“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 Mylan NV (NASD: MYL)? Today, we examine the outcome of a five year investment into the stock back in 2015.
|Average annual return:||-17.34%|
As shown above, the five year investment result worked out poorly, with an annualized rate of return of -17.34%. This would have turned a $10K investment made 5 years ago into $3,857.01 today (as of 10/12/2020). On a total return basis, that’s a result of -61.42% (something to think about: how might MYL shares perform over the next 5 years?). [These numbers were computed with the Dividend Channel DRIP Returns Calculator.]
One more investment quote to leave you with:
“Far more money has been lost by investors trying to anticipate corrections, than lost in the corrections themselves.” — Peter Lynch