If you don't take care of your mind and body now, by the time you're 40 or 50, you'll be like a car that can't go anywhere." "If you aren't taking care of them when you're young, it's like leaving that car out in hailstorms and letting rust eat away at it. "You have only one mind and one body for the rest of your life," Buffett says. In other words, the way you treat your car should be no different than the way you treat your body. "If there's the least little bit of rust, you're going to get that fixed immediately so it doesn't spread - because you know it has to last you as long as you live."Īnd then, like a bag of bricks, Buffett hits us with a brilliant realization: The position you're in with your car is exactly the position you're in concerning your mind and body. "You're probably going to read the owner's manual four times before you drive it you're going to keep it in the garage, protect it at all times, change the oil twice as often as necessary," says Buffett. All rights reserved."Now, knowing that, how are you going to treat that car?" he asks. Benzinga does not provide investment advice. This article How To Collect $1,000 Per Month From Warren Buffett's Favorite Energy Stock originally appeared on "ACTIVE INVESTORS' SECRET WEAPON" Supercharge Your Stock Market Game with the #1 "news & everything else" trading tool: Benzinga Pro - Click here to start Your 14-Day Trial Now! The 60/40 strategy isn't going to cut it any longer, which is why major firms like Blackrock are adding these assets to their portfolios to boost returns. This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes and you only need $100. Investing in real estate just got a whole lot simpler. Always conduct comprehensive research and due diligence before diving in. Stocks can fluctuate wildly, and even top analysts aren't right 100% of the time. The analyst has a Buy rating on the company and a price target of $195 - around 33% above where the stock currently sits. While Chevron shares have pulled back recently, Mizuho analyst Nitin Kumar sees better days ahead for the oil supermajor. If you aim for a smaller target of earning $200 per month - or $600 per quarter - you would need 397.35 shares ($600/$1.51) or $57,878 worth of Chevron stock (397.35 x $160.63). This is calculated by dividing the $3,000 by the per-share quarterly payout of $1.51.Īnd because Chevron currently trades at $145.66 per share, 1,986.75 shares would mean about $289,390 worth of the stock. And that means you would need to own 1,986.75 shares of the company. If you want to collect $1,000 per month from the company, you are looking at $3,000 per quarter. With this increase, Chevron is on track to mark 2023 as the 36th consecutive year of increased annual dividend payout per share.Ĭhevron follows a quarterly distribution schedule. In January, Chevron's board approved a 6% increase to the company's quarterly dividend to $1.51 per share. Considering that Berkshire held 110,248,289 shares of Chevron, it stands to collect $166.47 million in quarterly dividends from the company.īut you don't need to be the Oracle of Omaha to earn dividends from the energy giant. Chevron has a quarterly dividend rate of $1.51 per share, translating to an annual yield of 4.2%. Chevron shares enjoyed massive rallies in 20, but are down about 16.3% in 2023.īesides trading the stock, investors can also collect dividends from the energy giant. With oil prices being volatile, energy stocks also tend to experience wild swings. With the position valued at $18.59 billion at the time, Chevron was Berkshire's fifth-largest publicly traded holding. (NYSE: CVX), the largest energy stock in Berkshire's portfolio.Īs of September 30, Berkshire held 110,248,289 shares of Chevron. Plenty of companies in Buffett's portfolio pay dividends to shareholders. Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here are 3 high-yield investments to add significant income to your portfolio. Here’s how to invest in the city’s growth before he floods it with new tech workers. Other than picking stocks that skyrocketed in value, Buffett also collects dividends - a lot of dividends.īuffett famously said, "If you don't find a way to make money while you sleep, you will work until you die." Don't Miss:Įlon Musk has reportedly bought 6,000 acres of land just outside of Austin. (NYSE: BRK) delivered an overall gain of 3,787,464%, dwarfing the S&P 500's 24,708% return during the same period. From 1964 to 2022, his company Berkshire Hathaway Inc. Legendary investor Warren Buffett has achieved astounding returns throughout his career.
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