Most Viewed Automatic Re-investment Of Dividends
Canals And Docks
American Railways
Bonuses
Banks
British Government Funds
Foreign Government Stocks
Borrowers
Colonial Government Securities
Dividends
Least Viewed
Insurance Companies
Surrenders
The Stock Exchange
Loans - The Interest On Which Is Guaran-teed By The British Government
Mortgages
Loans To Corporations And Counties Of The United Kingdom
Terminable Annuities
Table Of Interest On Investments Sample
Railways
Government Annuities
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Investments
GOING back to the parcel of securities which
Miss Smith received from her lawyer, we will
presume that they represent safe investments of
various kinds. It will be prudent, however, to
ask her banker to examine them to see if any,
in his judgment, might be sold with advantage
(either on account of doubtful character or ex-
ceptionally high price), and the money invested
elsewhere. This business the bank will transact
for her; and in the matter of investment, in
addition to using her own common sense as to
the nature of the securities in which she should
place her money, she should seek the advice
of her banker, and rely very much upon his
opinion.
The undertakings in which the public are in-
vited to invest their money are so numerous,
and the prospects of success so speciously
asserted, in good and bad alike, that it is necessary
to be extremely cautious in accepting any state-
ments of the kind without rigid examination and
proof of their being true and genuine. Other-
wise the investment or purchase becomes a
speculation, and, more than likely, will only end
in disaster.
The term "securities" applies both to the
concerns in which investments are made and to
the deeds and documents which represent the
investments. Thus a mortgage or a mortgage
deed is a "security." The Government Funds,
stocks and shares in all companies, bonds,
foreign and otherwise, Corporation Stocks, &c.,
are all termed "securities." A convertible se-
curity is one which may be sold in the open
market, there being no restriction upon the
persons who may hold it.
We will now endeavour to put before the
reader some account of the various "securities"
in which the public invest their money accord-
ing to individual choice, and which (with the
exception of mortgage on real property-land
or houses) may be bought and sold in the stock-
market through the agency of a banker or
broker. Quotations of the market price of these
securities may be found in the Stock Exchange
list, which is published daily, and can be seen
at most bankers' offices. Many of them are
also quoted in the daily newspapers.
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