“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.
| Start date: | 07/15/2013 |
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| End date: | 07/13/2023 | ||||
| Start price/share: | $9.57 | ||||
| End price/share: | $52.79 | ||||
| Starting shares: | 1,044.93 | ||||
| Ending shares: | 1,044.93 | ||||
| Dividends reinvested/share: | $0.00 | ||||
| Total return: | 451.62% | ||||
| Average annual return: | 18.62% | ||||
| Starting investment: | $10,000.00 | ||||
| Ending investment: | $55,154.28 | ||||
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
