One of my readers has suggested an article giving general advice on when to take profits and in what sort of proportion would be useful.
This is a subject with several aspects. How do you know when you are near the top of a market? Is that even possible? What about tax? If you sell out of a good fund, where would you re-invest? Should you re-invest at all? Is the old quotation “time in the markets is better than timing the markets” (Anthony Bolton, ex Fidelity) the simple answer?
I can seek to answer these questions or at least propose a logical way of taking decisions but the topic justifies an article as opposed to just a blog post. I will add one to the “How to” area as soon as I can. It will be unrestricted.
There have been no new posts on the site for a couple of weeks because I have been on holiday! I was in the UK, France and Italy and could claim I was doing important on location research on Brexit, the potential troubles with the Euro and so on. But mainly I was enjoying the food and drink (at least on the South of the Channel)!