“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 FleetCor Technologies Inc (NYSE: FLT)? Today, we examine the outcome of a five year investment into the stock back in 2016.
|Average annual return:||9.86%|
As we can see, the five year investment result worked out well, with an annualized rate of return of 9.86%. This would have turned a $10K investment made 5 years ago into $16,002.87 today (as of 08/10/2021). On a total return basis, that’s a result of 60.04% (something to think about: how might FLT shares perform over the next 5 years?). [These numbers were computed with the Dividend Channel DRIP Returns Calculator.]
One more piece of investment wisdom to leave you with:
“The greater the passive income you can build, the freer you will become.” — Todd Fleming