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I own a number of FTSE 100 shares. I see them as a smart way to build long-term wealth.
Footsie shares have been through a tough period in the last few years. But here are two reasons why I’ll continue to buy them.
They deliver
Firstly, they deliver solid returns in the long term.
Stock market volatility is something investors can’t avoid. Markets and companies will go through peaks and troughs. It’s inevitable.
But is there a way to mitigate against this? Well, there is. It’s to invest for the long run. The market has proven over time that the best way to benefit from it is to look at the bigger picture. By that, I mean to think in years and decades, not weeks and months.
The FTSE 100 plummeted 15% in 2020. In 2022, it only rose by around 2%. But since its inception, it has delivered 7% a year on average. That’s proof that patience pays off.
They look cheap
There’s another reason I’m keen…
