Do a reality check with the past before you invest

There is very little that’s new when investing. It’s always a good idea to look to the past so you don’t repeat other people’s mistakes.

Want to get rich or stay rich in difficult times? This week's magazine is packed with ideas on how you can do that. We look at Japan (still one of the best places to be invested). We look at gold (you must have some). We appraise a new emerging-market investment trust from Stewart Investors (which I like). And in our cover story we look at how you might make money from TV.

However, it's worth noting that many of this week's suggestions reference the past. We look at how gold has behaved in times of inflation and war, and at how today's valuations compare to those of the past in various markets, for example. None of these things tell us exactly what the future will bring. But they certainly give us some handy hints.

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Merryn Somerset Webb
Former editor in chief, MoneyWeek