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Covid-19: HSBC / SC - Dividends & Results

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  1. #101

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    Quote Originally Posted by pin:
    Again why investors should have a well diversified portfolio, rather than putting all your eggs in one basket.
    'In God We Trust'

  2. #102

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    Quote Originally Posted by shri:
    Seen in a Bloomberg newsletter.




    HSBC’s Dividend Shock Leaves Deep Marks in Hong Kong

    https://www.bloomberg.com/news/artic...s-in-hong-kong
    WTF were they thinking putting half their funds in a single share?
    GentleGeorge likes this.

  3. #103

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    Quote Originally Posted by traineeinvestor:
    WTF were they thinking putting half their funds in a single share?
    You'd be surprised with the number of older folks who do this and as late as a couple of years ago were still getting this advice from professionals - "Just put everything into HSBC".

  4. #104

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    Quote Originally Posted by shri:
    You'd be surprised with the number of older folks who do this and as late as a couple of years ago were still getting this advice from professionals - "Just put everything into HSBC".
    And yet again a perfect example of why yesterday's star performing / solid stock won't be tomorrow's star performing / solid stock. This goes back to why having a well diversified portfolio is the best option for 99% of people.

    Also were these so call professionals the same ones telling them to buy high fee annuities and long term universal life insurance policies with "guaranteed" payments?

  5. #105

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    The biggest problem is the concentration of half investment into HSBC. that is grossly mismanagement.

    jrkob likes this.

  6. #106

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    Quote Originally Posted by shri:
    You'd be surprised with the number of older folks who do this and as late as a couple of years ago were still getting this advice from professionals - "Just put everything into HSBC".
    Yep. Back the the right company for long enough and you're rich. The first problem with that approach is that the number of wrong companies massively outnumbers the number of right companies. The second problem is that just because a company is "right" for a while doesn't mean it will remain "right" - odds are it won't.

    A comparison of the largest companies listed on a stock exchange over even as little as 20 years shows just how few companies fall into the buy and hold forever camp.
    jrkob and shri like this.

  7. #107

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    If you want a steady income from HSBC, buy its bonds not its shares.

    There is a reason they call the asset class 'fixed income'.

    traineeinvestor likes this.

  8. #108

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    Quote Originally Posted by GentleGeorge:
    If you want a steady income from HSBC, buy its bonds not its shares.

    There is a reason they call the asset class 'fixed income'.
    unfortunately this is hk, nothing beats seeing your stock on the top volume list and you have the bragging rights of nailing it at, say, HK$100, many years ago...
    Paxbritannia likes this.

  9. #109

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    Results...



    Europe’s largest bank, said on Tuesday that it’s pre-tax profit fell 48% year-over-year to $3.229 billion in the first quarter of 2020, while revenue dropped by 5% to $13.686 billion.
    HSBC's pre-tax profit falls 48% year-over-year in the first quarter to $3.2 billion - https://www.cnbc.com/2020/04/28/hsbc...-pandemic.html

  10. #110

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    Ouch!


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