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In all cases where none of the examples
of Investment Aims given in the previous
chapter really fit in with the actual object
desired by the investor, he should either
endeavour to make up a combination, fitting
his case for himself, or he should consult a
competent adviser.
It is just as useless to expect a toy terrier
to grow three feet in height as it would be to
expect a dearly purchased fixed charge stock
to show a considerable increase in capital
value. There are certain future possibilities in
every stock, and unless these possibilities carry
out the investment aims of its holder, disappoint
ment is bound to be the ultimate result.
Before any alterations in the existing
investment list are made, a definite invest
ment scheme, setting forth the number of
stocks to be bought, the class of security
selected and the Geographical Divisions to be
covered, should be made out, and then such
existing investments as do not fit into this
scheme should be sold and the proceeds in
vested in stocks which answer every require
ment of the scheme.
In some cases it is wise to carry out an
entire reconstruction forthwith ; in others, it is
preferable to do so gradually. It is quite im
possible to give any rigid directions in this