I'm a big advocate of buy and hold investing and believe it is the best way for investors to grow their wealth.
In light of this, to demonstrate how successful it can be, I occasionally 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 now.
This time around I have picked out the two ASX shares that are listed below:
Breville Group Ltd (ASX: BRG)
It may not be an exciting tech share, but this appliance manufacturer has got its shareholders very excited over the last decade with some big returns. This has been driven by Breville's consistently solid sales and earnings growth, which has been underpinned by the company's ongoing investment into research and development, some high quality acquisitions, and its ongoing global expansion.
Over the last decade, Breville's shares have thoroughly beaten the market with an average total return of 16.1% per annum. This would have turned a $20,000 investment into a sizable $89,000 today.
Corporate Travel Management Ltd (ASX: CTD)
This corporate travel specialist has been a great place to invest over the last decade. During this time, Corporate Travel Management has gone from being a small cap flying largely under the radar into one of the leaders in the industry.
This has led to significant revenue and earnings growth, which has driven exceptionally strong returns for its lucky shareholders. And that's despite the fact that its shares are trading nowhere near their pre-COVID highs. Since this time in 2012, Corporate Travel Management's shares have generated an average total return of 23.4% per annum. This would have turned a $20,000 investment into a whopping $164,000 today.
