CHAPTER VI.
THE TREATMENT OF EXISTING
INVESTMENT LISTS.
But few of those who read the pages of this
book will find that their own investments are
distributed in the manner suggested by us as
the safest ; because stocks and shares are
usually acquired gradually, and added to from
time to time without any definite Investment
Scheme being followed.
Whenever the investor’s banking account
discloses an unnecessarily large cash surplus,
a stockbroker is consulted, and this or that
stock is bought without any regard to previous
‘purchases, and without considering the fitness
of the new stock to assist in the development
of a wide distribution of risks. As the sums
of money so freed for the purpose of invest
ment naturally vary, at one time a large
purchase is made, whilst on another occasion
only a small amount of stock is required.
As a natural result the most curious com
binations of investments are strung together,
in which the quantities of the various stocks
held bear no symmetrical proportion to each