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Yes. There are no silver bullets, but there are plenty of golden rules. We have 52 of them in our MoneyDeck series of articles.

Some of the most important are:

  1. over the medium-term, you have to beat inflation as a minimum, or else you are losing purchasing power
  2. this means that you will have to take on some risk to achieve the growth you need – sitting in cash is not a long-term option, no risk is the biggest risk of all
  3. asset allocation is more important to returns than stock selection
  4. risk management is vital – don’t have more than 2% of your money in a single investment (apart from your house) and watch out for  multiple investments with the same company
  5. buying things when they are cheap gives you more chance of doing well, so you need to learn how to value things

Category: Lessons and Rules

← Are there any golden rules?

Mike Rawson

Mike is the owner of 7 Circles, and a private investor living in London. He has been managing his own money for 35 years, with some success.