Most investors spend a lot of time looking for the next big winner. They scan headlines, chase upgrades, and wait for breakouts.
But one simple habit has quietly built far more wealth for long-term ASX investors than stock picking ever has. It is consistency.
The power of steady investing
Imagine investing $1,000 every month into high-quality ASX shares and earning an average 10% annual return over time. That is not guaranteed, but it is broadly in line with long-term share market returns.
After 10 years, you would have invested $120,000. At a 10% annual return, the portfolio could be worth around $200,000.
After 20 years, total contributions of $240,000 could grow to roughly $725,000. Then after 30 years, $360,000 invested over time could become more than $2 million.
The biggest driver in that equation is not timing. It is time.
What does consistency look like?
Consistency does not mean buying random ASX shares each month. It means steadily allocating capital to businesses with strong long-term growth potential.
That could include shares such as ResMed Inc. (ASX: RMD), which benefits from long-term healthcare demand, or REA Group Ltd (ASX: REA), which has entrenched dominance in online property listings, or Macquarie Group Ltd (ASX: MQG), which has built a global infrastructure and asset management platform.
For investors who prefer broader exposure, exchange traded funds (ETFs) like the iShares S&P 500 ETF (ASX: IVV) or the VanEck Morningstar Wide Moat ETF (ASX: MOAT) can provide diversified access to high-quality global businesses.
The key is not which specific name you choose. It is sticking with the habit.
Why most investors struggle
In many respects, the challenge is emotional. When markets fall, investing feels uncomfortable. When markets rise sharply, it feels tempting to wait for a pullback.
But long-term wealth is often built by investing through both.
Markets will have corrections. Growth stocks will sell off. Headlines will look scary from time to time. Yet over decades, quality ASX shares tend to expand earnings and reward patient shareholders.
Foolish takeaway
There is nothing exciting about investing the same amount every month.
But by removing emotion, ignoring noise, and committing to a steady plan, investors give compounding the time it needs to do its job. Over years and decades, those small, repeated decisions can snowball into life-changing sums with ASX shares.
The post How to build serious wealth with ASX shares appeared first on The Motley Fool Australia.
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More reading
- The easiest way to get rich and retire a millionaire with ASX shares
- Why I would buy ResMed and these quality blue chips now
- 3 ASX ETFs for beginner investors to buy in March
- The sleep easy ETF portfolio to survive market crashes
- Where to invest $10,000 in ASX 200 shares in March
Motley Fool contributor James Mickleboro has positions in REA Group, ResMed, and VanEck Morningstar Wide Moat ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group, ResMed, and iShares S&P 500 ETF. The Motley Fool Australia has positions in and has recommended Macquarie Group and ResMed. The Motley Fool Australia has recommended VanEck Morningstar Wide Moat ETF and iShares S&P 500 ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.