I don't really talk about the long-term portfolio much, basically because it never changes and to paraphrase Warren Buffett the favoured holding period is forever. It's comprised of gold bullion, silver bullion and a few stocks, with the biggest stock holding as Southern Copper (PCU).
Why PCU? This is why:
MEXICO CITY, Oct 31 (Reuters) - Peruvian miner Southern Copper, one of the world's largest copper producers, announced on Friday it will pay shareholders a dividend of $0.34 per share on Dec. 5.
The company (PCU.N: Quote, Profile, Research), which is a unit of Mexican miner Grupo Mexico (GMEXICOB.MX: Quote, Profile, Research), also said etc etc yada yada continues here
PCU just keeps paying me money, that's why. Here's a chart that summarizes the cash dividends of the last five years.
That's U$7.38 in total (if you include the 34c payment to come in December 2008). I took position in the stock at a split adjusted $8 and bits thus we're getting close to that magic net zero price. So even though PCU has dropped a mountain from its highs of 2007 and 2008 ....
...I'm still a very happy holder overall. I think it was Livermore who used to say buy right and sit tight. A long-term portfolio is a different mindset. It has to be like that. DYODD, dude.