Copper -- May 6, 2023

Locator: 44583CU.

Regular readers know I don't follow the market when things get crazy -- and I haven't looked at the market for about two weeks now ... until Friday when we saw the Dow jump 550 points. But I only looked at AAPL and one other stock which I've now forgotten which.

Tonight, while watching reruns of Colombo, after sitting on the balcony during a pretty remarkable north Texas electrical storm, I was curious -- I forget why -- I must have seen something on my twitter feed. 

Whatever.

Just curious, I took a peek at SCCO. 

In my 40-30-20-5-5 bucket, SCCO is part of the 30 --

Investing: "new money" allotment --

• "40-30-20-5-5":
• 40%: big cap value; dividend paying; BRK-like;
• 30: beaten down tech, copper;
• 20: oil; second tier;
• 5: healthcare
• 5: Daimler Truck

So, I was curious, how is SCCO doing.

Friday:

That's scary. Look at that P/E. And within striking distance of a 52-week high. And a 5.05% dividend.   

And, SCCO recently doubled its dividend.

I had completely forgotten that I had put Cu in my "beaten-down tech" bucket. 

For the next six months, possibly twelve months, I won't add any new money to the "energy bucket." My new-money allotment will become:

Investing: "new money" allotment --

• "50-40-5-5":
• 50%: big cap value; dividend paying; BRK-like;
• 40: beat down tech, copper;
• 5: healthcare
• 5: Daimler Truck

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.