A FTSE 100 stock that could create generational wealth

Date:

Image source: Getty Images

Investing in shares can be a wild ride at times. Those who invested in FTSE 100 shares just before the 2008 financial crisis or Covid-19, for instance, would have been left holding their heads in their hands shortly afterwards!

But over the long term, a diversified portfolio of shares can be a significant wealth builder. History shows us that stock markets have always rebounded strongly following economic crises, and that those who ‘bought a ticket’ could reap substantial returns.

During the past 40 years, the Footsie has delivered an average annual return of 8%. It means that someone who invested £300 a month over that period could have made an impressive £1,047,302.

Here’s one FTSE 100 share I believe might generate spectacular generational returns.

Rentals giant

Today, Ashtead Group (LSE:AHT) is a powerhouse in the global rental equipment market. Just before the…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...