“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 ten year 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 ten year investment into the stock back in 2013.
|Average annual return:||-4.13%|
As shown above, the ten year investment result worked out poorly, with an annualized rate of return of -4.13%. This would have turned a $10K investment made 10 years ago into $6,558.84 today (as of 09/28/2023). On a total return basis, that’s a result of -34.42% (something to think about: how might MHK shares perform over the next 10 years?). [These numbers were computed with the Dividend Channel DRIP Returns Calculator.]
More investment wisdom to ponder:
“Anyone who is not investing now is missing a tremendous opportunity.” — Carlos Slim