The best time to act on a trading tip

The trouble with share tipping is that once the market smells demand, it can send the share price soaring. So bide your time, says Bengt Saelensminde - it could save you a fortune.

Last week I showed you the Co-operative bank 5.5555% subordinate bond. At 68.5p, it looks like a useful addition to my portfolio for the reasons I outlined.

But, of course, no sooner had I spoken than the price started to shift upwards. One reader reports "Hey Bengt, it's getting difficult picking up that bond for 68.5p now!"

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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.