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Steps to smarter investing
Successful investment has very little to do with good luck. There are tried and tested principles you can follow which can vastly improve your ability to achieve your goals and avoid disaster.
A smart investor takes time to understand the basic principles of investing, then develops, and sticks to, a sound investment plan.
The first stage on your journey to investing wisely involves doing some advance thinking:
Once you’ve identified your goals and risk tolerance:
Finally, keep your investment strategy on the rails:
There are no short-cuts to becoming a successful investor. You’ll need to understand the basic principles. Start by identifying your own needs and attitude to risk.