Full disclosure: I have a large position in LYG, one of the UK’s largest financial services organizations. I’ve held this position for a number of years, primarily for the dividends and global diversification.
As banks across the world continue to increase interest rates, there may be uncertainty about the longterm benefits of investing in the financial sector. I have been thinking about reducing my position due to issues in Europe.
Does anyone consider banks to be untouchable during the rate hikes, or should one consider potential growth opportunities, hold and buy more?
https://m.investing.com/news/economy/futures-tick-higher-ahead-of-powells-speech-2888304?ampMode=1
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