“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 Incyte Corporation (NASD: INCY)? Today, we examine the outcome of a ten year investment into the stock back in 2011.
|Average annual return:||17.82%|
The above analysis shows the ten year investment result worked out exceptionally well, with an annualized rate of return of 17.82%. This would have turned a $10K investment made 10 years ago into $51,591.77 today (as of 08/25/2021). On a total return basis, that’s a result of 416.08% (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.]
More investment wisdom to ponder:
“When I was young I thought that money was the most important thing in life; now that I am old I know that it is.” — Oscar Wilde