularity of 4×4 vehicles and increasing demand for its products internationally. This positive form…
-
Noosa News22 hours agoWestern Queensland graziers begin grim stock count after catastrophic floods
-
Noosa News22 hours agoMeet Chad Burgess, Pauline Hanson’s One Nation Party
-
Noosa News24 hours agoHelicopter scrambles to site of air crash on K’gari
-
General21 hours agoTyler Wright soaks up Bells Beach return as poor conditions at Rip Curl Pro sees men’s opening round called off