All you need to know about the €100bn Spanish bail-out

If you think Britain can watch the euro debacle unfold from the safety of the sidelines, think again, says Bengt Saelensminde. It's time to prepare your portfolio for the worst.

It's rarely worth your while salivating too long over financial news. It goes stale very quickly.

What really counts is trying to understand the knock-on effects of today's news. Think about it in terms of snooker. It's not potting the red that counts, it's where the white ball ends up that's most important.

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Bengt graduated from Reading University in 1994 and followed up with a master's degree in business economics.

 

He started stock market investing at the age of 13, and this eventually led to a job in the City of London in 1995. He started on a bond desk at Cantor Fitzgerald and ended up running a desk at stockbroker's Cazenove.

 

Bengt left the City in 2000 to start up his own import and beauty products business which he still runs today.