Bought More FCX

FCX at $32.12

With the recent sell-off of mining socks, I decided at the end of the day yesterday to add to my FCX position in my dividend portfolio.  I increased my position by 40% at $32.12 a share.  I like FCX as it  has scale, has a 14% earnings yield and a 3.6% dividend yield.  If you believe a year or two from now, there will continue to be increasing demand for Copper and Gold, FCX is a solid play at $32.12.

So of the list of 12 stocks I said I wanted to buy for my dividend portfolio, I have made three of the purchases: FCX, ABR and CIM.  I will continue to stalk the others.

While yesterday's sell-off was not fun, I am still looking solid in 2013.  Overall up 7.25% and my dividend portfolio is +6.1%.  The Russell 3000 is up 6.4%.

Here is a table showing how my dividend stocks have done for the year and the past week:

Stock	Start	Last Week	Current	QTD Change	Weekly Change
AAPL	532.17	462.81	451.50	-15.2%	-2.4%
ABR	7.18	7.70	8.02	11.7%	4.2%
AOD	3.90	4.01	3.99	2.3%	-0.5%
BHK	15.03	14.89	14.76	-1.8%	-0.9%
CIM	2.61	3.06	2.96	13.4%	-3.3%
CSCO	19.62	20.99	21.11	7.5%	0.5%
CSQ	9.81	10.55	10.46	6.6%	-0.9%
FCX	34.20	35.35	32.53	-4.9%	-8.0%
HFC	47.39	55.55	53.72	13.4%	-3.3%
INTC	20.73	21.34	20.96	1.1%	-1.8%
JPM	43.81	49.18	48.91	11.6%	-0.5%
JQC	9.91	10.18	10.26	3.5%	0.8%
KMF	28.90	33.41	32.89	13.8%	-1.6%
MPC	63.19	82.91	80.58	27.5%	-2.8%
O	41.14	44.64	44.79	8.9%	0.3%
OIBAX	6.68	6.85	6.83	2.3%	-0.3%
PGR	20.83	24.47	24.58	18.0%	0.4%
PRE	80.20	86.39	87.07	8.6%	0.8%
PVD	104.30	102.22	103.61	-0.7%	1.4%
SAI	10.96	12.36	11.87	8.3%	-4.0%
STO	25.04	25.70	25.65	2.4%	-0.2%
Totals				6.1%
IWV	84.68	90.68	90.13	6.4%	-0.6%

As you can see, AAPL has been the laggard.  Also note that the "current" prices include dividends during the quarter.