Your Questions About 10 Golden Rules Of Investing

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Joseph asks…

How to fall asleep/Better sleep.?

How do i get to sleep, and/or get a better sleep.?

Justin answers:

Hi there
your sleeping pattern will be adversely affected by sedentary behavior , lack of regular sleep pattern and use of stimulants eg: coffee , alcohol or nicotine

and now i will introduce you to the golden rules for good sleep:

1- Establish a bedtime routine , with regular times for going to bed and getting up.

2- Sleep only as much as you need to feel well rested and wake up feeling refreshed

3- Get up at the same time every day -lying in on days off disturb sleep patterns, taking a 10- 20 minute afternoon power nap is better option for your body

4- Make your bedroom quiet and relaxing ! Reduce unwanted noise and light . Invest in good mattress and pillows and keep the room cool

5-Don”t go to bed hungry – carbohydrates have a mild sleep – enhancing effect , so try toast , cereal or some fruit . Large meals close to bedtime are hard to digest ; keep to light snacks and avoid sugary, spicy or fatty foods wich act as stimulants .

6- Avoid drinks containing caffeine ( coffee, some teas , colas and chocolate ).

7- Early evening exercise will promote sleep ! Your body temperature rise and later falls , making it easier to sleep . Try not to exercise too close to bedtime ( within 2- 3 hours )

8- Consider relaxation techniques eg. Deep breathing relaxing each limb in your body

9- If you wake at night – get up, do something relaxing in another room( jigsaws are recommended) and then return to bed later .
For more info or further reading you can find me at www.mastery-journey.com

Thomas asks…

I have 80,000 in super & i want to self fund it & buy an investment property?

invest property around 180,000. current super contributions are 10,000pa. does the set up cost of smsf come from the fund …where do i start.

Justin answers:

Hi Geoff

Generally speaking it’s inadvisable to start your own SMSF unless you have a total balance of at least $250,000.00. This is due to the cost of not only setting it up but maintaining it legally which must be audited by a third-party.

The idea of putting all your superannuation into one individual property with a negative balance of $100,000.00 defies any degree of responsible investing and carries with it extreme risk. This in itself makes it non-compliant with the ATO as you must act in the “SMSFs” best interest – not yours. Remember – your superannuation is the only source of income you’ll have when you retire. If “diversification” was ever a “golden rule” it certainly applies to superannuation.

Of course, seek independent financial advice with someone who can take into account all of your financial objectives.

Chris asks…

Want to invest quickly and profitably!?

I have a little money not too much, willing to invest maybe $2000, any ideas or tips how to go about this. I dont necessarily need stock but i ideally would like to expand my 2 grand into something BIGGER in a few years. What is the easiest way in doing so?

Justin answers:

1 golden rule son

never ever invest in stocks or may God forbid bonds ,especially penny stocks ,complete lottery and gambling not investing

invest in something that you have control off not banks or corporations

like you can invest in 10 $200 solar panels that will save you money on electric bill just connect them to the grid . It is so very simple .

Money saved money earned

you can do this with water also . Invest in very good well pump and water filters

Investing in self sufficiency does not take much money

William asks…

how to get money in shares easly?

my name is Tejsa.

Justin answers:

It depends how much money you have and which country you are in. In the UK and US I would direct you to www.fool.com for introductory guidance. In the UK, if you only have £10-15K or less to invest, the best way is to buy units in an index-linked fund (or two or three funds). If you have more, learn to study shares with a dummy portfolio on Londonstockexchange.com …. And remember two golden rules a) always spread your risks, never put more than 10% of your wealth in any one share however attractive, because you never know what’s around the corner ; and b) the largest companies are always the slowest-growing. I have other rules like “never put money in a company that isn’t making a profit”, but if you know what you are doing you can make lots by doing just that.

Steven asks…

Why can’t I eat or sleep right?

I’ve been having trouble eating food lately. I feel really queezy when I see food now for some reason, it’s weird. I also can’t sleep right because of nighmares. All of this started around the same time about 3 months ago, does anyone know why this is happening? Thank you in advance for your answers.
I have experienced stress from school and expectations from everyone. And also I’m stressed about entering the army in 4 years, I feel like I can’t really breathe(figuratively), but it’s especially getting worse because I have exams coming up!

Justin answers:

Your sleeping pattern will be adversely affected by sedentary behavior , lack of regular sleep pattern and use of stimulants eg: coffee , alcohol or nicotine

and now i will introduce you to the golden rules for good sleep:

1- Establish a bedtime routine , with regular times for going to bed and getting up.

2- Sleep only as much as you need to feel well rested and wake up feeling refreshed

3- Get up at the same time every day -lying in on days off disturb sleep patterns, taking a 10- 20 minute afternoon power nap is better option for your body

4- Make your bedroom quiet and relaxing ! Reduce unwanted noise and light . Invest in good mattress and pillows and keep the room cool

5-Don”t go to bed hungry – carbohydrates have a mild sleep – enhancing effect , so try toast , cereal or some fruit . Large meals close to bedtime are hard to digest ; keep to light snacks and avoid sugary, spicy or fatty foods wich act as stimulants .

6- Avoid drinks containing caffeine ( coffee, some teas , colas and chocolate ).

7- Early evening exercise will promote sleep ! Your body temperature rise and later falls , making it easier to sleep . Try not to exercise too close to bedtime ( within 2- 3 hours )

8- Consider relaxation techniques eg. Deep breathing relaxing each limb in your body

9- If you wake at night – get up, do something relaxing in another room( jigsaws are recommended) and then return to bed later .

George asks…

What can humans do to save our planet?

We put increasing strain on our planet, all for being able to live a comfortable life and make money, at great cost to others, and the world around us.

So what can we do to avert disaster and save our only home?

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http://www.youtube.com/watch?v=w6EfxeJo1RU

Justin answers:

There are a lot of easy ways to help save the planet, here are just a few

There are many ways you can go green here are just a few

-The golden rule of conservation RRR (Reduce, Reuse, Recycle). Reduce the amount of stuff you buy, the amount you throw away, the amount of energy you use and whatever else you can think of. Reuse anything you can, despite what everyone says recycling isn’t the best thing for the environment, it takes a lot of energy, oil, and water to recycle a bottle of water. So instead reuse what you can (but don’t overdo, reusing a water bottle more than 3 times can cause chemicals to leech into your water). Recycle anything you can’t reduce or reuse, although it uses resources its still better to recycle than to make a new product from scratch

-Unplug appliances when you go to bed: over 20% of a households electricity use comes from appliances that are turned off, but still plugged in and draining power. The worst culprits are computer screens, printers, and home entertainment systems. Anything that has a tiny light, or uses a remote control is pulling electricity from the grid. Before going to bed, unplug your electronics, or if that’s too troublesome, use power strips and flip the switch on those. You help the earth and you help your wallet.

-Reduce the amount of meat you eat (or if you want to go all out, become a vegetarian): It can take thousands of gallons of water to produce a pound of beef (some say upwards of 2,500 gallons). Livestock produce massive amounts of Methane (CH4) which is a much more potent greenhouse gas than CO2. Whenever energy moves from one trophic level to the next (moves up the food chain) 90% of the energy is lost. For example, if a plant absorbs 100 units of energy from the sun, and then a cow eats it, the cow will get 10 units of energy, and then if a human eats the cow, they get 1 unit of energy. This loss of energy happens because energy is used up while living (it takes energy to beat a heart, to keep a body warm, and to grow leaves). Because of this energy loss, livestock uses up 10 times more land than plants to provide the same amount of energy to a person. Imagine how much would be conserved if everyone in America ate 1 less pound of beef a week.

-Grow your own food: Depending on where you live this may or may not be an option. Going to buy food at the grocery store is bad for the environment because you use gasoline to drive there and back, the store uses electricity for lights and air conditioning. The packaging of your food needed to mined, processed, shipped, labeled, filled, and shipped again to reach you, and more often than not the packaging ends up the trash.

-use only natural chemicals in your home: there are over 100,000 industrial chemicals in circulation today and less than 1% have been tested for synergistic interactions in people and less than 0.1% have been tested in the environment. Using industrial chemicals in cleaning products or as pesticides is a serious threat to ecological stability, because of these chemicals entire lakes have become devoid of life, cancer is rampant, and toxic mixes are constantly forming in the environment. Think about this, DDT was banned years ago, but it can still be found in bird populations across the U.S. It can even be found in Alaska where the pesticide was never used!

-Invest in renewable energy: this is not an option for many people due to the cost. The initial capital required to install solar panels or a wind turbine is very high and depending on where you live may not be feasible, however if this an option for you there is no better way to go green.

-walk, or a take a bike, or public transportation: suffice to say this one is obvious, the less you drive you car the better off we are. The less CO2 gets into the atmosphere, the less oil we use the less trash we produce. As a bonus it’s healthy for you too
Source(s):

Charles asks…

What can I invest 10,000$ in?

I have 10,000$ and i want to invest it in something, so my first question is what would be the best thing to invest in? and how do i go about investing it like who do i talk to. and i want the money to grow ALOT. any advice will be good please

Justin answers:

Buy a share or two of Berkshire-Hathaway. The company issues two kinds of shares: BRK-A and BRK-B. The price per share of BRK-B is at about $2900. It used to be at about $5000. I strongly recommend buying Berkshire Hathaway B. This company, owned by Warren Buffett is incredibly stable. They have very little debt. Also, Berkshire Hathaway owns stock in many companies. It even has complete ownership of some companies. Examples of companies whose stock Berkshire Hathaway owns are shown below:

Kraft
Procter and Gamble
Coca Cola
GE
Bank of America

The golden rule of investing is to not put all of your eggs in one basket. In investing terms, this is known as diversification of the portfolio. In this regard, owning stock in Berkshire Hathaway fulfills this marvelously. Owning stock Berkshire Hathaway implies owning stocking in over fifteen different companies. Instead of you having to buy stock in each of these companies, resulting in massive amounts of commissions and fees, you can indirectly own stock in all those companies by buying stock in Berkshire Hathaway. Also, you have the means to own more than just one share in Berkshire Hathaway.

If you go the route of stocks, then you will have to find a broker. If you want to avoid high fees and are willing to do your own research, I recommend a discount broker, Scottrade in particular. Scottrade provides a wide range of highly useful services, while paying only $7 per trade.

Robert asks…

how much would a 2bedroom, 3 bath,1 office with patio house will cot in about 6 years from now?

i want to buy a house but i want to know how much should i start saving to get that type of house….so how much you tihnk a house like that can go for in 6 years?

Justin answers:

It is a good thing you are doing……thinking of investing in the future. But it is difficult to quantify an exact dollar amount to have in the bank to buy a house in 6-years since the housing market, interest rates etc could change either upward or downward.

But there are some things you can still do to ensure that you have enough cash set aside to take advantage of changes in the housing market that move to the buyer’s favor:

1/ The national average savings rate is under 10 percent and actually closer to 4%……this is too low. So, you have to ensure that you save 3x….so at least 15-20% of your gross income should go into some kind of savings account program…ING has a great savings a/c product that offers 4% which is a rate typically reserved for CD’s.

2/ Your cost of housing should never exceed 28% of your gross income…to save costs consider shared accomodation if needed…

3/ Your total debt (i.e. Rent, credit cards, student loans, auto loans etc) should not exceed 40% of your gross income.

4/ Do not have more than 3 credit cards…..really all you need is 2 cards to score credit. Never use more than 40% of your available credti and always pay on time and at 2x the minimum balance due or in full if possible.

5/ Pay all bills in time and in full and avoid using your credit to guarantee 3rd party debt if possible…..

If you follow these golden rules, you should have a nice reserve set aside to invest in a home in 6-years and some cash saved for emergencies, in the event of job loss, retirement etc….

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