Business
How to turn $20k in ASX shares into $1 million in 30 years – Motley Fool Australia
How the average Aussie investor can turn a $20,000 ASX share portfolio into over $1 million in the space of just 30 years…
For ASX share investors, turning a small nest egg into more than $1 million seems impossible. When you make that timeline just 30 years, it seems outrageous.
However, it isn’t impossible and the numbers really do make sense. With some disciplined investing, modest contributions along the way and the magic of compounding returns, a $1 million ASX share portfolio could be within reach.
How the numbers work
I’ve whipped up a very quick example to illustrate just how simple the numbers are. This …
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