“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 Biogen Inc (NASD: BIIB)? Today, we examine the outcome of a ten year investment into the stock back in 2012.
|Average annual return:||7.62%|
As we can see, the ten year investment result worked out well, with an annualized rate of return of 7.62%. This would have turned a $10K investment made 10 years ago into $20,841.54 today (as of 11/10/2022). On a total return basis, that’s a result of 108.42% (something to think about: how might BIIB shares perform over the next 10 years?). [These numbers were computed with the Dividend Channel DRIP Returns Calculator.]
More investment wisdom to ponder:
“To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks.” — Benjamin Graham