A Warren Buffett stock I’ve been buying for passive income

Warren Buffett’s portfolio of businesses generates billions of dollars in passive income every year. I am trying to replicate his approach by investing in companies that I believe the Oracle of Omaha would be interested in himself.

He rarely invests outside of his home market. However, just before the financial crisis, he offered to buy one UK corporation that was part of RBS (now NatWest )at the time.

Markets around the world are reeling from the coronavirus pandemic… and with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.

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According to reports , Buffett offered to buy Direct Line (LSE: DLG) from its parent for more than £5bn. This suggests that the investor saw a lot of similarities between this group and the insurance businesses his company owns in the US.It also suggests that this is the kind of company he would be happy to buy as a passive income investment. Warren Buffett-style investment Direct Line has many of the qualities the Oracle of Omaha looks for in an investment. Its brand is well-known in the marketplace, and by selling directly to consumers, it also has a cost advantage over the competition.On […]

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