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 VI - The treatment of existing investment lists

Collection:: Economics Books

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

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