L' arbitrage international chez les Hellenes

Investment, an exact science

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Monograph

Identifikator:: 866692347

URN:: urn:nbn:de:zbw-retromon-93845

Document type:: Monograph

Author:: Raeder, Anton Henrik http://d-nb.info/gnd/115767741X

Title:: L' arbitrage international chez les Hellenes

Place of publication:: Kristiania

Publisher:: Aschehoug [u.a.]

Year of publication:: 1912

Scope:: 1 Online-Ressource (322 Seiten)

Collection:: Economics Books

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86 Many investors indulge in some small speculative transactions, or hold, for personal reasons, small interests in some particular enterprises. These minor holdings form no part of the real Investment Scheme ; they should be treated like a petty cash account ; otherwise these extraneous holdings will obscure the results which the Investment List is producing, and impede its proper working. Investors derive no benefit from holding two or more stocks which are subject to the same Trade Influences. Every additional stock held entails additional labour in super vising its progress, and as it is futile to create additional work which can be produc tive of no beneficial results, the number of stocks held should be reduced to as low a point as is compatible with adequate Geo graphical Distribution. 2— The Quality of the Stocks held. As to the quality of the stocks, which an investor elects to buy, he must be guided by his own Income Requirements. Investors who are content with a yield of 4 per cent, or under should make their selection among high-grade securities, similar to those which in British stocks rank immediately behind the gilt-edged group. Those who desire a yield of from 4 to 5 per

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