I'm a big fan of buy and hold investing and believe it is a great way for investors to grow their wealth.
To show how successful it can be, I like to pick out a number of popular ASX 200 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 two ASX 200 shares that are listed below:
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Goodman Group (ASX: GMG)
This integrated industrial property company has been a great ASX 200 share to own over the last 10 years.
Thanks to its expertly curated portfolio of high-quality industrial properties focused on in-demand areas such as e-commerce and logistics, Goodman has been growing its earnings consistently over the last decade.
This has underpinned market-beating returns for investors over the period. For example, since this time in 2013, Goodman's shares have delivered a total return of 18.1% per annum. This means that if you would have invested $20,000 into its shares 10 years ago, it would now be worth almost $105,000.
TechnologyOne Ltd (ASX: TNE)
Another ASX 200 share that has been a market-beater over the last decade is TechnologyOne. It is one of the region's leading enterprise software providers.
Investors have been buying the company's shares thanks to its stellar growth. This has been underpinned by the quality and stickiness of its software with government and business customers. In addition, the company's recent shift to a software-as-a-service (SaaS) business model and the early success of its expansion into the UK has impressed investors.
Since this time in 2013, TechnologyOne's shares have generated a total return of 22.4% per annum for investors. This means that a $20,000 investment would be worth just over $150,000 today.
