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Why will you end up being rich, being confident in ASX promotions?



I believe that eventually you will become richer, being positive, not negative with ASX stocks or even with any stocks.

Recently there has been a lot of madness and gloom about where the stock markets are going. It is difficult to separate our feelings from stocks from what we see in Australian politics, US politics, British politics, or even with rising interest rates.

But, I think the last 24 hours have shown how an unexpected change in the investment environment can suddenly make things look much better.

If you think about what the Australian cities looked like 250 years ago, you would think that Sydney, Melbourne, Brisbane, Perth, Adeline, Canberra, Hobart, etc. Just didn’t exist.

Over the past 100 years or even since 2000, Australia has changed a huge amount in 250 years. Great economic value was created, which was shared with Australian shareholders or, indeed, the whole labor force of Australia. Australia (hopefully) will be an even better place to live and will be invested in 20 years.

Shareholders of ultra-long-term companies such as Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) and Australian Investment Fund Ltd. (ASX: AFI) did a very good job in the last century. Many other long-term rising stocks are also great ways to profit from long-term growth.

The Australian economy continues to grow, despite all the wars, terrorist attacks, diseases, economic recessions and bad policies. There are always potential risks. For each actual there are at least three times as many problems potential Problems. there is is always to worry about.

If you were selling stocks every time a bad thing occurred, you would not be part of the recovery or exacerbating profits in the stock market.

When you think about investing in Australia or the United States, just take a look at a ten-year look and you will most likely succeed.

In the short term, people who thought that everything was not going to the dogs, today saw that their shares had risen significantly with stocks such as Altium limited (ASX: ALU) and Costa Group Holdings Ltd (ASX: CGC) registering large profits.

Good to be careful. It's nice to have some money on the side for security and features.

But because of the choice of cash under the mattress or on the stock market over the next 20 years, I would definitely select stock market.

The only thing we ultimately control is the price we decide to buy stocks. Altium and Costa Group are great promotions, but they certainly don’t cheap at today's prices.

5 companies that we like better than the Costa Group

When the stock collector Ace Scott Phillips has a purchase recommendation, the story tells him that he can pay for the audition.

Scott recently revealed that, in his opinion, five best ASX stocks for investors to buy right now … and Costa Group was not one of them! That's right – he believes that these 5 stocks are even better bought.

See 5 stocks


Motley Fool member Tristan Harrison owns the shares of Altium, COSTA GRP FPO and Washington H. Soul Pattinson and Company Limited. Motley Fool Australia owns the stocks and recommended COSTA GRP FPO and Washington H. Soul Pattinson and Company Limited. Motley Fool Australia owns Altium shares. We fools do not all hold the same opinion, but we all believe that considering various ideas helps us better than investors. Motley Fool has a disclosure policy. This article contains only general investment guidelines (in accordance with AFSL 400691). Authorized by Scott Phillips.


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