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Smarter Investing 3rd edn, 3rd Edition by Tim Hale

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2

Covering the basics

Let’s start by getting some basic concepts straight. These form the foundations on which you will build an investment programme. While you may be familiar with some or all of them, it makes sense to cover the ground, because they are so important. Even if you feel that you are reasonably well versed in the basics, it is never a bad idea to refresh your thinking.

2.1 What is smarter investing?

As you saw from the Eye-openers in the Introduction, there is a lot of bad investing about, so it is important to make sure that you and I are on the same page when it comes to what we think smarter investing is about. For some, investing is about buying and selling investments through an online brokerage account, feeling that ...

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