“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 ten year holding period, or even longer, would fit right into the strategy. How would such a strategy have worked out for an investment into AutoZone, Inc. (NYSE: AZO)? Today, we examine the outcome of a ten year investment into the stock back in 2010.
|Average annual return:||18.39%|
The above analysis shows the ten year investment result worked out exceptionally well, with an annualized rate of return of 18.39%. This would have turned a $10K investment made 10 years ago into $54,094.14 today (as of 05/01/2020). On a total return basis, that’s a result of 440.96% (something to think about: how might AZO shares perform over the next 10 years?). [These numbers were computed with the Dividend Channel DRIP Returns Calculator.]
More investment wisdom to ponder:
“Most investors want to do today what they should have done yesterday.” — Larry Summers