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

104 respect ; but investors should always remember that the sooner they get into a really sound investment position the better it naturally is for them. It frequently happens that investors delay the re-arranging of their investments because their own investments have fallen in value and they prefer to wait for a recovery in prices. It is, of course, most unsatisfactory to sell at a loss ; yet, in many cases, the first loss is the best. Waiting for a recovery in prices means speculating on a future event. There is really no difference between a man waiting for a stock to recover and another buying this same stock in a speculative way with a view to its rising in price. It is from this standpoint that all investors who are reluctant to face a loss should consider the matter, and if they are content to speculate as to the future, they can then delay their reconstruction of investment. There is, however, another way in which the contingency of selling at a loss may be met. In almost every Geographical Division there are some stocks to be found which at some time or another have commanded higher prices than those at which they can be bought when a reconstruction is contemplated. By exchanging the investments which show a loss

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