After a break for various reasons I’m back on the investment trail in 2017. And things start with an unpleasant, but for me vital sale of Tesco merger target Booker (LSE:BOK).
As a standalone Booker appealed and even with a weighty P/E it was one of my favourite and most successful investments to date. But as a potentially future merged partner and with an uncertain period of transition possibly lasting a year or more I wasn’t going to be sticking around.
The good news is that this sale freed up funds to reinvest into a few interesting avenues. And actually I probably should have taken profits before.
As vital as stop losses are to conserving capital so is having a plan to exit vital for crystalling profit at several stages of growth. That’s something I’ve been slow to grasp or act upon. Ride up but bank some profits along the way.
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