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Steps to smarter investing

MoneySmart provides some sage advice on 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.

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Reproduced with permission of ASIC.

Source: ASIC's MoneySmart website,, 30 March 2011.