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 IV - Why geographical distribution protects both capital and income

Collection:: Economics Books

68 the counterpoise of the Investment List ; for, however numerous are the countries over which an investor has geographically distributed his capital, there are always other countries available whose trade interests stand con trasted with those of the countries in which he has already invested. As it is the differences in trade which are the main cause for the rise and fall in the value of the individual stocks, the system of poise and counterpoise will still be maintained if the proceeds of the stock realised be invested in a country which has not already been selected, but whose stocks stand at a temporary depreciation. If, therefore, a stock which shows a consider able profit is realised, and the proceeds in vested in a stock of another country yielding a higher rate of interest, but whose price is below its normal value, the advantageously acquired new purchase should, in its turn, at no distant date, display a similar profit to that already secured. When a geographically distributed Invest ment List is judiciously managed in this fashion, it becomes practically certain that the realisation of one profit will tend to the future accumulation of another pivfit. The investor will now begin to perceive that one of the main advantages offered by a

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