It's not surprising, then, that several of Buffett's favorite stocks pay dividends -- and at good yields. Here's a look at five of those stocks which, combined, could generate a five-digit passive income stream down the road. Buffett first bought shares of Chevron in 2020.
Ever since the 126-year-old Dow Jones Industrial Average, widely followed S&P 500, and growth stock-powered Nasdaq Composite hit their respective record-closing highs, they've tumbled as much as 19%, 24%, and 34%. The latter two declines put the S&P 500 and Nasdaq in the grip of a bear market for the first time since March 2020. What's more, every big decline in the major U.S. indexes throughout history has served as a stellar buying opportunity for patient investors.
The iconic Dow Jones Industrial Average has had a rough year. Overall, the leading market index has lost more than 15% of its value, weighed down by surging inflation and concerns about the U.S. economy.