What's your exit strategy?

Many investors don't give enough thought to exiting a trade. And yet, it's probably the most important decision you'll make, says Bengt Saelensminde.

Grinning like a Cheshire cat, Dave had one eye on his burgeoning pile of chips and another on me. It looked like a grand in clear winnings from where I was sitting.

"Bengt you're an idiot for not getting in on the system" I felt his eye blurt out.

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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.