The Art Of Investing

How can I invest my money to make it pay a fair interest, and at the same time insure its safety? ” is a question daily asked by thousands. With the multiplication, consequent upon the growth of wealth among us, 0f that class of persons who want to live by their means, without care or labor, the number of anxious inquirers on that point is constantly increasing. It would seem, when reference is had to the many securities, both bonds and shares, that are offered, often at temptingly low prices, to be a question very easily answered. The truth is, that there is none more difficult. The ordinary investor who goes about the work of converting his cash into paper combining the two elements of value spoken of, finding himself hopelessly embarrassed by the seeming richness of the market, soon gives up in despair, and turns the job over to some banker or broker who works for a commission.

Experience shows that even then he is too often the victim of defective judgment or misplaced confidence. If it is difficult to make money-a proposition about which there will not be much diversity 0£ opinion-it is in most cases even more difficult to keep it profitably employed. Men 0f prudence and skill in the acquisition 0f capital often show astonishing recklessness in the disposition they make of it. The strangest caprices take possession of them when it comes to the critical moment that calls for a choice of investments. And as riches are always clothed with folded wings ready to expand at the most unlooked- for exigencies, it is not much wonder that they frequently take to the winds and pass beyond recall.

Contents:

– CHATER 1: INVESTING 

• GOVERMENTS
• STATE OBLGATIONS
• MUNICIPAL OBUGATIONS
• RAILROAD MORTGAGES
• RAILROAD STOCKS
• OTHER STOCKS
• FARM MORTGAGES
• RANCH SECURITIES
• WATER-WORKS LOANS
• STREET-RAILWAY BONDS
• MISCELLANEOUS BONDS
• MINING SECURITIES
• BRIDGE BONDS
• SUBSTITUTIOY SECURITIES

– CHATER 2: SPECULATING

The Art Of Investing By John Ferguson Hume PDF