How to invest wisely and avoid the debt trap

Returns revert to the long-term mean, i.e., returns will trend towards their long-term averages.

Don’t expect markets to go up 30 per cent every year, when the long-term average is more like 10 to 12 per cent.

Investing is not the same as speculating. It requires skill, discipline and patience.

When you buy or sell, your counterpart might be a professional who does this for a living. Understand if you or they have the edge.