I am a big believer in buy and hold investing and I believe it is one of the best ways to grow your wealth in the long run. To show how effective it can be, I chose a series of popular ASX shares to see how much a $ 20,000 investment is worth ten years ago. The following are: One of my favorite stocks on the Australian stock market is the biotechnology giant CSL Limited (ASX: CSL). He has been a strong player over the long term thanks to the quality of his products and to the management team and …
I am a big believer in buy and hold investing and I believe it is one of the best ways to grow your wealth in the long run.
To show how effective it can be, I chose a series of popular ASX shares to see how much a $ 20,000 investment is worth ten years ago.
Are as follows:
One of my favorite actions on the Australian stock market is the biotechnology giant CSL Limited (ASX: CSL). He has been a strong player over the long term thanks to the quality of his products and the management team and his high levels of investment in research and development. This led his actions to destroy the market return in the last decade with an average total return of 21.5% per annum. This means that an investment of $ 20,000 in CSL shares 10 years ago would be worth about $ 140,000 today.
Although a poor form of form means that the Domino's Pizza Enterprises Ltd (ASX: DMP) The share price is trading almost 50% less than its historical high, it was still one of the best performers on the local market in the last decade. Thanks to its successful expansion both at home and abroad, Domino shares provided an average total return of 30.4% per annum. This would have transformed a $ 20,000 investment a decade ago into ~ $ 284,000 today.
Thanks to the combination of the growing demand for health services and its international expansion, a private hospital operator Ramsay Health Care Limited (ASX: RHC) was a great place to invest your money for the last 10 years. Over time, the company's shares have provided an average total return of 22.8% per annum, which means that today an investment of $ 20,000 would have grown to $ 156,000.
Finally, thanks to the strong growth of online real estate listings and its position as market leader, REA Group Limited (ASX: REA) The share price has been very successful in the last 10 years. During this period the company's shares provided an average total return of 34.7% per annum. This means that today $ 20,000 invested in the company's shares 10 years ago would have grown to $ 393,000.
While I think all these actions have the potential to be once again market hitters over the next decade, I suspect that these low-cost growth shares may offer even better returns.
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James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australian mother company Motley Fool Holdings Inc. holds shares in CSL Ltd. The Motley Fool Australia has recommended Domino's Pizza Enterprises Limited, Ramsay Health Care Limited and REA Group Limited. We Fools may not all have the same opinions, but we are all convinced that, considering a wide range of insights, we have become better investors. The Motley Fool has a disclosure policy. This article contains only general investment recommendations (with AFSL 400691). Authorized by Scott Phillips.
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