Your Questions About Is It Good To Invest In Diamonds

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Joseph asks…

Is it worth paying extra for better colour in a Diamond?

I am going a buy an engagement ring and have two options through a friend who buys diamonds. I either can get a ‘1.1 crt J colour Vs2 clairty’ or buy a ‘1.1 crt H colour SI1 clarity’ for an extra $1100.

Not sure if its worth spending the extra money or not of the H. Thoughts please?

Justin answers:

You need a bit more information than just the color and clarity. What is the cut on both diamonds? Are they graded? Who are they graded by?

Personally money aside I usually go with a better clarity if the color is close and near colorless. However, I wouldn’t invest in a diamond these days without a GIA grading report either.

So I would get a bit more information on both diamonds. Good luck!

Michael asks…

What other stones can I have in my wedding/engagement ring?

Diamonds are very expensive, but I want a stone that looks similar to a diamond. What other stones are there? What are the pros and cons of having those stones instead of a diamond? Thank you!

Justin answers:

The main colourless stones available that I would consider are CZ, Asha, Moissanite and White Sapphire.

CZ is graded from A-AAAAA. A single A meaning it looks like cheap glass, and AAAAA meaning it is top quality and will pass for a diamond even by the trained eye. CZ is not incredibly hard, meaning it may not be very durable and is known for clouding over time. This means you may have to replace the stone from time to time, but at the price of CZ, you’re still saving thousands over a diamond. CZ could be a good option if you’re on a budget or you would fear losing the ring, or it being stolen. Also, makes upgrades easy, since it is so affordable.

Asha is your best diamond simulant. It is a CZ with diamond top layer and is cut to ideal dimensions so it looks like a top quality H&A diamond. It will fool the professionals until they bring out special testing equipment. It is priced significantly lower than a diamond, but it only has the durability of a CZ, it may last your lifetime, it may not. If I wanted a stone to simulate a diamond, I would get Asha. Try ashadiamonds.com

My ring is moissanite. I chose moissanite because it has amazing fire and brilliance so it gives off tons of sparkle. It is this sparkle that doesn’t make moissanite a diamond simulant. Most people do believe it is a diamond only because they have never heard of moissanite, but those who know of moissanite will recognize it. I can certainly tell the difference, but I know what to look for. Moissanite has double refraction which can give it a blurry look, while diamond is only single refraction. Moissanite in larger sizes can also be somewhat coloured and you won;t find moissanite in a crisp white like some diamonds. But, moissanite can be enhanced to be colourless. Moissanite is very durable, second only to diamond. While not as hard as a diamond, it is stronger because it doesn’t have the fractures that a diamond has, leaving diamonds vulnerable to shattering with impact. I chose moissanite for the sparkle and durability, not to fool anyone. Another benefit of moissanite is that it actually repels dirt and oil to stay clean, while diamonds and CZ absorb oil which takes away from their sparkle. It doesn’t need to be cleaned as often, you can expect to clean diamond and CZ every week. My ring came from moissaniteco.com

Sapphires, including rubies are a great choice for engagement rings because they are very hard and quite beautiful. The white sapphire does not look like a diamond, but you will find people who don’t know the difference will assume it to be a diamond. White sapphires do get very dirty very quickly and you will have to invest time into cleaning it.

For other options, try this site here: http://www.gemselect.com/group/gemselect.php?x_ByType=on

It has a full range of gemstones that are very affordable and very gorgeous.

ETA: Deborah is wrong. Moissanite has 2.4 times the fire of diamond and 10% more brilliance.

Paul asks…

How to invest money for retirement?

If you received $75,000 in an unexpected inheritance, how would you invest it to receive max returns for retirement in 10 yrs?

Justin answers:

Is everyone dying, cause this is the 3rd inheritance question I have read in the last 30 minuets.

I would really seek a professional with 10-15 years experience in the business for advice.

1. Traditional IRA? No. Small tax benefit now, but 100% of withdraws are taxed as ordinary income at future tax rates. Do you think taxes will be higher or lower in the future? Nuff said.

2. Instead, consider opening a ROTH IRA. Max out each year. Tax free withdraws on principle after 5 years and no income tax on gains after retirement 59 1/2. Get a no fee account such as with Fidelity.com

3. Dollar Cost Average in the S&P 500 Index (no load fund or stock symbol “SPY”). Reinvest ALL dividends in the S&P 500. This is key for making money long term in the index!

Http://en.wikipedia.org/wiki/Dollar_cost_averaging
http://en.wikipedia.org/wiki/S&P_500

Avoid Gold. According to Chase Global Digest, Gold is the second worst performing investment class after diamonds.

If you bought gold 28 years ago, you are about ($100-150 gain -whoopie!!!) from where you bought it, technically at a loss, because inflation ate away buying power.

If you invested in the S&P 500 Index 28 years ago you would have multiplied your money many times over.

You need a 10+ year time frame when investing in broad market indexes.

Looking for short term safety?

US Treasury Bills and US Treasury Bonds.

Buy directly from US Government (no fees). Principle Guaranteed by US Government. Unlike a bank CD, there is No federal income tax on US Treasuries.

Http://www.treasurydirect.gov/indiv/myaccount/myaccount_legacytd.htm

If you have other income, the best thing you could do if you could work it out is to buy a bank owned home that is selling 40-50% below current market.

1. You have a place to live.
2. In 10-15 years the property should have increased.
3. Tax deduction benefits.

This is a rare opportunity to buy distressed property. I wouldn’t buy any home, only a distressed short sale or bank repo that is (again) 40-50% below current market. A good aggressive real estate agent can help negotiate.

I would prob put the money into US Treasuries for 30 days and do nothing. Then get sound advice.

Please just don’t start aggressive investing, speculating, trading, getting into Forex, gold, buying coins, jewelry, buying a new car, or some other worthless or risky, or historically poor investment.

You have one chance to make a good sound decision. Do you want the money to last or blow it on what’s hot now?

Good Luck!

Ken asks…

Are microdermabrasions really effective in making skin healthier or look better?

Are “diamond” microdermabrasions better than regular ones? Is it important to keep getting them (they are often sold in packages of 6 treatments)? Any advice would be helpful.

Justin answers:

There are multiple things you need to do to make skin healthy. Microdermabrasion is effective in abrading the top dead skin layer, so newer skin cells is shown.

Okay, here is the thing: YOU DO NOT NEED MICRODERMABRASION. IT IS NOT WORTH IT.

Microdermabrasion is an expensive way to exfoliate – that is it! If you want microdermabrasion, you can get more affordable alternative at the drugstore. But, the best way to get exfoliation is via hydroxy acid exfoliation such as salicylic acid or glycolic acid. The reason is that the size of the acid is on the molecular level, which allows it to penetrate the skin better and unglue dead skin cells.

Bottom Line: you invest in professional “diamond” microdermabrasion because you can afford it, NOT because it is the best in anyway.

Steven asks…

How fast does gold appreciate and will it be worth the money?

I’m 26 and am trying to figure out the best stocks to invest in as part of my retirement plan.

Justin answers:

Put you money in gold and you will be working at the check out counter at the grocery store when you are still 70. Seriously….

Historically, gold is the 2nd worst performing investment after diamonds, according to Chase Global Digest.

Take a look at this 30 year gold chart:
http://goldprice.org/30-year-gold-price-history.html

Gold hit a record high in the early 1980’s when we had double digit inflation. Gold plunged ever since. It took about 26 years to break that record high, only to come crashing down again.

You want to be in equities if you are looking 15+ years for retirement. At your age you want to be more aggressive and dollar cost average every month to ride the ups and downs more effectively over time.

I would be indexing much of my retirement in the S&P 500 Index, Midcap 400 Index, Russel 2000 Index.

Maybe 15% in international index since many international markets like China are down 45-50% over the last 2 years.

Http://en.wikipedia.org/wiki/Dollar_cost_averaging

Good Luck!

Chris asks…

How do I get mold out of my bedsheets?

I have noticed tiny black spots on isolated areas of my bedsheets and pillow cases. They appear to be mold. They start out as pin-sized black spots and grow larger in a diamond shape. I have tried washing in hot water and bleach and they disappear for about a week and then begin to return. They don’t appear to be on mattress or pillows -just on sheets and more on the side where I sleep. Where did this come from and how do I get rid of it? I would toss the stuff, but it belongs to an expensive bed set, so I really want to save it.

Justin answers:

That sounds more like bed bugs (for real) than mold. Toss it all if thats the case. You know, I’d toss it all anyway whether it’s mold OR bedbugs. When you get your new mattress, invest in a plastic liner, because you’re either wizzing in the bed or sweating profusely. I know this won’t get picked as best answer (obviously), I’m just letting you know, straight up.

Richard asks…

Where’s best place to sell my diamond wedding ring in San Jose California area?

Paid $2000 for it and it has it‘s certificate. Size 8. Three diamonds.

Justin answers:

Invest in your love and to be happy.
When you make a commitment to a relationship, you invest your attention and energy in it more profoundly because you now experience ownership of that relationship.

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