2 ASX growth shares that could turn $10,000 into $100,000 by 2040

MotleyFool10-23

There are a handful of ASX growth share investments with the potential to grow tenfold over the next 16 years, in my opinion. Huge businesses like BHP Group Ltd (ASX: BHP) and Commonwealth Bank of ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2477836083?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-23 04:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2477836083","market":"us","top_or_hot":-1,"title":"2 ASX growth shares that could turn $10,000 into $100,000 by 2040","media":"MotleyFool","content":"<div>\n<p>There are a handful of ASX growth share investments with the potential to grow tenfold over the next 16 years, in my opinion.\nHuge businesses like BHP Group Ltd (ASX: BHP) and Commonwealth Bank of ...</p>\n\n<a href=\"https://www.fool.com.au/2024/10/23/2-asx-growth-shares-that-could-turn-10000-into-100000-by-2040/\">Source Link</a>\n\n</div>\n","source":"motleyfoolau_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2 ASX growth shares that could turn $10,000 into $100,000 by 2040</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2 ASX growth shares that could turn $10,000 into $100,000 by 2040\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-23 04:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2024/10/23/2-asx-growth-shares-that-could-turn-10000-into-100000-by-2040/><strong>MotleyFool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There are a handful of ASX growth share investments with the potential to grow tenfold over the next 16 years, in my opinion.\nHuge businesses like BHP Group Ltd (ASX: BHP) and Commonwealth Bank of ...</p>\n\n<a href=\"https://www.fool.com.au/2024/10/23/2-asx-growth-shares-that-could-turn-10000-into-100000-by-2040/\">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":"TPW.AU","symbol_name":"TEMPLE & WEBSTER GROUP LTD","start_time":0,"source_url":"https://www.fool.com.au/2024/10/23/2-asx-growth-shares-that-could-turn-10000-into-100000-by-2040/","article_id":"2477836083","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477836083","pubTimestamp":1729627200,"sourceInfo":{"source_id":"motleyfoolau_stock","name":"MotleyFool"},"weMediaInfo":null,"summary":"There are a handful of ASX growth share investments with the potential to grow tenfold over the next 16 years, in my opinion.Huge businesses like BHP Group Ltd  and Commonwealth Bank of Australia  are unlikely to grow that much because they are already very mature businesses with substantial customer bases.It's easier for smaller businesses to deliver this sort of compounding growth over the long term. They are starting from a much smaller base — think how much easier it would be to grow from $1 billion to $10 billion than from $100 billion to $1 trillion.An investment that increases tenfold in value over 16 years would need to rise at a compound annual growth rate  in the mid-teens. In other words, a return of approximately 15% per annum is required.If I had to select two ASX growth share investments that I believe are capable of that sort of return, I'd choose the two below.The company aims to double its size in the next few years and reach $1 billion in annual sales.","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"TPW.AU":"TEMPLE & WEBSTER GROUP LTD","BK4550":"红杉资本持仓","XKO.AU":"标普/澳交所 300指数","BK4159":"经销商","BK7135":"综合性银行","CBA.AU":"COMMONWEALTH BANK OF AUSTRAL","CAGR":"California Grapes International, Inc.","BK7511":"ESG概念","BK7507":"资源股","BK7095":"多种金属与采矿","MOAT.AU":"VANECK MORNINGSTAR WIDE MOAT","BK7049":"互联网与直销零售","BK7107":"家庭装饰零售","ETF.AU":"UBS IQ Research Preferred AU Share","BK4585":"ETF&股票定投概念","BK4588":"碎股","FDN":"First Trust Dow Jones Internet I","BHP.AU":"BHP GROUP LTD"},"translate_title":"到2040年，2只ASX成长股可能将10,000美元变成100,000美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XKO.AU":1,"TPW.AU":1,"MOAT.AU":1,"ETF.AU":1,"CBA.AU":1,"CAGR":1,"BHP.AU":1,"FDN":0.9},"content_text":"There are a handful of ASX growth share investments with the potential to grow tenfold over the next 16 years, in my opinion.\nHuge businesses like BHP Group Ltd (ASX: BHP) and Commonwealth Bank of Australia (ASX: CBA) are unlikely to grow that much because they are already very mature businesses with substantial customer bases.\nIt's easier for smaller businesses to deliver this sort of compounding growth over the long term. They are starting from a much smaller base — think how much easier it would be to grow from $1 billion to $10 billion than from $100 billion to $1 trillion.\nAn investment that increases tenfold in value over 16 years would need to rise at a compound annual growth rate (CAGR) in the mid-teens. In other words, a return of approximately 15% per annum is required.\nIf I had to select two ASX growth share investments that I believe are capable of that sort of return, I'd choose the two below.\nVanEck Morningstar Wide Moat ETF (ASX: MOAT)\n\nI'm a big fan of this exchange-traded fund (ETF) because it provides Australians with exposure to some of the highest-quality businesses listed in the United States.\nGood companies have competitive advantages that set them apart from their rivals and make it hard to be effectively challenged. Also called an economic moat, those competitive advantages can take different forms, such as brand power, patents, regulations and licenses, cost advantages, and network effects.\nThe MOAT ETF only invests in companies with strong economic moats that are predicted by Morningstar analysts to more likely than not endure for at least two decades.\nBut, on top of its selective investments, the MOAT ETF only invests in those high-quality businesses when they're at an attractive price to what the Morningstar team believe the stock is worth.\nThere is no guarantee the MOAT ETF will continue performing as well as it has. But, since its inception in June 2015, it has returned an average of 15.6%. If $10,000 grew at a CAGR of 15.6% over the next 16 years, it would become worth $101,700.\nTemple & Webster Group Ltd (ASX: TPW)\n\nThis ASX growth share is one of the most promising businesses within the S&P/ASX 200 Index (ASX: XKO), in my opinion.\nIt's a sizeable online retailer of furniture and homewares, selling more than 200,000 products from hundreds of suppliers who send those products directly to customers. This means faster delivery times and a reduced need to hold inventory, which allows a larger product range and enables the company to be capital-light.\nIt also has a trade and commercial division as well as a large range of home improvement products.\nTemple & Webster's offering is resonating with customers. In the FY24 result, revenue rose 26% year over year to $498 million despite its industry being down 4%. Active customers increased by 31% to an all-time high for 1.1 million.\nThe company aims to double its size in the next few years and reach $1 billion in annual sales.\nThis type of company could deliver significant operating leverage as it becomes larger. Temple & Webster has already developed its platform, so it just needs to keep adding sales volume to realise those scale benefits.\nI think the company has many tailwinds that will help its revenue and profit over the next 16 years. Over the years, Aussies have been shopping more online, and this trend could continue in the long term.\nAnother tailwind is that generations like millennials and Generation Z are reaching the higher spending stages of their life.\nFinally, the ASX growth share has the potential to deliver further expansion of its product range or even geographic growth.\nIn the ultra-long term, I think Temple & Webster's accelerating profit can help send its share price much higher in the coming years.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"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":"4.29.1","shortVersion":"4.29.1","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/2477836083"}