“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 Mylan NV (NASD: MYL)? Today, we examine the outcome of a decade-long investment into the stock back in 2009.
| Start date: | 08/14/2009 |
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| End date: | 08/13/2019 | ||||
| Start price/share: | $13.99 | ||||
| End price/share: | $19.72 | ||||
| Starting shares: | 714.80 | ||||
| Ending shares: | 714.80 | ||||
| Dividends reinvested/share: | $0.00 | ||||
| Total return: | 40.96% | ||||
| Average annual return: | 3.49% | ||||
| Starting investment: | $10,000.00 | ||||
| Ending investment: | $14,093.69 | ||||
The above analysis shows the decade-long investment result worked out as follows, with an annualized rate of return of 3.49%. This would have turned a $10K investment made 10 years ago into $14,093.69 today (as of 08/13/2019). On a total return basis, that’s a result of 40.96% (something to think about: how might MYL 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:
“Sentimentality about an investments leads to lack of discipline.” — Sam Zell
