On Seeking Alpha, we update our “All Weather Dividend Portfolio” once a month. Since the inception of the model portfolio in May, it has been lacking any positions in the materials sector.

I must confess it is a sector in which neither Robert or I are experts. Nonetheless, we always knew it would be important to have at least one position from the sector for diversification purposes.

It is only very recently that I came across Reliance Steel & Aluminum Company (RS), a Californian producer and distributor of metal products.

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