5 Reasons This Passive Income Stock Is No. 1 On My Buy List
Getting paid to own stocks is rewarding any time, but in a market under pressure from rising interest rates, historically high inflation, and a looming recession, it's nice to know you have some downside cushioning.
Passive income investing helps offset any decline in capital appreciation while providing a vote of confidence that a business splitting its profits with shareholders believes its long-term growth story remains intact. It doesn't hurt that dividend-paying stocks also have a 100-year track record of outperforming non-dividend stocks.
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Source Fool.com
