Image source: Getty Images
Imagine if we could walk down the high street or drive through an industrial estate, looking at successful and massively profitable businesses, knowing that you owned part of them. The thing is, we can! All the companies in the FTSE 100 index of leading shares on the London market are traded by the investing public.
In fact, I think steady investment over time in carefully chosen FTSE100 companies could help me build serious wealth over the long term. Here’s how.
Tried and tested
First, I ought to explain why I am focusing here on the FTSE 100. After all, many of the country’s largest companies are long-established businesses in mature industries. They may lack the racy growth prospects of smaller, newer firms in the FTSE 250 or the US Nasdaq.
But what they do have is scale. In itself that is not an indication of profitability in the past, or indeed in the future. But overall,…
