FTSE 100 hits 15-year highs, but it's no time to sell

With the FTSE 100 at 15-year highs, investors might be tempted to sell up and take profits. But that, as Kam Patel explains, would be a mistake.

15-2-20-City-634

UK stocks have soared to new heights in the City

With the FTSE 100 at 15-year highs and flirting with its record closing level of 6,930 achieved in December 1999, investors might be tempted to sell into its strength. That would be a mistake.

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British Telecommunications plc0.0703
Vodafone AirTouch plc0.0682
HSBC Holdings plc0.0522
Glaxo Wellcome plc0.0455
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HSBC Holdings plc0.0655
Royal Dutch Shell A plc*0.0483
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Kam Patel

Kam is a former deputy editor at Hemscott Invest and online editor, City A.M and he was also previously the Digital Editor at IFA Magazine. Kam is currently a senior journalist at The Global Treasurer and contributes to MoneyWeek. Kam shares expertise on the FTSE 100, investing and global stocks.