“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 Incyte Corporation (NASD: INCY)? Today, we examine the outcome of a ten year investment into the stock back in 2013.
| Start date: | 10/24/2013 |
|
|||
| End date: | 10/23/2023 | ||||
| Start price/share: | $39.82 | ||||
| End price/share: | $55.10 | ||||
| Starting shares: | 251.13 | ||||
| Ending shares: | 251.13 | ||||
| Dividends reinvested/share: | $0.00 | ||||
| Total return: | 38.37% | ||||
| Average annual return: | 3.30% | ||||
| Starting investment: | $10,000.00 | ||||
| Ending investment: | $13,837.00 | ||||
The above analysis shows the ten year investment result worked out as follows, with an annualized rate of return of 3.30%. This would have turned a $10K investment made 10 years ago into $13,837.00 today (as of 10/23/2023). On a total return basis, that’s a result of 38.37% (something to think about: how might INCY shares perform over the next 10 years?). [These numbers were computed with the Dividend Channel DRIP Returns Calculator.]
One more piece of investment wisdom to leave you with:
“Your success in investing will depend in part on your character and guts and in part on your ability to realize, at the height of ebullience and the depth of despair alike, that this too, shall pass.” — Jack Bogle
