“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”
— Warren Buffett
The Warren Buffett investment philosophy calls for a long-term investment horizon, where a decade-long holding period, or even longer, would fit right into the strategy. How would such a strategy have worked out for an investment into Incyte Corporation (NASD: INCY)? Today, we examine the outcome of a decade-long investment into the stock back in 2009.
|Average annual return:||35.18%|
As we can see, the decade-long investment result worked out exceptionally well, with an annualized rate of return of 35.18%. This would have turned a $10K investment made 10 years ago into $203,762.58 today (as of 07/18/2019). On a total return basis, that’s a result of 1,937.84% (something to think about: how might INCY shares perform over the next 10 years?). [These numbers were computed with the Dividend Channel DRIP Returns Calculator.]
Here’s one more great investment quote before you go:
“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.” — George Soros