“Someone’s sitting in the shade today because someone planted a tree a long time ago.”
— Warren Buffett
The Warren Buffett investment philosophy calls for a long-term investment horizon, where a two-decade holding period, or even longer, would fit right into the strategy. How would such a strategy have worked out for an investment into Mohawk Industries, Inc. (NYSE: MHK)? Today, we examine the outcome of a two-decade investment into the stock back in 2003.
|Average annual return:||1.22%|
As shown above, the two-decade investment result worked out as follows, with an annualized rate of return of 1.22%. This would have turned a $10K investment made 20 years ago into $12,745.88 today (as of 09/13/2023). On a total return basis, that’s a result of 27.57% (something to think about: how might MHK shares perform over the next 20 years?). [These numbers were computed with the Dividend Channel DRIP Returns Calculator.]
One more investment quote to leave you with:
“Don’t look for the needle in the haystack, just buy the haystack.” — John Bogle