Stocks and Investing
Stocks and Investing
Mon, January 27, 2025
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Sun, January 26, 2025
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How to build a $1 million portfolio from zero with ASX shares
- Dreaming of a seven figure investment portfolio? Here's how you could aim to achieve it. The post How to build a $1 million portfolio from zero with ASX shares appeared first on The Motley Fool Australia.
The article from MSN outlines a strategy for building a $1 million investment portfolio from scratch using ASX (Australian Securities Exchange) shares. It emphasizes the importance of starting early to benefit from compound interest, suggesting that even small, regular investments can grow significantly over time. The piece discusses the power of reinvesting dividends, which can accelerate portfolio growth. It also highlights the need for diversification across different sectors to mitigate risk, and mentions the potential of investing in high-dividend-yielding stocks like those from the ASX 200. The article provides an example where investing $10,000 annually with an average return of 10% could reach the million-dollar mark in about 25 years. Additionally, it advises on the importance of patience, discipline, and possibly seeking financial advice to tailor an investment strategy to one's personal financial situation and risk tolerance.
Read the Full MSN Article at:
[ https://www.msn.com/en-au/money/top-stocks/how-to-build-a-1-million-portfolio-from-zero-with-asx-shares/ar-AA1xTQve ]
Read the Full MSN Article at:
[ https://www.msn.com/en-au/money/top-stocks/how-to-build-a-1-million-portfolio-from-zero-with-asx-shares/ar-AA1xTQve ]
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