I’m a big fan of buy and hold investing and believe it is one of the best ways 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 two ASX shares that are listed below:
CSL Limited (ASX: CSL)
The CSL share price has generated strong returns for investors over the last decade. This has been driven by consistently solid profit growth underpinned by strong demand for its immunoglobulins, its high level of investment in research and development, and successful acquisitions. Over the period, the company’s shares have provided a total return of 23.7% per annum, which would have turned a $20,000 investment in 2012 into almost $170,000 today.
Goodman Group (ASX: GMG)
Thanks to the expert positioning of this integrated industrial property company’s portfolio to in-demand areas such as ecommerce and logistics, Goodman has been a market beater over the last 10 years. During this time, Goodman’s shares have delivered a total return of 21.8% per annum. This means that if you would have invested $20,000 into its shares 10 years ago, it would now be worth almost $145,000.
SEEK Limited (ASX: SEK)
This job listings giant has been a great place to invest over the last decade. Thanks to its domination of the local market and its growing international operations, SEEK has delivered solid revenue and earnings growth over the period in question. This has ultimately led to the company’s shares generating a total return of 17.3% per annum since 2012. Which would have turned $20,000 into just under $100,000.
The post $20k invested in these ASX shares 10 years ago is now worth… appeared first on The Motley Fool Australia.
Wondering where you should invest $1,000 right now?
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Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.
*Returns as of January 12th 2022
More reading
- The CSL (ASX:CSL) share price has struggled to gain traction in 2022. Does that make it cheap?
- 3 blue chip ASX 200 shares analysts are tipping as buys
- You can’t pick the bottom, but these 4 ASX shares are already bargains: expert
- Why CSL, Incitec Pivot, Lake Resources, and St Barbara are pushing higher
- CSL (ASX:CSL) share price lifts following new regulatory approval
Motley Fool contributor James Mickleboro owns SEEK Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended CSL Ltd. The Motley Fool Australia has recommended SEEK Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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