2 Warren Buffett Stocks to Buy for Passive Income During the Tech Sell-Off
The stock market has been unpredictable in recent months, and as a result, investors have headed for the exits. The S&P 500 has contracted 14% year to date, and the Nasdaq Composite, which comprises a wider range of speculative growth stocks, has drawn back 22% over the same time period.
This is unsurprising considering the current state of the global economy. With inflation ascending to 40-year highs, the Fed's decision to conduct numerous interest rate hikes in response, as well as unresolved issues bound to the Russo-Ukrainian war, investors have fallen out of love with high-priced growth stocks.
Such types of companies never interested the great Warren Buffett, who is famous for picking low-value stocks with resilient business models and attractive dividend yields. It's during times of considerable uncertainty that Buffett's wisdom and investing strategy come in handy the most. After all, the star stock picker is quoted for saying, "Only when the tide goes out do you discover who's been swimming naked."
Source Fool.com
