Volvo has grown steadily in my portfolio and finally this engineering gem is among my top 10 holdings. The recent developments in the US favor me as a long-term investor and I would be surprised if the stock in 5 years has not given a decent return with a decent dividend.

The reporting period for quarter three is now slowly but surely approaching and it will be really exciting to see what Volvo, among other things, has to offer.

When I first bought into the company, my hope was to make this one of my biggest within a few years. That idea has become a reality.

Volvo was also the most purchased share at Avanza last month. Apparently there were more people than me who wanted to take advantage of the situation that has now arisen.

At the end of last week we received new tariff announcements from Mr. Trump again. This time, the idea is to impose 25 percent tariffs on heavy trucks. It feels like everything that can be physically touched will soon be subject to increased tariffs. Only companies that deliver services are safe so far.

Initially, the market was very happy and praised Volvo, which has 100 percent truck production in the US. Then there was talk that Volvo might not benefit at all since the company already pays high tariffs for every imported component.

The stock fell to the level it was at before. The market is uncertain.

In April, it was time for Martin Lundstedt to deliver his 40th interim report. The numbers were, as expected, a bit shaky, but nothing that really shocked the market. On the contrary, they were sensationally surprise-free.

Lundstedt has done an outstanding job with Volvo, transforming the company from something cyclical to one that seems to deliver like clockwork. He has now been CEO for 10 years and it is worth taking his hat off to.

It’s the stability and consistent ability to perform despite market downturns that was my main reason for starting to buy Volvo, and why I continue to buy it. It’s also an unparalleled dividend yielder that has also delivered good total returns.

As I mentioned before, there are different opinions about Volvo’s dividend. Now the currency seems to be fluctuating again, so we’ll see how that will affect things.

Volvo’s two remaining reports will be crucial, but I still believe they will be fairly calm despite a shaky environment.