I currently own 8000 shares of TC and 900 shares of FCX.
I would like a little more of one or the other but I am on the fence.
FCX is paying 4%...I actually just got a $1000 payment from them a few days ago. They also had some insiders buy over 3,000,000 shares of stock with cold hard cash recently...no stock option BS. When insiders put $100,000,000 of their own money into something it gets my attention.
I owned both too. But FCX is boss--if it had more political stability,it pays a nice dividend and is much shareholder friendly yet huge amounts of its copper and gold come from indonesia and the government already has a 9% stake in it Poor pollution laws and people dying in cave ins plus add in there big mine inthe Congo . I'llbet if FCX was in Canada or the US (besides Phelps Dodge) you'd have stock worth 80+ . Percentage wise its not even close TC will make you more.
If you want yield then you should swap your TC for the tMEDS. They pay a dividend of 1.62 a year and are convertible into shares of TC on May 15, 2015. At 19 these shares are yielding 8.5% and you will participate in the upside if TC rallies.
FCX won't be a 5 bagger in 3 - 5 years.
But FCX much less risk, and 4% is nothing to sneeze at.
(And I think that 4% is likely safe, to boot.)
I am still liking the leverage of the Jan 15 $2 LEAPS of TC though.
Also depends on your long term objectives. When do you need the money?
You got a couple of thousand more I'd put it in TC. You have 10 or 20k to spend then I'd split it between them.
As long as you're already diversified.
If you are not diversified, there are lots of other choices. AAPL, FB, WFC, O, to name just a few....
Another mining idea is SWC.
All these names are good LEAP choices too.
Most (90%) of my stock portfolio is in index funds like VT, VXUS
I just happen to have $150,000 in cash right now and want to get it working. I was thinking about putting $25,000 into miners and $125,000 into index funds, but DCA over several months although I would buy the miner as a lump sum.