Five key principles for successful investing

With the the Retail Distribution Review (RDR) now in force, there’s never been a better time to get to grips with the basics of investing. Here, Tim Bennett outlines five key principles to follow.

If you've been meaning to take charge of your own money, but haven't quite got round to it, 2013 is the year to start. The Financial Services Authority's Retail Distribution Review (RDR) is now in force.

You can read more about here (What the new IFA rules mean for you), but in short the cost of financial advice is set to become a lot clearer and many investors will get a nasty shock when they realise just how expensive advice can be.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

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.