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…