“I buy on the assumption that they could close the market the next day and not reopen it for five years.”
— Warren Buffett
The Warren Buffett investment philosophy calls for a long-term investment horizon, where a five year holding period, or even longer, would fit right into the strategy. How would such a strategy have worked out for an investment into United Rentals Inc (NYSE: URI)? Today, we examine the outcome of a five year investment into the stock back in 2014.
|Average annual return:||6.12%|
As shown above, the five year investment result worked out well, with an annualized rate of return of 6.12%. This would have turned a $10K investment made 5 years ago into $13,458.18 today (as of 05/14/2019). On a total return basis, that’s a result of 34.57% (something to think about: how might URI shares perform over the next 5 years?). [These numbers were computed with the Dividend Channel DRIP Returns Calculator.]
Here’s one more great investment quote before you go:
“Spend each day trying to be a little wiser than you were when you woke up.” — Charlie Munger