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&#39Golden rules&#39 for investors

National IFA RJ Temple has produced a guide listing what it calls the golden rules of encouraging savers back into the investment market.

The free guide, called Five Golden Rules For Successful Investing, comes with a tax facts leaflet updated following the Budget. The first rule, “Don&#39t put all your eggs in one basket”, advises investors to spread their money between cash, property and shares.

The second, “Time in the market, not timing the market”, advises them to look at long-term investing, while the third tells investors to “Set aside a healthy rainy day fund”.

The final two, “Don&#39t chase past performance” and “Invest in haste repent at leisure”, recommend that investors take their time over their choices and avoid picking funds just because they have performed well in the past.

The guide includes performance charts for the last one, three and five years to the end of February, which will be updated every six months.

Marketing director Ian Millward says: “Our guide is aimed fairly and squarely at the less experienced investor. It will not turn anyone into an overnight expert and it advocates taking a sensible approach to saving and investing.

“Even experienced investors can fall into the trap of buying this month&#39s top performer or flavour of the month investment but the real key to success is to make it to make sure the bulk of your nest egg is spread across a range of savings and investments. It is very easy to think of successful investing as some sort of dark science but if you stick to a few simple home truths, it is actually much easier than most people think.”

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