“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 Meta Platforms Inc (NASD: META)? Today, we examine the outcome of a decade-long investment into the stock back in 2013.
|Average annual return:||20.56%|
As shown above, the decade-long investment result worked out exceptionally well, with an annualized rate of return of 20.56%. This would have turned a $10K investment made 10 years ago into $64,901.52 today (as of 10/09/2023). On a total return basis, that’s a result of 549.05% (something to think about: how might META shares perform over the next 10 years?). [These numbers were computed with the Dividend Channel DRIP Returns Calculator.]
One more investment quote to leave you with:
“When I was young I thought that money was the most important thing in life; now that I am old I know that it is.” — Oscar Wilde