Investment, an exact science

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Monograph

Identifikator:: 865521182

URN:: urn:nbn:de:zbw-retromon-48767

Document type:: Monograph

Author:: Lowenfeld, Henry

Title:: Investment, an exact science

Place of publication:: London

Publisher:: The Financial Review of Reviews

Year of publication:: 1906

Scope:: 1 Online-Ressource (X, 160 Seiten)

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter V - The practical construction of investment schemes

Collection:: Economics Books

must adhere closely to the three cardinal rules for obtaining capital safety, as defined on page 11 of this book. In return for this additional trouble he will obtain an increased yield of up to l£ per cent., and he will experience no difficulty in making his capital produce about five per cent. He should confine himself exclusively to sound Debentures, Bonds, and first-class Preference shares, and he should avoid all stocks which are easily swayed by political and monetary influences, or financial cliques or combinations, taking in preference issues which are less liable to these influences. By these means his capital safety will be quite as secure as if he had invested in accordance with Example I. III. Reduced Capital Safety compensated by a comparatively high yield. An investor who is forced by circumstances to make his capital return him a larger yield than .five per cent, can achieve this object by taking additional trouble over his investments. The stocks which he selects should in the main be of the same nature as those described in Example II., yet giving a higher yield. Ordinary stocks and shares situated in old- established industrial centres may be blended

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