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Today in the stock market: Stocks climb on the back of stronger-than-expected GDP growth, while Tesla experiences a decline.

  Despite Tesla (TSLA) reporting disappointing earnings and a higher-than-expected US economic growth reading, US stocks climbed on Thursday. The Dow Jones Industrial Average (^DJI) gained 0.2%, the S&P 500 (^GSPC) rose 0.4%, extending its record streak from the previous day, and the Nasdaq 100 (^NDX) inched up about 0.6%.  The morning release of the advance estimate for fourth-quarter US gross domestic product (GDP) revealed a robust annualized growth rate of 3.3%, surpassing economists' expectations of 2%. Tesla, in its quarterly results, cautioned about a "notably" slower growth in electric vehicle production, missing profit forecasts. CEO Elon Musk expressed concerns about Chinese carmakers outpacing rivals in the absence of trade restrictions. Tesla shares plummeted up to 11%, marking a deeper decline compared to other tech-heavy "Magnificent Seven" stocks that have been propelling the S&P 500's surge. After-hours attention focused on Intel (INT...
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Interested in generating income effortlessly? Discover Warren Buffett's favored dividend selections for passive earnings.

Prominent investor Warren Buffett has been offering investment wisdom throughout his illustrious career. A strong advocate of value investing in well-managed large-cap equities, Buffett once remarked, "If you don't find a way to generate income while you sleep, you'll be working for the rest of your life."

Investing in high-quality dividend-yielding stocks can help you build a significant source of passive income, offering financial security for retirement and additional earnings. Companies known as "dividend aristocrats" possess a lengthy track record of consistently paying dividends, making them reliable income sources, especially during economic downturns and market turbulence.

Currently ranked as the fifth wealthiest person on Forbes' real-time billionaires list with a net worth of $114 billion, Warren Buffett is a strong advocate of leading blue-chip stocks. He once cautioned against investments that attract applause, noting that the most significant moves are often met with indifference.


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Investing in real estate has become more accessible than ever, with opportunities starting at just $100. Ordinary investors are becoming property owners thanks to a startup supported by Jeff Bezos.

Elon Musk has reportedly acquired 6,000 acres of land near Austin, and you can explore investment options in anticipation of the city's growth as it attracts new tech professionals.

Here are some of Warren Buffett's most trusted dividend-paying stocks:


1. Coca-Cola Co. (NYSE: KO)

Warren Buffett has referred to dividend stocks as the "secret sauce" behind Berkshire Hathaway Inc.'s success. He specifically praised Coca-Cola Co. in Berkshire Hathaway's 2022 shareholder letter, emphasizing that dividend growth had been consistent over the years. In 1994, Buffett and his partner Charlie Munger invested $1.3 billion in Coca-Cola, acquiring 400 million shares that generated $75 million in dividends at the time. By 2022, the annual dividends from these shares had surged to $704 million, marking an over 800% increase in less than three decades. The value of Berkshire Hathaway's stake in Coca-Cola reached $25 billion in 2022, a remarkable rise from the initial $1.3 billion investment. Coca-Cola stock accounted for around 5% of Berkshire Hathaway's total holdings as of the previous year.

2. American Express Co. (NYSE: AXP)

Warren Buffett experienced similar success with his investment in American Express Co. In 1995, he invested approximately $1.3 billion, which has grown in value to $22 billion, reflecting a nearly 1,600% increase. Aside from capital gains, Buffett also reaped dividends totaling $302 million from his American Express holdings in 2022, a significant increase from the initial investment in 1995. In Berkshire Hathaway's 2022 shareholder letter, Buffett expressed confidence in the likelihood of further increases in American Express dividend payments. American Express shares also constituted a substantial portion of Hathaway's net worth, making up nearly 5% of the total.

3. Apple Inc. (NASDAQ: AAPL)

Although Apple Inc. is not typically categorized as a dividend stock, its dividend payouts have made it a prized asset in Warren Buffett's portfolio. Berkshire Hathaway holds a nearly 5.8% stake in Apple. Buffett regards Apple as a superior business and attributes his substantial investment to the company's share repurchases over the years, which have effectively made it cost-effective for Berkshire Hathaway to expand its Apple stock holdings. As of 2020, Buffett's annual dividend income from Apple averaged about $775 million, according to Berkshire Hathaway's 2020 shareholder letter. Apple has a solid history of 11 consecutive years of dividend growth.


Warren Buffett's investment philosophy revolves around creating income streams that work even when you're not actively managing them. As he famously stated, "If you don't find a way to make money while you sleep, you will work until you die." It's time to make your investments work for you. 

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