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 I - On investment risks

Collection:: Economics Books

c 2 17 even in the case of the most prosperous con cerns, dividends on Ordinary and Deferred capital are so wholly dependent upon the good or bad business done by the company that dividends derived from capital issues of this sort are never quite free from a taint of speculation. So that investors who desire to receive a safe and regular income must eschew Ordinary and Deferred stocks entirely, and also every type of prior charge which does not show a large surplus of revenue beyond its own individual dividend requirements. There is a large number of stocks and shares known on the London Stock Exchange which are so well secured from an income point of view as to practically preclude the possibility of any irregularity or reduction in dividend pay ments. It is to securities of this class that every investor, who aims at stability of income, should confine himself. It is, of course, possible to average income risks by splitting up the capital to be invested amongst a number of securities paying large dividends and by setting aside a part of this large income annually to cover possible future contingencies. This plan is followed by many careful investors, who thus manage to make a large and fairly stable income.

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