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 III - The geographical distribution of capital

Collection:: Economics Books

54 which yield a larger income than he can hope to receive from an Investment List which disregards the important point of GeographicalDistribution. Before proceeding further with the question of how far it is prudent to attempt to employ Geographical Distribution as a means of en hancing income, let us re-affirm our opinion that capital safety should always be an investor’s first consideration. But, unfortunately, this life is prolific of circumstances under which counsels of perfection are of no practical utility. For example, let us suppose the case of a professional man with rapidly increasing family responsibilities, and a slowly growing professional income which is supplemented by the interest yielded by his private fortune of £4,000. To a man so placed, who roundly asserts that £240 per annum is the minimum income from his private means upon which he can make both ends meet, it is useless to advance the perfect theory of investment. Circumstances compel him to seek a yield of 6 per cent., and, under the circumstances, his financial adviser can only put him in the way of securing this income with safety. In cases of this description a most carefully prepared International Investment List will prove the greatest of boons ; for the stocks, displayed on a chart given in Chapter V.,

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