“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 AutoZone, Inc. (NYSE: AZO)? Today, we examine the outcome of a five year investment into the stock back in 2018.
|Average annual return:||26.12%|
The above analysis shows the five year investment result worked out exceptionally well, with an annualized rate of return of 26.12%. This would have turned a $10K investment made 5 years ago into $31,909.49 today (as of 01/31/2023). On a total return basis, that’s a result of 219.06% (something to think about: how might AZO shares perform over the next 5 years?). [These numbers were computed with the Dividend Channel DRIP Returns Calculator.]
Here’s one more great investment quote before you go:
“Only when the tide goes out do you discover who’s been swimming naked.” — Warren Buffett