I’ve held HSBC since 2019. Since then, obviously, we’ve had the COVID crisis and at one point the shareholding had halved in price. It has now made that back, and then some. Whilst its latest report was very positive, there are headwinds with Russia and China. China’s intentions towards Taiwan may also be a concern.
At the moment, China is treading a fine line between trading with Europe, but also refusing to condemn Russia. If Putin decides to accelerate action, we might see China’s true colours forced out into the open.
After its recent run, the shares are looking a bit toppy with a ‘nothing special’ dividend yield. Sold for a 12% return over 3 years. Not planning on doing anything with the cash as yet but will keep an eye on markets, especially with the ongoing downbeat housing results (My Persimmon holdings took a 10% beating today after downbeat results).
Portfolio allocation report not yet updated so still shows HSBC.
Sell price: £6.37
Average Buy price: £6.18
Dividend income: Circa 10% total
Gain: 12% total (2% + 10%), 4%pa