“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 Akamai Technologies Inc (NASD: AKAM)? Today, we examine the outcome of a decade-long investment into the stock back in 2011.
|Average annual return:||14.99%|
As shown above, the decade-long investment result worked out quite well, with an annualized rate of return of 14.99%. This would have turned a $10K investment made 10 years ago into $40,451.36 today (as of 07/26/2021). On a total return basis, that’s a result of 304.41% (something to think about: how might AKAM 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:
“October is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.” — Mark Twain