“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 Trimble Inc (NASD: TRMB)? Today, we examine the outcome of a decade-long investment into the stock back in 2013.
| Start date: | 11/01/2013 |
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| End date: | 10/31/2023 | ||||
| Start price/share: | $33.41 | ||||
| End price/share: | $47.13 | ||||
| Starting shares: | 299.31 | ||||
| Ending shares: | 299.31 | ||||
| Dividends reinvested/share: | $0.00 | ||||
| Total return: | 41.07% | ||||
| Average annual return: | 3.50% | ||||
| Starting investment: | $10,000.00 | ||||
| Ending investment: | $14,107.32 | ||||
As we can see, the decade-long investment result worked out as follows, with an annualized rate of return of 3.50%. This would have turned a $10K investment made 10 years ago into $14,107.32 today (as of 10/31/2023). On a total return basis, that’s a result of 41.07% (something to think about: how might TRMB shares perform over the next 10 years?). [These numbers were computed with the Dividend Channel DRIP Returns Calculator.]
More investment wisdom to ponder:
“Cash is a fact, profit is an opinion.” — Alfred Rappaport
