Beginner's guide to investing: operational gearing

Our latest video tutorial for novice investors. Tim Bennett explains the importance of operational gearing - or why costs matter.

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The third of Tim Bennett's video tutorials of key stock-picking terms for novice investors deals with operational gearing.

See also MoneyWeek's financial glossary

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Tim Bennett

Tim graduated with a history degree from Cambridge University in 1989 and, after a year of travelling, joined the financial services firm Ernst and Young in 1990, qualifying as a chartered accountant in 1994.

He then moved into financial markets training, designing and running a variety of courses at graduate level and beyond for a range of organisations including the Securities and Investment Institute and UBS. He joined MoneyWeek in 2007.

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