Mehmet Yurtseven @HalalDividend: "Dear copiers and followers, For this..."

United Kingdom

Dear copiers and followers, For this month's summary, I will be focusing on our portfolio. There have been some changes recently, as well as some not-so-recent ones, that I want to update you on: One of our holdings, $SCCO (Southern Copper Corp), has been paying dividends not in cash, but in shares. These shares have been distributed to you over time. They are not included in our reported gains, so I humbly ask that you keep this in mind when looking at our performance. We have recently received another dividend in the form of shares. $SPGI (S&P Global Inc) spun off its mobility division, which is essentially CARFAX plus some other stuff. These shares were given to you as a dividend. The last time I checked, you could not actually buy more shares of $MBGL (Mobility Global Inc -W) on eToro, so if you close those positions, you may not be able to open them again. The choice is yours. Two of our positions have become Sharia non-compliant, so I closed them. Lowe's has been moving in and out of Sharia compliance, hovering around the boundary. I am not particularly happy with their business model of keeping their debt level, so I decided to close the position. McCormick is a wonderful company. I use their products all the time, but for some reason, they have been losing revenue and the market has been punishing them. As their market cap has fallen significantly, they became non-compliant, as I predicted. Therefore, I closed that position as well. As it stands, we have about 10% cash, which I think is appropriate given that everything seems overstretched. We may find some good opportunities in the near future. For the last two months, our portfolio has been trading just below its all-time high. Finally, yesterday we briefly surpassed it. Volatility is the new normal, so we may go back down. But we are at all-time highs, and I'm happy to report that even without much exposure to AI and all its weird valuations, we are doing just fine. I hope we can continue to do so. Once again, thank you for your trust in me to manage your money. Happy investing, Mehmet

Not investment advice. The author may have financial interests in the mentioned instruments.

3 Mentioned

SCCO

Southern Copper Corp

SPGI

S&P Global Inc

MBGL

Mobility Global Inc -W

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