Warren Buffett will step down as Berkshire Hathaway CEO at the end of the year while remaining board chair and retaining influence over operations. Greg Abel will assume the chief executive role and is likely to continue a similar investment approach. Berkshire Hathaway is up 7% year-to-date but is trailing the S&P 500 and the Nasdaq. Buffett is known for long-term buy-and-hold investing and a broad portfolio of public and private holdings. With interest rates expected to decline, dividend-paying stocks in the portfolio are positioned to benefit. Four dividend-paying stocks were identified as Buy-rated, suitable for growth and income portfolios.
For years, the "Oracle of Omaha" has had a rock-star-like presence in the investing world, and his annual Berkshire Hathaway Inc. ( NYSE: BRK-B) shareholders meeting draws thousands of loyal fans who are investors. They were stunned at this year's meeting when Buffett announced that he would be stepping down as CEO of the investment giant at the end of the year.
With interest rates poised to decline, it makes sense to consider adding Buffett's dividend-paying stocks, which are expected to rally as bond yields fall. We screened the current portfolio and identified four stocks that investors can buy now and hold for the long term. All are rated Buy at top Wall Street firms, and all are excellent additions to growth and income portfolios.
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