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Golden Rules Of Investment

12 GOLDEN RULES OF INVESTMENT Live by these 12 rules and let your money grow!  1) The past is irrelevant –   Do not rely on past performances and build castles in the air. Invest for tomorrow and live for today.  2) Opinions can hurt. Don’t ask too many people –   just don’t!! To each, his own. What works for someone else, may not work for you and vice-versa. Your investment plan should be as unique as the back of your hand. More importantly, it must suit you best.  3) Everyone’s journey is different. Understand yours. –   Do not invest if you’re not clear on the purpose. Do not draw parallels with other investors. Your need for investing, risk appetite, and nature of investments is of utmost importance. You need to understand what you are doing.  4) Don’t allow your ego to engage with professional advice –   Trust your financial advisor! Google can give you lots of information but your advisor will tell you what’s best for you. Listen and then ...
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FARADAY'S LAW OF ELECTROLYSIS

Faraday's laws of electrolysis 
 
First law 
it states that the amount of substance that undergoes oxidation or reduction at each electrode during electrolysis is directly proportional to the amount of electricity that passes through the cell. 

Second law 
It states that when the same amount of electricity is passed through different cells containing different electrolytes and arranged in series, the amounts of substances oxidized or reduced at the respective electrodes are directly proportional to their chemical equivalent masses. 
 
Electrical units of charge 

(i) Coulomb (C): 
Coulomb is the smaller unit of charge or electricity. It is defined as the amount of charge (electricity) that passes a given point when 1A current flows for 1s. 

(ii) Faraday (F): 
Faraday is the bigger unit of charge. It is defined as the amount of electric charge on one mole of electrons. 
The charge of one electron is 1.602 x 10-19C. 
Hence the charge of Avogadro's number of electrons that is of 1 mole of electrons will be 1.602 X 10-19(C) X 6.022 X 1023 = 96473 C/mol e- ≈ 96500 C/mol e- = 1F 

Thus, 
Faraday is the charge of one mole of electrons and we write 1F = 96500 C/mol e-.
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