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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: bruwin who wrote (70989)	8/20/2022 10:15:23 AM
From: E_K_S	Respond to of 78760

I own all those EXCEPT GLNCY so probably s/d add it to my copper basket. I think the key to the trade is buying at the right price and holding long term. I have owned BHP & FCX the longest and have pretty large gains in both that I hold inside the portfolio: BHP I made a large Buy in 2001 at $21/share and a small add 7/2022 at $47/share. BHP hit $95/share in 2011 & $21/share in 2016. Then slowly moved higher to around $80/share in 2021 & 4/2022. So possible 4 bagger Dividend for BHP 10.5% ------------------------------------ For Freeport-Mcmoran Inc (FCX) I bought mainly for their Oil & Gas assets after their purchase of Plains Exploration in 2013 as it was on my radar. I nibbled at shares in w/ two buys in 2015 at $16/share and $20/share. Then 6 months latter this tanked to $3/share ! Then after 3 years I made another Buy at $9.75/share (doubled the position) and now have an average cost of $14.40/share. So like anything else it's about (1) the assets and (2) the timing of the 'Value' Buy. The big change between now and then is the move to EV's which s/d increase the demand for copper. Dividend 1% Possible multi bagger but a 2x bagger for me. I do think this has the potential to move back to previous highs at/near $60/share. ----------------------------------------------------- FWIW, I also own VALE and AU in the mining sector and like both based on the assets they own, current dividend and potential to be the low cost producer if/when gold and other metals move higher. VALE was $3/share in 2016 and AU traded around $6/share. The mining industry is cyclical. I think it s/d do well in time of inflation too. In hindsight, I need to let go of at least 50% of my shares at/near the peak and buy back on these huge sell offs like in 2016 I got lucky and did BUY FCX in 2019 but missed the lows in 2016 for all these miners.