Bookkeeping: Selling Almost All Remaining HDFC Bank (HDB) - HDFC Bank (NYSE:HDB)

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Indian financial HDFC Bank (HDB)

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is now our oldest holding as I have never sold it out of the portfolio since switching to Investopedia.com for tracking purposes in Jan 2009. That said, I sometimes neglect it and have not touched it since June as its valuation has been extreme. It is now at 30x FORWARD PE ... for a bank. Yes a dominant bank in a fast growing country but still...

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Whatever the case, I am using today's jump to sell almost all remaining shares; keeping only 0.1% exposure. I guess I'll try to buy back at a bargain price of say 27x forward PE.

Long HDFC Bank in fund; no personal position

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