These ASX shares have generated strong returns over the last 10 years…
The post $20,000 invested in these ASX shares 10 years ago is worth how much now? appeared first on The Motley Fool Australia. –
Iâm 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.
With that in mind, hereâs how you would have fared if you had invested in these ASX shares in 2012:
NEXTDC LtdÂ (ASX: NXT)
If you had bought this data centre operatorâs shares 10 years ago, you would have done very well for yourself. Thanks to the structural shift to the cloud and its world class portfolio of data centres across Australia, NextDC has delivered consistently strong revenue and EBITDA growth.
This has led to the companyâs shares generating an average total return of 19.94% per annum over the period. This means that if you had invested $20,000 into NextDCâs shares back in 2012, you would have grown your investment to a sizeable $123,000 today.
ResMed Inc.Â (ASX: RMD)
Another ASX share that has smashed the market over the last decade is sleep treatment focused medical device company ResMed. Like NextDC, it has delivered consistently solid sales and earnings growth over the period. This has been driven by its industry-leading sleep treatment solutions and the growing awareness and prevalence of sleep disorders.
ResMedâs strong operating performance has led to its shares generating a total average return of 26.84% per annum for investors since 2012. This means that anyone lucky enough to have invested $20,000 into the companyâs shares 10 years ago, would have seen the value of their investment grow to be worth a massive ~$215,000 today.
The post $20,000 invested in these ASX shares 10 years ago is worth how much now? appeared first on The Motley Fool Australia.
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* 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
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*Returns as of July 7 2022
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Motley Fool contributor James Mickleboro has positions in NEXTDC Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended ResMed Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has positions in and has recommended ResMed Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.