Investor's glossary

Exchange-traded fund — index basket with low fee

Fund's annual fee — <0.3% is cheap

Regular fixed-amount buys — smooths volatility

Share of company profit paid to shareholders

Automatic dividend reinvestment into same shares

Price/earnings — years to recoup the share price

Debt paper: you lend, receive coupon payments

Bond's total yield if held to maturity

Restoring portfolio weights to targets

Price swing amplitude — risk measure

Spreading across assets — don't put all eggs in one basket

How fast an asset sells without price loss

Non-state pension fund — funded pension

Where your securities are held at a broker