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

92 with the directions given in the examples set out in the early part of this chapter, then more divisions become necessary. The number of geographical divisions amongst which an investor decides to distribute his Capital should always increase in direct ratio with the Income-Yield worked for. In an Investment List constructed to yield an income of 4 per cent, the minimum number of stocks and of geographical divisions will suffice. But, when the investor requires a yield of 5 or 6 per cent, from his capital, and con sequently purchases stocks of a more specula tive type, Capital Distribution should be made as wide as the amount of capital will permit. This, of course, applies also where the selected stocks are desired to show large fluctuations. If the reader will again refer to the map of the world we will lead him on to further countries in their natural succession. In order to show clearly the motive for our selection, and to aid the reader when we come to the question of realising investments, we would ask him to provide himself with a few pins to repre sent stocks and to fix first of all five of them into the divisions already selected, thus :—One in the spot denoting London, one in the spot denoting San Francisco, one in Tokio, one in Cape Town, and one in Melbourne, and a

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