Dan Caplinger

It has had its share of operational challenges.

Its biggest copper mine in Indonesia has faced some operational issues.

But we all know what the gold market has done over the past year or so.

It has been an effective diversifier for portfolios.

That's the whole Dalio approach.

Basically,

put yourself in a situation where you can benefit from growth, but you're not overexposed to recessionary conditions.

You can benefit from stable pricing, but you are able to fend off inflation.

I think that Freeport-McMoran gives you that commodity exposure in the form of a stock, so you don't have to deal with all those futures markets that we were talking about earlier in the show.

It kind of counts a little bit as an allocation to gold, which a lot of people have been wondering, okay, well,

How do you do that?

Is that something that you should do when the price has already gone up so much?

I think it's a good balance with Freeport-McMoran because their big thing is more copper than it is gold, but you still get the gold exposure as an icing on the cake.

I'm just sticking with my weird name portfolio here, I guess.

But two more real quick.

Truist Financial, TFC.

Regional banks are out of favor.

They might remain out of favor for a while.

But you get Truist Financial, a good company in the Southeast and Mid-Atlantic, a decently run bank trading below book value and with almost a 5% dividend yield.

These are the times to ride through the headwinds and find good banks.