Falling in love with a stock can cost you dear

Occasionally, you find a stock that you just don't want to let go of, despite all the logic telling you to get out. But if a stock isn't generating cash-flow, it may be time to reconsider your loyalty, says Bengt Saelensminde.

When Andy's number came up on the screen, I knew exactly why he was on the line: He was phoning for a gloat.

"Whatever you do, don't sell. This is gonna be bigger than Microsoft" he yelled down the line. I guessed he was up another £10k that morning.

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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.