The Business Almanac

The Business Almanac

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1911 edition. Excerpt: ... of New York ity. It declined steadily. About two years ago a New York trust company asked all such stockholders to exchange their stock for Interborough-Metropolitan Company stock. I did so, and now I hold more than 500 shares of Interborough Metropolitan preferred, which also has declined steadily, until my investment has shrunken in volume to about $11,000. "The reat decline has almost mined me, and with the stoppage of dividends has left me wit absolutel no income; for all my money is tied up in this stock. I bought it again and again in a eclinin market, hoping to make a lower average when it went up, being unconscious of the 'hig finance' methods of the mana e1nent. "I have worried over my unfortunate investment until am a sick man. Will you kindly look at my case, and see what is favorable and what is unfavorable, strike a balance, and tell me what to do?" The moral is: Never, under any circumstances, allow yourself to be induced to put all your eggs in one basket. No matter how enthusiastic you may be; no matter how alluring may be the literature that is sent to you by interested parties; no matter how golden may appear the promise of the future; no matter how absolute may appear the security behind the investment--in spite of any of these inducements or of them all and many more that might e added, never allow yourself to be caught with your fortune, your trust funds, even your savings in any considerable amount, invested in a single security of a single corporation. By way of contrast the annual report of a particularly well-managed hfe insurance company is analyzed here. It held in security investments No. of Averase difierent amount Aggregate issues of held of each amount. securities. security. Municipal...show more

Product details

  • Paperback | 78 pages
  • 189 x 246 x 4mm | 154g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236846818
  • 9781236846815