QQQ - Jerome Powell Just Gave Dividend Investors A Huge Gift
2024-02-09 07:01:12 ET
Summary
- Dividend stocks have taken a beating lately after Chairman Powell expressed little urgency to cut interest rates.
- We turn to Warren Buffett for some sage wisdom on why this is a huge gift to dividend investors.
- We share what we are buying right now.
Warren Buffett of Berkshire Hathaway ( BRK.A )( BRK.B ) once said that:
Jerome Powell Just Gave Dividend Investors A Huge Gift[Falling stock prices are] good for us actually - we're a net buyer of stocks over time. Just like being a net buyer of food - I expect to buy food for the rest of my life, and I hope that food goes down in price tomorrow. Who wouldn't rather buy at a lower price than a higher price? People are really strange on that. They should want the stock market to go down - they should want to buy at a lower price.