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“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.

Start date: 09/27/2016


End date: 09/24/2021
Start price/share: $171.45
End price/share: $267.11
Starting shares: 58.33
Ending shares: 58.33
Dividends reinvested/share: $0.00
Total return: 55.79%
Average annual return: 9.28%
Starting investment: $10,000.00
Ending investment: $15,577.30

As shown above, the five year investment result worked out well, with an annualized rate of return of 9.28%. This would have turned a $10K investment made 5 years ago into $15,577.30 today (as of 09/24/2021). On a total return basis, that’s a result of 55.79% (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.]

More investment wisdom to ponder:
“Never is there a better time to buy a stock than when a basically sound company, for whatever reason, temporarily falls out of favor with the investment community.” — Geraldine Weiss