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“When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.”

— Warren Buffett

The Warren Buffett investment philosophy calls for a long-term investment horizon, where a twenty year holding period, or even longer, would fit right into the strategy. How would such a strategy have worked out for an investment into Boston Scientific Corp. (NYSE: BSX)? Today, we examine the outcome of a twenty year investment into the stock back in 2003.

Start date: 01/21/2003


End date: 01/17/2023
Start price/share: $22.03
End price/share: $46.04
Starting shares: 453.93
Ending shares: 453.93
Dividends reinvested/share: $0.00
Total return: 108.99%
Average annual return: 3.75%
Starting investment: $10,000.00
Ending investment: $20,883.63

As shown above, the twenty year investment result worked out as follows, with an annualized rate of return of 3.75%. This would have turned a $10K investment made 20 years ago into $20,883.63 today (as of 01/17/2023). On a total return basis, that’s a result of 108.99% (something to think about: how might BSX shares perform over the next 20 years?). [These numbers were computed with the Dividend Channel DRIP Returns Calculator.]

More investment wisdom to ponder:
“Finding the best person or the best organization to invest your money is one of the most important financial decisions you’ll ever make.” — Bill Gross