Passive Income in a Bear Market? 1 Stock Warren Buffett Bought
As we turn the corner toward the final third of 2022 and head into fall, it's clear that 2022 will not go down as a banner year for investors. Major indexes like the S&P 500 and Nasdaq are down 17% and 25%, respectively.
At times like these, while it can be difficult, it's important to keep a long-term perspective and look at the market weakness as a buying opportunity. It can be useful to look to legendary investors like Warren Buffett and to realize that they are still buying stocks and adding to their positions. With prices down, many stocks offer better values, not to mention higher dividend yields.
This makes a bear market a great time to accumulate shares of dividend stocks to build up your passive income over time. Buffett has been doing just that in 2022, as illustrated by one buy in particular: Ally Financial (NYSE: ALLY).
Source Fool.com
