Auto news on Youtube Apr 5 2018

Legendary investor, Peter Lynch, has one of the best performance records in

history. He warns, "there is no use diversifying for the sake of diversity.

A foolish diversity is the hobgoblin of small investors."

[Green Goblin] You don't give people hope... you take it away... I'm gonna take away yours!

What this warning means for you, the dangers of over diversification, and the easy way

you can avoid them. Coming up...

Understanding the importance of diversification is a must for anyone

with money in the market. If you don't yet have a comfortable grasp on it or

would like to explore it more, I dedicated an entire lesson to the

subject in one of my courses at Spicer Capital University. But even if you don't

yet have a complete understanding, most people recognize diversification as

something they should do when investing. But then when you hear quotes, like this

one from Warren Buffett, you can't help but get a little confused. He says that

"diversification is protection against ignorance. It makes little sense if you

know what you're doing." Diversification is protection against ignorance... Almost

sounds like Buffett is calling you stupid if you diversify... I don't think

that's what he's saying. Remember, Buffett himself is diversified. The difference

between him and the way most people diversify is: he understands very well

each and every one of his holdings and—this is key—because he maintains that

standard of familiarity, although he's diversified, he holds relatively few

positions. I believe the diversification the Oracle

of Omaha is referencing is that same hobgoblin of small investors—that

diversification for diversification sake alone—of which Peter

Lynch warned. Seth Klarman, in his book Margin of Safety, sheds some light on the

issue. "An investor is better off knowing a lot about a few investments, than

knowing only a little about each of a great many holdings." That's the issue

with over-diversification: how many positions can you keep up with at that

Warren-Buffett-deep level of understanding. Maybe not that deep... but

you get the idea. The moment you can't keep up is the moment your

diversification loses its value. At that point, you might as well have saved your

time and just invested in a fund that tracks the market as a whole. So what do

we know? We should diversify. But not too much... How much is too much?

At what point should we feel comfortable with our portfolio? Early in my career, I

struggled with this for a long time. I like things to be logical. I didn't just

want some "expert" to throw out a number. I wanted a data-driven system I could

follow—a mathematically supported specific number to work towards. And that

magic number? It exists. you know. I was first introduced to it as I was

listening to Hedge Fund Market Wizards by Jack Schwager (a must-read, by the way,

for anyone who plans to seriously invest on their own). In his interview with

Schwager, Ray Dalio, manager of the largest hedge fund in the world, walks

over to his white board and draws a diagram where the horizontal axis

represents the number of investments and the vertical axis represents the

historical volatility of the portfolio. In his mathematical (and slightly

confusing) style, Dalio explains: "This is a chart that I teach people in the firm

which I call the holy grail of investing." He then draws a curve that slopes down

from left to right. That is, the greater the number of assets the lower the

historical volatility. He continues, "this chart shows how the volatility of the

portfolio changes as you add asset. By the time you diversify to only 15 assets

you can cut the volatility by 80%." At which point, Dalio eloquently

concludes, "and that's a magic number!" If Dalio's explanation left you confused

consider Joel Greenblatt's from You Can Be A Stock Market Genius.

Despite the bombastic title, this is my number one recommended book for anyone

who wants to seriously trade individual stocks.

Remember, Greenblatt's book is about stocks, so in this quote he's referring

to stocks specifically, but the same logic would apply to other markets or

even your overarching diversification (across stocks, bonds, and other asset

categories). He explains, "statistics say that owning just two stocks eliminates

46% of the nonmarket risk of owning just one stock. This type of risk is

supposedly reduced by 72% with a four-stock portfolio, 81% with

an eight-stock portfolio, 93% with 16 stocks, 96% with

32 stocks, and 99% with 500 stocks." Each additional stock has a smaller and

smaller impact on reducing your risk. With these numbers, clearly having an

intimate understanding of just four stocks would be way better than holding

a single stock or than trying to keep up with 50. With the one, even if you know it

like the back of your hand, things can happen that are out of your control.

This is always true that's the primary reason for diversification in the first place.

With the 50, how—even if you're doing this full-time—can you keep up with the

intimate understanding of the fundamentals guiding each of your

positions? ...you can't! So if you only have time to

identify four... great! That's better than the alternatives. If you can get it up to

eight... even better! The sweet spot, for me and my clients at least, is between 10

to 16. But remember, this is my passion and my full-time job. I can keep

up with 10-16 positions, while also looking for new positions that are

even better to replace those. You'll need to discover your exact capability and

comfort level. Just remember: don't diversify for diversity's sake alone!

Make sure you understand each and every position you hold. And if you're not

comfortable doing that research on your own but don't want to hire an expensive

advisor to do it all for you, then find someone you can trust to help. But of

course, if you watched our last video, then you know how to use that research

and the dangers of trusting that person without also gaining your own

understanding or having access to all the information. This is why I set up my

Patreon account. So that I would have a way to give you open access to all the

trades I make and why for myself and my clients. Now take your number.

Whether it's 16, 10, or 4 and put it to work for you in your portfolio. Or use

this to keep an eye on your advisors, to make sure they know what they're doing.

However you choose to use it, I hope it helps! And if you're new here: I hope

you'll join us on this journey to building your rapidly growing highly

diversified net worth, one video at a time. Just click subscribe and then the

notification bell and you'll be on your way! Thank you for watching.

Click the like button if this has helped you in some way. I can't wait to see you

in the next one. Take care!

For more infomation >> How to Diversify Your Portfolio | How Many Investments Is Ideal? - Duration: 7:52.

-------------------------------------------

How Many Calories Do I Need To Lose Weight? how i lost weight - Beauty And Health - Duration: 10:17.

Calories are those little units of energy we consume whenever we eat, well, anything.

And they are arguably the most talked-about part of any weight-loss journey.

The general rule is that if you eat more calories than you use, you'll gain weight. And if

you take in fewer calories than you use, you'll lose weight. And if those numbers are more

or less even, your weight will stay about the same. It seems simple, but the number

of calories you need to lose weight, maintain weight, or gain weight from lean muscle depends

on your activity levels, body size, hormones, sleep, and more, explains registered dietitian

Wesley Delbridge, R.D., a spokesman for the Academy of Nutrition & Dietetics. So figuring

out how many calories you need per day can be crazy-complicated.

And, it's also important to remember that, when it comes to cutting calories for weight

loss, lower is not always better. According to the American College of Sports Medicine,

your calories should never dip below 1,200. That's because most women, unless they are

very small, will burn more calories than that doing literally nothing, says registered dietitian

nutritionist Jonathan Valdez, R D N, C D N, owner of Genki Nutrition and a spokesperson

for the New York State Academy of Nutrition and Dietetics. "Less than that and you could

shock your body into starvation mode, which will slow your metabolism, decrease your muscle

mass, and likely keep you from getting the nutrients you need to sustain daily activity,"

Delbridge explains.

So, if you're asking yourself, "How many calories do I need a day?" read on as experts explain

what you need to know to get your calorie intake just right.

How To Determine Your Base Calorie Needs. In order to figure out how many calories you

need to lose, or even gain weight, you first need to determine how many you need to maintain.

As a first step, Delbridge recommends checking out the latest Dietary Guidelines for Americans,

as they can give you a good estimate for what you need to stay the same weight. The guidelines

say young women should aim for 1,800 to 2,400 daily calories, depending on age and activity

level, but that range isn't necessarily tailored to your specific needs—so it's

not as precise as it could be.

For a more exact number, start by finding your basal metabolic rate (BMR), which is

the minimum number of calories your body burns at rest, suggests physical therapist Grayson

Wickham, D.P.T., C.S.C.S., founder of Movement Vault. Your BMR accounts for 60 to 75 percent

of your total daily calorie burn, according to a review in Medicine and Science in Sports

and Exercise.

"To most accurately calculate your BMR, you'd need to go to a lab to have your carbon

dioxide and oxygen analyzed after having fasted for 12 hours and slept for eight. But, that

can be a little pricey and a rough estimation of your BMR can be found using a few different

equations,"says Wickham.

One study published by the Journal of the Academy of Nutrition and Dietetics found the

Mifflin-St. Jeor equation to be highly accurate, so it is now considered the gold standard

when it comes to calculating BMR. For comparison's sake, however, some experts prefer the Harris

Benedict equation for determining BMR.

For women, the Mifflin-St. Jeor equation equation is: BMR = (10 x weight in kg) + (6.25 x height

in cm) – (5 x age in years) – 161.

So, for a 25-year-old woman who is 5'4" and weighs 150 pounds, the BMR equation would

look like this: BMR= (10 x 68) + (6.25 x163) - (5 x 25) -161 = 1,413 calories

For women, the Harris Benedict equation is: BMR = 655.1 + (9.563 x weight in kg ) + (1.850

x height in cm) - ( 4.676 x age in years).

So, for the same woman, the BMR equation would look like this:

BMR= 655.1 + (9.563 x 68) + (1.850 x 163) - ( 4.676 x 25) = 1,490.

As you can see, the results for both are slightly different, but they're pretty darn close,

says Wickham. When you find your BMR on your own, consider it a really good estimate, not

a hard-and-fast rule, he adds.

For both equations, finding your BMR requires your weight, height, age, and gender (yes,

guys have their own equation). Wondering why? "The more you weigh and the more mass you

have, the more fuel you need to sustain your organs," explains Valdez. That's why people

who weigh more have heavier BMRs.

Age is a factor in the equations because, as you get older, muscle mass declines by

5 or so percent each decade after the age of 30, Wickham explains. This might change

as more women start strength training, but as a general rule, that's fair, he says.

And if you're wondering why the formula is different for men and women, it's because

research published in The Journal of Clinical Investigation shows that a woman's BMR is

typically around 5 to 10 percent lower than a man's.

Now what? Once you know your BMR, you know the bare minimum number of calories you would

need to keep your body alive if you were going to lay in bed all day, says Wickham. But you

need to take into account everything else you do that burns calories (walking the dog,

folding laundry, climbing five floors of stairs to your apartment, bi-weekly CrossFit class,

Thursday evening yoga…).

To do that, multiply your BMR by the factor that best represents your activity level.

If you are sedentary = BMR x 1.2. If you do light exercise 1-3 days a week = BMR

x 1.375. If you exercise at a moderate intensity 3-5

days a week= BMR x 1.55. If you are exercise at a high intensity 6-7

days a week = BMR x 1.725. If you are into two-a-days or have a physically

demanding job = BMR x 1.9.

How Many Calories You Need To Lose Weight. Okay, so how many calories do I need a day

to lose weight? Once you know how many calories you need to maintain your weight, you simply

subtract some calories to put yourself into a caloric deficit. How many calories? Well,

to lose roughly one pound of fat per week (a healthy goal) you need a 500-calorie-per-day

deficit, he explains. In other words, just delete 500 calories from the number you found

above.

But a calorie deficit doesn't have to (and, in reality, shouldn't) come solely from eating

less, says Valdez. Exercise can help, too. If you are game for taking your workouts to

the next level, Valdez recommends decreasing your calories from food by 250 per day, and

increasing the intensity or duration of your workouts so that you are burning an additional

250 calories two to three times a week through exercise.

That means if you already take a cycling class three days a week, add in a 30-minute walk

two days per week to keep the calorie burn going. Or, if you currently live a lightly

active life, consider incorporating a yoga class, strength-training class, or hike into

your routine.

However, that does mean that on the days you don't do any physical activity at all, you

should decrease your calorie intake by closer to 500 cals, he says. Your goal is to burn

about 500 fewer calories than you take in per day, through diet, exercise, or both.

You do the math.

How Many Calories You Need To Gain Weight From Muscle.

Not everyone who counts calories wants to lose weight. Some want to gain it from lean,

powerful muscle. Gaining weight from muscle is a great way to improve your health and

even decrease your body-fat percentage. Bonus: Since muscle is metabolically active, it can

also help you shed fat without cutting calories, says Wickham. When you start to gain muscle,

your BMR will increase, which means that your body needs more calories just to go about

its daily function, he explains. (Hit the reset button—and burn fat like crazy with

Women's Health's The Body Clock Diet!)

"If you want to gain weight, the simple trick is to tack on 250 to 500 extra calories

in healthy, whole foods per day. Every one to two weeks, you'll have added a pound

safely," says New York City nutritionist Brittany Kohn, R.D. To gain muscle without

also gaining fat, you need to increase your protein to 1.8 to 2 grams per kilogram of

body weight every day, so the majority of these additional calories should come from

protein, says Valdez. And the rest should come from carbs like whole grains, fresh fruits,

and vegetables, which will help power your workouts.