I’m a big fan of buy and hold investing and believe it is the best way 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 three ASX shares that are listed below:
Although the CSL share price is trading some distance from its 52-week high, long term investors won’t be too disgruntled. Thanks to its consistently strong performance over the last decade, CSL shares have thoroughly outperformed the market return. This strong form has been driven by its successful research and development investments, the acquisition of the Novartis influenza…