Taking profits

Simon Thompson

Simon Thompson
Taking profits

In recent weeks, I have advised top-slicing some of my best-performing share recommendations and banking profits on others. It's clearly a subjective process as my view of fair value will differ from other market participants, and my attitude to risk will, too. But it's always worth remembering that no one ever got poor by taking a profit and it's far easier to bank gains when the market environment is benign, thus providing the cash to deploy on bargain opportunities when volatility next spikes.

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