“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 decade-long 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 decade-long investment into the stock back in 2013.
|Average annual return:||18.62%|
As shown above, the decade-long investment result worked out exceptionally well, with an annualized rate of return of 18.62%. This would have turned a $10K investment made 10 years ago into $55,154.28 today (as of 07/13/2023). On a total return basis, that’s a result of 451.62% (something to think about: how might BSX shares perform over the next 10 years?). [These numbers were computed with the Dividend Channel DRIP Returns Calculator.]
More investment wisdom to ponder:
“Price is what you pay. Value is what you get.” — Warren Buffett