Buy-and-hold: the 'boring' way to healthy profits

Trading stocks is all very well. But there's a lot to be said for the 'hands-off' approach. Buying 'boring' stocks and forgetting about them could set up some very healthy profits, says Bengt Saelensminde.

I've just had a look at atrading account I set up about ten years ago. And I'm delighted I did. What started as a £5k investment is now worth nearly £50k!

How did that happen?

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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.