In This Chapter
Knowing that shares can go down as well as up
Knowing that bonds can go bust
Understanding that super-strategies can turn into sand
Being aware that property investments can crumble
Avoiding the tax-freedom trap
Putting a stop to scamsters
So you’ve taken a long, hard look at how ready you are to take the risks inherent in investing. You know that you have to take chances and step, a little or a lot, into the financial unknown. And you know that if you aren’t prepared to take a risk, you stand no chance of beating the bank or the building society. And now you’ve made up your mind to invest rather than merely save. (If you haven’t taken a long, hard look at these things then you really, really need to. Look through Chapter 1 to make sure that you’re even ready to invest and check out Chapter 4, which ...