Investing shouldn't be considered a 'get rich quick' scheme. If you're still under that impression then I'm sorry to break it to you but it rarely is!
Rather, investing is the most sustainable 'get seriously rich slowly' strategy I know.
Wondering where to start?
Here's a long-term strategy for wealth accumulation which could help you grow seriously rich…
By saving $400 each week for twenty years and investing those savings into carefully chosen stocks that can produce an annual compound return of 11% this long-term wealth accumulation strategy will result in you investing $416,000 into your portfolio and the portfolio creating another $919,419 via capital appreciation.
Ultimately, after just 20 years you will have created a portfolio valued at $1,335,419!
Of course picking stocks that will give you long-term double-digit returns is no easy task but just because it's hard, doesn't mean it's impossible.
Consider the 10-year returns achieved from the following four widely owned companies…
- Global packaging business Amcor Limited (ASX: AMC) has produced a total shareholder return (TSR) of 14% per annum (pa).
- Hearing device manufacturer Cochlear Limited (ASX: COH) has achieved a TSR of 12.1% pa.
- Global private hospital operator Ramsay Health Care Limited (ASX: RHC) has provided shareholders with a TSR of 24.4% pa.
- Global retail, corporate and wholesale travel agency Flight Centre Travel Group Ltd (ASX: FLT) has achieved a TSR of 18.3% pa.
The future still looks bright
While it's easy to identify top-performing stocks after the fact, it is of course much more difficult to accurately select the future's top-performing stocks.
The above four companies all have international operations and opportunities which provide a long runway of future growth potential. As such, their future prospects remain bright.
