Profit-Gobblers

Last time I wrote about profit-taking. Today I want to tackle a related subject, by a roundabout route – football! I hear the collective sigh from my readers but please read on. Anyone interested in football knows there is much debate about systems i.e. how teams set up; 4-4-1-1; 4-2-3-1; 4-4-2 etc. and about player positions – strikers, defensive midfield …

Profit-Taking Season

During August I have been busy with investment portfolio reviews. A key element of these has focused on profit-taking. It is always very pleasing to present an investment report to a client that shows a portfolio and individual funds in the black. However gains are only paper profits until they are banked or crystallised. They can disappear much faster than …