Want to make money investing in ASX shares? You need to know this first

I’d bet everyone who has either invested in ASX shares, or wants to, has one goal in mind: making money. Or, to put it in a more palatable way, building wealth.

Everyone knows that it’s possible to build wealth using ASX shares and the share market (as well as lose it). But that’s where the commonalities end.

Some ‘investors’ like to bet big on penny stocks, trying to find that lottery ticket that will deliver a 1,000% return in a week.

Others like to invest only in dividend shares, enjoying the slowly-rising stream of passive income these can generate.

Some investors like to find fast-growing growth companies to hitch their…