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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 2018.

Start date: 03/14/2018


End date: 03/13/2023
Start price/share: $40.50
End price/share: $10.28
Starting shares: 246.91
Ending shares: 246.91
Dividends reinvested/share: $0.00
Total return: -74.62%
Average annual return: -23.98%
Starting investment: $10,000.00
Ending investment: $2,538.86

As we can see, the five year investment result worked out poorly, with an annualized rate of return of -23.98%. This would have turned a $10K investment made 5 years ago into $2,538.86 today (as of 03/13/2023). On a total return basis, that’s a result of -74.62% (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.]

One more investment quote to leave you with:
“The right time for a company to finance its growth is not when it needs capital, but rather when the market is most receptive to providing capital.” — Michael Milken