Terms of Participation in the Elegant Investor Start Course
§1. General provisions
1.1. The Service Provider runs on the Platform a stock market investing course under the name Elegant Investor Start, intended for people who are beginning to learn about investing.
1.2. These Terms set out the scope of the Course, the rules for ordering it, the way the learning runs and the conditions of completing it.
1.3. Terms written with a capital letter in these Terms have the meaning given to them in paragraph 2. Terms not defined in paragraph 2 have the meaning given to them in paragraph 2 of the Terms and Conditions of Using the Platform.
1.4. In matters not covered by these Terms, the Terms and Conditions of Using the Platform, the Terms of the eLearning Platform and the Payment Terms apply.
1.5. Taking part in the Course does not require earlier preparation or experience in investing.
1.6. The Course is run in English.
§2. Definitions
2.1. Course. The Elegant Investor Start course, covering the Basic Part and one Track.
2.2. Basic Part. Eight lessons of the Course together with the closing section, which covers the Exam and the choice of Track.
2.3. Track. The further part of the learning covered by the price of the Course, run under the name Elegant Dividend Investor Start or Elegant Growth Investor Start, covering four further lessons.
2.4. Lesson. A set of Course items devoted to one subject, built as set out in paragraph 4.
2.5. Meeting. A theory lesson, a practice lesson or a Consultation, held online live.
2.6. Instructor. The person holding the Meetings on behalf of the Service Provider.
2.7. Calendar. The booking tool for the dates of Meetings, opened by a button on the page of the Course item concerned.
2.8. Quiz. A set of eight questions checking knowledge of the material of a given lesson, placed with every lesson under the name Elegant Quiz.
2.9. Exam. An exam checking knowledge of the material of the whole Basic Part or of the whole Track, after passing which a Certificate is issued.
2.10. Certificate. A document in a PDF file, issued under the name Elegant Certificates, confirming completion of the Basic Part or of a Track.
2.11. Consultation. An online meeting devoted to the Student's questions about the material of the Course and about her own learning to invest.
2.12. Karma points. Points awarded on the Platform for the activity of the User, in particular for completing a Quiz and for completing a material. The points add up and decide the rank visible in the User's profile. The rules for awarding them are set out in paragraph 10 of the Terms and Conditions of Using the Platform.
2.13. Badge. A marker granted for completing a material, visible in the User's profile on the Platform.
2.14. Student. A User who has ordered the Course.
2.15. Service Provider. Kinga Stigter, operating the Platform, email address kinga.elegant.investors@gmail.com.
2.16. Platform. The website available at www.elegantinvestors.com together with all its features.
2.17. User. A natural person using the Platform. These Terms use the feminine form because of the character of the brand, and the rules apply equally to everyone using the Platform regardless of gender.
2.18. Account. An individual User profile on the Platform, opened free of charge, allowing the use of materials and the purchase of the Service Provider's products.
2.19. Joining Day. The day the Course is purchased. The access periods given in paragraph 19 are counted from that day.
§3. The scope of the Course
3.1. The Course covers the Basic Part and one Track chosen by the Student.
3.2. The Basic Part covers eight lessons. Every lesson covers a theory lesson and a practice lesson.
3.3. In the Basic Part a theory lesson lasts 60 minutes and a practice lesson 30 minutes. The Basic Part covers sixteen Meetings in total.
3.4. A Track covers four theory lessons of 30 minutes and four practice lessons of 60 minutes, that is eight Meetings in total.
3.5. Meetings are held individually, with the Student and the Instructor taking part.
3.6. The price of the Course covers the choice of one of the two Tracks. The rules of the choice are set out in paragraph 16.
3.7. The Course also covers one hour of Consultations on the terms set out in paragraph 11.
3.8. Completing the Basic Part is a prior requirement of both Tracks.
§4. The build of a lesson
4.1. Every lesson of the Basic Part is made up of six items.
4.1.1. An introduction to the lesson, describing its subject and scope.
4.1.2. The booking page of the theory lesson, containing the Calendar.
4.1.3. A presentation with the theory material.
4.1.4. The booking page of the practice lesson, containing the Calendar.
4.1.5. A Quiz.
4.1.6. Additional Educational Materials, covering four articles from the Elegant Investor Library, that is from the collection of the Service Provider's blog materials, and selected lists from the Elegant Investor Notebook, that is from the set of notes and checklists filled in by an investor.
4.2. A theory lesson is run on the presentation given in point 4.1.3. A practice lesson works on the material discussed during the theory lesson.
4.3. The lessons of a Track have the same build and their own presentations, quizzes and additional materials.
4.4. The materials of the Course are made available on the Platform and are not intended for downloading. The exceptions are given in points 13.9 and 18.6.
§5. Tasks to be done on your own
5.1. Every lesson of the Basic Part and every lesson of a Track ends with a task to be done on your own.
5.2. The task is not compulsory and does not affect the completion of the Course.
5.3. The Student may send her answers to the Instructor before the next Meeting.
§6. The Account and technical requirements
6.1. Taking part in the Course requires an Account on the Platform.
6.2. Without an Account there is no purchase of the Course, no granting of access, no booking of Meetings and no viewing of materials.
6.3. The technical requirements of using the Platform are set out in paragraph 5 of the Terms and Conditions of Using the Platform.
6.4. Taking part in Meetings additionally requires a microphone and a connection allowing a video call.
6.5. All the materials and exercises of the Course are run on the Platform. Taking part in the Course does not require additional software.
6.6. When booking, the Student gives an email address and a telephone number. The confirmation of the booking and the reminders about the date of a booked Meeting are sent to that data.
§7. The order, the price and the conclusion of the contract
7.1. The Course is ordered on the Course page on the Platform.
7.2. The price of the Course is given on the Course page and in the price list.
7.3. The price covers the Basic Part, one Track and one hour of Consultations.
7.4. The contract is concluded when the order is confirmed after the payment has been booked.
7.5. The Service Provider sends the confirmation of the order together with the text of the Terms accepted with the order to the email address assigned to the Account.
7.6. Access to the Course is granted to the Account from which the order was placed.
7.7. The rules of payment, of issuing settlement documents and of discounts are set out in the Payment Terms.
§8. Booking theory and practice lessons
8.1. The Student books the dates of theory and practice lessons herself in the Calendar.
8.2. The Calendar opens from the booking page of the lesson concerned.
8.3. Once a booking is made, the Service Provider sends to the email address assigned to the Account a confirmation containing the date of the Meeting and the link to it.
8.4. A practice lesson can be booked right after the theory lesson has been booked, provided that its date falls after the theory lesson.
8.5. The order given in point 8.4 follows from the build of the Course, because a practice lesson works on the material discussed during the theory lesson.
8.6. The dates available depend on the availability of the Instructor.
8.7. Booking theory and practice lessons is not compulsory. The Student may work through the material herself. The conditions of completing the Course are set out in paragraph 14.
§9. Reminders, cancelling and changing a date
9.1. A reminder about the date of a booked Meeting is sent 24 hours before it starts, in a text message and in an email message, and then 30 minutes before it starts, in an email message.
9.2. A Meeting can be cancelled or moved at the latest 23 hours before it starts. The link placed in the booking confirmation is used for that.
9.3. A Meeting that is not cancelled and not moved within the time given in point 9.2 is treated as held.
9.4. The Service Provider waits for the Student for 15 minutes from the booked starting time. After that time the Meeting is treated as held.
9.5. A Student who wants to hold a Meeting treated as held in accordance with point 9.3 or 9.4 books a further Meeting for a fee, according to the price list and the availability of the Instructor.
9.6. If the Student cannot take part in a Meeting for reasons beyond her control and reports this to the Service Provider without delay, the Service Provider may set a replacement date.
9.7. The Service Provider may cancel a Meeting for important reasons. The Service Provider gives information about this without delay and proposes a replacement date.
§10. Meetings paid for separately
10.1. A Meeting paid for separately is every Meeting that is not covered by the price of the Course. These are Meetings booked in place of Meetings treated as held, referred to in point 9.5, and Consultations going beyond the hour covered by the price of the Course, referred to in point 11.6.
10.2. Cancelling the booking of a Meeting paid for separately means the loss of the amount paid.
10.3. The amount given in point 10.2 is not refunded and does not carry over to another date. A further booking requires a new payment.
10.4. The rule given in points 10.2 and 10.3 also applies to absence from a Meeting paid for separately.
10.5. The provisions of this paragraph do not concern Meetings covered by the price of the Course, to which paragraph 9 applies.
§11. Consultations
11.1. The Course covers one hour of Consultations.
11.2. The hour given in point 11.1 is divided into two Meetings of 30 minutes, booked separately, on two different dates.
11.3. Consultations are booked in the Calendar available on the Consultations page in the Course.
11.4. The hour given in point 11.1 covers the whole of the learning, that is the Basic Part and the Track. Continuing the learning in a Track does not add a further hour of Consultations.
11.5. The Consultations are to be used within four months of the Joining Day.
11.6. Consultations not used within the time given in point 11.5 expire. The Student may then book a Consultation for a fee, according to the price list. Further Consultations, after both Meetings given in point 11.2 have been used, are also booked for a fee. A Consultation paid for lasts 30 minutes.
11.7. Paragraph 9 applies to cancelling and changing the date of a Consultation, and paragraph 10 also applies to Consultations paid for.
11.8. Consultations have the character set out in paragraph 20.
§12. Quizzes checking knowledge
12.1. A Quiz made up of eight questions is placed with every lesson.
12.2. Every question has four answers and exactly one correct answer. An explanation is placed under every answer.
12.3. A Quiz is passed only with a complete set of correct answers.
12.4. An attempt with even one wrong answer does not pass the Quiz and does not award karma points.
12.5. The number of attempts at a Quiz is not limited.
12.6. The number of karma points awarded depends on the attempt in which the Quiz was passed. Passing on the first attempt gives 25 points, on the second 20, on the third 15, and on the fourth and further attempts 10. This rule applies equally in the Basic Part and in a Track.
12.7. Passing all the Quizzes is a condition of completing the Course.
§13. The certification Exam
13.1. The Basic Part is closed by an Exam covering the material of all eight lessons.
13.2. One attempt covers 32 questions, four from every lesson, drawn from a larger set. At a further attempt the set of questions is different.
13.3. The pass mark is 80% of the points that can be obtained.
13.4. The number of attempts is not limited. The Exam has no time limit.
13.5. After finishing an attempt the Student sees the correct answers together with the explanations.
13.6. Some of the questions concern material available only inside the Course, that is the presentations, the exercises carried out during the practice lessons and the work in the Tool.
13.7. The questions of the Exam do not repeat the questions from the Quizzes.
13.8. Passing the Exam on the first attempt gives 50 karma points. Further attempts award no points. Those points are a bonus for steady learning and for preparing for the Exam before the first attempt.
13.9. After the Exam is passed the Certificate is sent to the email address assigned to the Account. The Certificate can also be downloaded from the result screen, from the certification page in the Course and from the Student's profile on the Platform.
13.10. A Track ends with its own Exam, to which points 13.3 to 13.9 apply.
§14. Completing the Course
14.1. Completing the Basic Part requires three requirements to be met together.
14.1.1. Marking all the items of the Basic Part as done.
14.1.2. Passing all the Quizzes in accordance with point 12.3.
14.1.3. Passing the Exam in accordance with point 13.3.
14.2. Holding theory and practice lessons is not a condition of completing the Course. The Student may work through the material herself, complete the Quizzes and pass the Exam.
14.3. The Certificate item cannot be marked as done without a passed Exam. Without a passed Exam the Course stays uncompleted.
14.4. The conditions of completing a Track match the conditions given in point 14.1.
14.5. Completing the Basic Part gives 160 karma points, and completing a Track 80 karma points.
14.6. The Service Provider gives information about the completion of the Basic Part and about the completion of a Track to the email address assigned to the Account.
§15. Distinctions after completing the Course
15.1. After completing the Basic Part the Student receives a Badge named Elegant Investor Start and a Certificate issued for the Elegant Investor Start course.
15.2. The Student also receives the Elegant Alumni status together with a Badge named Elegant Alumni, if it has not been granted to her earlier.
15.3. The Badges are visible in the Student's profile on the Platform. A Badge does not take the form of an object or of a file.
15.4. The status given in point 15.2 gives the possibility of buying courses from the Elegant Investor Premium line and the Elegant Alumni subscription without restrictions.
15.5. After completing a Track the Student receives a Badge and a Certificate issued for the Track chosen, that is for the Elegant Dividend Investor Start course or for the Elegant Growth Investor Start course.
15.6. After completing a Track the Student also receives a distinction named Elegant Share, on the terms set out in the Terms of the Loyalty Program.
15.7. The distinction given in point 15.6 is not available to a Student who ended her learning at the Basic Part in accordance with point 16.2.3.
§16. The choice of Track
16.1. The price of the Course covers the choice of one of the two Tracks.
16.2. The Student makes the choice through a survey available in the Course. The survey has three answers.
16.2.1. Elegant Dividend Investor Start.
16.2.2. Elegant Growth Investor Start.
16.2.3. Ending the learning at the Basic Part.
16.3. The choice of a Track is not compulsory. The Student may end her learning at the Basic Part and then receives all the distinctions given in points 15.1 to 15.4.
16.4. The choice can be made at any moment while the Course lasts, and no later than within six months of the Joining Day.
16.5. The survey is filled in once. The choice is final and concerns all three answers given in point 16.2.
16.6. The choice cannot be changed later.
16.7. After the time given in point 16.4 the page with the survey stops being available. No choice within that time means ending the learning at the Basic Part.
16.8. A Student who has ended her learning at the Basic Part is not entitled to a refund for the Track not used.
16.9. Access to a Track opens once the choice has been made.
16.10. Starting the learning in a Track requires the Basic Part to have been completed earlier.
§17. The course of the learning in a Track
17.1. A Track covers four theory lessons of 30 minutes and four practice lessons of 60 minutes.
17.2. A Track has its own presentations, quizzes, exercises, additional materials and its own Exam.
17.3. Paragraphs 8, 9 and 10 apply to Meetings in a Track.
17.4. Paragraph 12 applies to Quizzes in a Track, and paragraph 13 to the Exam.
17.5. The conditions of completing a Track are set out in point 14.4, and the distinctions in points 15.5 and 15.6.
§18. The Elegant Investor Tool and the demo account
18.1. The Elegant Investor Tool, that is the Service Provider's own set of analytical tools available on the Platform, is made up of five parts.
18.1.1. Elegant Investment Plan, that is the part used to write down your own investing plan, made up of six sections covering the investor profile, the financial basics and limits, the goals together with the strategy, the structure of the portfolio, risk together with the rules of managing it, and reviews and further learning.
18.1.2. Elegant Stock Database, that is a list of companies used to search for them and to make a first selection. In a Track it is made available as the Elegant Dividend Database or as the Elegant Growth Database, depending on the Track chosen.
18.1.3. Elegant Fundamental Check, that is the part used to carry out an analysis of a single company and to write down its result.
18.1.4. Elegant Investor Portfolio, that is the part used to keep a record of the companies held, the capital paid in, the dividends received, taxes and the structure of the portfolio.
18.1.5. Elegant Investors Talks, that is the place for the exchange of experience between investors.
18.2. Every part of the Tool is made available separately. Access to one part does not mean access to the others.
18.3. The Basic Part opens access to the part given in point 18.1.1, for the period given in point 19.3.
18.4. A Track opens access to the parts given in points 18.1.2, 18.1.3 and 18.1.4, for the period given in point 19.4.
18.5. The forum given in point 18.1.5 is not within the scope of the Course. Access to it is given by a subscription.
18.6. During the seventh practice lesson the Student fills in the Elegant Investment Plan, going through its sections. The finished plan can be viewed in full, downloaded to your own device or sent to your own email address. A downloaded plan stays with the Student regardless of the access period.
18.7. The eighth practice lesson is held on a demo account with a broker, that is on an account working on virtual funds.
18.8. The choice of broker belongs to the Student. The Service Provider does not act as an intermediary in opening an account and does not recommend any particular institution.
18.9. The demo account serves only to practise the handling of a brokerage account.
§19. Access periods
19.1. Access to the content of the Course, including the presentations with the theory material, is not limited in time. The Student may return to the material also after completing the Course.
19.2. Access to the additional materials, to the Consultations and to the Track choice survey is for a limited time. The periods are counted from the Joining Day, with the exception given in point 19.4.
19.3. Access to the additional materials assigned to the Basic Part lasts ten weeks and covers four items.
19.3.1. Selected articles of the Elegant Investor Library.
19.3.2. Selected lists of the Elegant Investor Notebook.
19.3.3. Elegant Investors Glossary, that is a collection of explanations of terms, stock market abbreviations and the names of indices.
19.3.4. Elegant Investment Plan.
19.4. Access to the additional materials assigned to a Track lasts five weeks from the day the Track opens and covers seven items.
19.4.1. Selected articles of the Elegant Investor Library.
19.4.2. Selected lists of the Elegant Investor Notebook.
19.4.3. Elegant Investors Glossary.
19.4.4. Elegant Fundamental Analysis, that is a collection of discussions of financial indicators and of company reports.
19.4.5. Elegant Dividend Database or Elegant Growth Database.
19.4.6. Elegant Fundamental Check.
19.4.7. Elegant Investor Portfolio.
19.5. Access to the Consultations lasts four months, in accordance with point 11.5.
19.6. The Track choice survey is available for six months, in accordance with point 16.4.
19.7. Continuing the learning in a Track does not extend access to the materials assigned to the Basic Part.
19.8. After the access period has passed the materials stay on the Platform, and opening them again requires the purchase of the product the material concerned is part of.
19.9. Access to the Tool after the periods given in points 19.3 and 19.4 is given by the Elegant Alumni and Elegant Circle subscriptions.
§20. The character of the content of the Course
20.1. All the content of the Course is educational and informational only.
20.2. The content of the Course is not an investment recommendation, investment advice, legal advice or tax advice.
20.3. The Service Provider does not point to financial instruments to be bought or sold and does not point to the investment decision the Student should take.
20.4. The names of companies and of brokers appear only as examples serving to illustrate the subject discussed.
20.5. Tax information is general. The details depend on the country and on the situation of the Student.
20.6. Consultations have the character given in points 20.1 to 20.3.
20.7. Every Student takes her investment decision herself, on the basis of her own analysis and her own financial situation.
20.8. The liability of the Service Provider for educational content is set out in paragraph 20 of the Terms and Conditions of Using the Platform.
§21. Copyright and the recording of Meetings
21.1. The copyright in the materials of the Course and the rules for using them are set out in paragraph 19 of the Terms and Conditions of Using the Platform.
21.2. The materials of the Course are intended for the Student's own use.
21.3. The Student does not record Meetings and does not capture them in another way.
21.4. The Student may download and keep the filled in investment plan and the Certificate on her own device. The other materials of the Course are made available only on the Platform.
§22. The record of learning progress
22.1. The Platform records the Student's learning progress from the moment access to the Course is obtained.
22.2. The record covers the Course items opened and marked as done together with the date, the attempts at the Quizzes together with their results, the attempts at the Exam together with its result, and the Meetings booked and held.
22.3. Opening a Course item marks it as done. This also concerns the presentation with the theory material, the opening of which is treated as its delivery.
22.4. The record is visible to the Student inside the Course and to the Service Provider.
22.5. The record is the basis for establishing the scope of the service used by the Student, in particular in the settlement of a withdrawal from the contract in accordance with paragraph 23.
§23. Withdrawal from the contract
23.1. A consumer has the right to withdraw from the contract within 14 days of its conclusion, on the terms set out in paragraph 15 of the Terms and Conditions of Using the Platform.
23.2. By placing the order and accepting the Terms, the Student requests that the performance begin and that the materials be delivered before the time given in point 23.1 has passed.
23.3. Access to the Course in its full scope is started once the payment has been booked.
23.4. On a withdrawal from the contract the Service Provider establishes the scope of the service used up to the moment of the withdrawal, on the basis of the record given in paragraph 22. That scope is made up of the presentations opened, the theory and practice lessons held, and the Consultations held.
23.5. The refund covers the part of the price falling on the items not used, counted in proportion to their number in relation to the total number of items covered by the price of the Course.
23.6. Together with the refund the Service Provider sends a list of the items used and not used, on the basis of which the settlement was made.
23.7. The refund is made within 14 days of receiving the statement of withdrawal, by the same method as was used for the payment.
23.8. After a withdrawal from the contract the Student stops using the materials of the Course and deletes her copies of them. The rules for using the materials are set out in paragraph 21.
23.9. After the time given in point 23.1 has passed the right of withdrawal is not available.
23.10. Ending the learning at the Basic Part does not give the right to a refund, in accordance with point 16.8.
23.11. A Student who does not agree with the settlement may make a complaint on the terms set out in paragraph 25.
§24. Personal data
24.1. The controller of Students' personal data is the Service Provider.
24.2. The rules for processing personal data are set out in the Privacy Policy.
24.3. The data given when booking, including the email address and the telephone number, is processed for the purpose of confirming the booking and of sending reminders.
24.4. The scope of the learning progress recorded is set out in paragraph 22.
§25. Complaints
25.1. Complaints concerning the Course are made by the Student on the terms set out in paragraph 16 of the Terms and Conditions of Using the Platform.
25.2. A complaint should give the order number and the Course item or the date of the Meeting it concerns.
§26. Changes to these Terms
26.1. The Service Provider may change these Terms for important reasons, in particular after a change in the way the Course is run or after a change in the law.
26.2. The Service Provider gives information about a change in accordance with paragraph 22 of the Terms and Conditions of Using the Platform.
26.3. A change of the Terms does not concern orders placed before the day it comes into force.
26.4. Changes in the content of the Course are set out in paragraph 15 of the Terms of the eLearning Platform.
26.5. The date of the last update of these Terms is given at the beginning of the document. Previous versions of these Terms are archived.