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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 DISH Network Corp (NASD: DISH)? Today, we examine the outcome of a five year investment into the stock back in 2017.

Start date: 05/25/2017


End date: 05/24/2022
Start price/share: $63.90
End price/share: $20.71
Starting shares: 156.49
Ending shares: 156.49
Dividends reinvested/share: $0.00
Total return: -67.59%
Average annual return: -20.18%
Starting investment: $10,000.00
Ending investment: $3,240.10

As shown above, the five year investment result worked out poorly, with an annualized rate of return of -20.18%. This would have turned a $10K investment made 5 years ago into $3,240.10 today (as of 05/24/2022). On a total return basis, that’s a result of -67.59% (something to think about: how might DISH shares perform over the next 5 years?). [These numbers were computed with the Dividend Channel DRIP Returns Calculator.]

More investment wisdom to ponder:
“We ignore outlooks and forecasts… we’re lousy at it and we admit it … everyone else is lousy too, but most people won’t admit it.” — Martin Whitman