“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.
|Average annual return:||3.50%|
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