2 ASX shares with millionaire-maker potential

MotleyFool02-14

Becoming wealthy with ASX shares is a goal that many of us share. And while there are no guarantees which the share market, history shows that it is possible to become a millionaire through investing ...

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href=https://www.fool.com.au/2024/02/14/2-asx-shares-with-millionaire-maker-potential/><strong>MotleyFool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Becoming wealthy with ASX shares is a goal that many of us share.\nAnd while there are no guarantees which the share market, history shows that it is possible to become a millionaire through investing ...</p>\n\n<a href=\"https://www.fool.com.au/2024/02/14/2-asx-shares-with-millionaire-maker-potential/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BJJMRX11.SGD","symbol_name":"Janus Henderson Balanced A Acc 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investors may be better off looking for ASX shares with explosive growth and proven business models and allowing them a little more time to grow your wealth.Two ASX shares that brokers are tipping to have extremely bright futures are location technology company Life360 Inc  and quick service restaurant solutions company TASK Group Holdings Limited .Whether they will be millionaire-","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","MCD":"麦当劳","BK4581":"高盛持仓","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","TSK.AU":"TASK Group Holdings","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","BK4006":"钢铁","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK7506":"金矿股","BK4534":"瑞士信贷持仓","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS 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Balanced A Acc SGD-H"},"translate_title":"2 ASX股票具有百万富翁潜力","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMR":1,"WC8.AU":1,"TSK.AU":1,"MCD":1,"360.AU":1},"content_text":"Becoming wealthy with ASX shares is a goal that many of us share.\nAnd while there are no guarantees which the share market, history shows that it is possible to become a millionaire through investing in high quality ASX shares.\nGenerally, this takes a long period of consistent investing, allowing compounding to work its magic.\nHowever, every so often the Australian share market has produced a few ASX shares that do all the heavy lifting for you (and quickly).\nThese are millionaire-maker shares.\nThey are usually labelled this if they generate a return of 1,000% over a period of time.\nThat's because this return would turn a $10,000 investment in a cool $1 million.\nMillionaire-maker ASX shares\nA recent example of a millionaire-maker ASX share is Wildcat Resources Ltd (ASX: WC8).\nLess than 12 months ago the lithium explorer's shares were changing hands for 3 cents per share.\nThis means that if you had invested $10,000 into Wildcat's shares, you would have picked up approximately 3.33 million units.\nToday they are trading at around 47 cents, which values that holding at over $1.5 million.\nThough, it is worth highlighting that sinking $10,000 into a mining stock with a 3 cents share price is more or less gambling unless you really know what you're doing. Investors (or speculators) frequently lose large sums of money from taking a punt on a penny stock.\nSo, investors may be better off looking for ASX shares with explosive growth and proven business models and allowing them a little more time to grow your wealth.\nBut which ASX shares?\nTwo ASX shares that brokers are tipping to have extremely bright futures are location technology company Life360 Inc (ASX: 360) and quick service restaurant solutions company TASK Group Holdings Limited (ASX: TSK).\nGoldman Sachs currently has a buy rating and $10.50 price target on Life360's shares. It notes that the company has a US$12 billion opportunity (and growing). Whereas it is currently reporting annualised monthly revenue (AMR) of $259.1 million.\nAs for TASK Group, Bell Potter has a buy rating and 59 cents price target on its shares. Its products are used by Guzman Y Gomez for point of sale, data warehouse, enterprise management, online ordering, and loyalty. It also counts McDonald's Corp (NYSE: MCD) as a customer.\nWhether they will be millionaire-maker ASX shares, only time will tell. But they're certainly worth a closer look.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2411511360"}