Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    From $11.99/month after trial. Cancel anytime.

    Successful Stock Speculation
    Successful Stock Speculation
    Successful Stock Speculation
    Ebook93 pages1 hour

    Successful Stock Speculation

    By John James Butler

    ()

    Read preview
    LanguageEnglish
    PublisherArchive Classics
    Release dateNov 27, 2013
    Successful Stock Speculation

    Related to Successful Stock Speculation

    Related ebooks

    Related podcast episodes

    Reviews for Successful Stock Speculation

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      Successful Stock Speculation - John James Butler

      Project Gutenberg's Successful Stock Speculation, by John James Butler

      This eBook is for the use of anyone anywhere at no cost and with

      almost no restrictions whatsoever. You may copy it, give it away or

      re-use it under the terms of the Project Gutenberg License included

      with this eBook or online at www.gutenberg.org

      Title: Successful Stock Speculation

      Author: John James Butler

      Release Date: October 8, 2008 [EBook #26841]

      Language: English

      *** START OF THIS PROJECT GUTENBERG EBOOK SUCCESSFUL STOCK SPECULATION ***

      Produced by Stephen Blundell and the Online Distributed

      Proofreading Team at http://www.pgdp.net (This file was

      produced from images generously made available by The

      Internet Archive/American Libraries.)

      Successful

      Stock Speculation

      By

      J. J. BUTLER

      Written April 1922

      Published December 1922

      Published by

      NATIONAL BUREAU OF FINANCIAL INFORMATION

      395 Broadway, New York City

      This Book Is Not Copyrighted

      We believe the principles expounded in this book are of immense value to everyone who buys speculative securities, and we do not object to anyone reproducing any part of it, whether or not we are given credit for it.

      National Bureau of Financial Information

      CONTENTS

      PART ONE

      INTRODUCTORY CHAPTERS

      CHAPTER I.

      THE PURPOSE OF THIS BOOK

      This book is written for the purpose of giving our clients some ideas of the fundamental principles that guide us when we select stocks for them to buy, but these principles are valuable to every person who trades in listed stocks or in any other kind of speculative stocks.

      First of all, we want you to get a clear conception of the meaning of the word speculation, which is explained in the next chapter. Our purpose is to protect you against losses as well as to enable you to make profits, and it is very important that you understand how to provide for safety in your speculating.

      It is a well known fact that there are tremendous losses in stock speculation, but we claim that almost all of these losses would be avoided if all speculators were guided by the principles expounded in this book.

      What and When are two very important words in stock speculation, and we cannot urge upon you too strongly to study carefully Chapters V. to IX.

      Chapters X. to XV. tell you much about the influences that affect the prices of stocks, a knowledge of which should also be a guide to you in making your selections.

      Perhaps the most important chapter in the entire book is XXV., on Market Information. A careful reading of this chapter should convince you that much of the prevailing information about the stock market is misleading. That fact alone accounts for many of the losses in stock speculation.

      It has been our aim to state all facts briefly. The entire book is not long, and it will not require much of your time to read it through carefully. We are sure you will get many ideas from it that will help you.

      CHAPTER II.

      WHAT IS SPECULATION?

      To speculate is to theorize about something that is uncertain. We can speculate about anything that is uncertain, but we use the word speculation in this book with particular reference to the buying and selling of stocks and bonds for the purpose of making a profit. When people buy stocks and bonds for the income they get from them and the amount of that income is fixed, they are said to invest and not to speculate. In nearly all investments there is also an element of speculation, because the market price of investments is subject to change. Investment also conveys the idea of holding for some time whatever you have purchased, while speculation conveys the idea of selling for a quick profit rather than holding for income.

      To the minds of most people, the word speculation conveys the thought of risk, and many people think it means great risk. The dictionary gives for one of the meanings of speculation, a risky investment for large profit, but speculation need not necessarily be risky at all. The author of this book once used the expression, stock speculating with safety, and he was severely criticized by a certain financial magazine. Evidently the editor of that magazine thought that speculating and safety were contradictory terms, but the expression is perfectly correct. Stock speculating with safety is possible.

      Of course, we all know that the word safety is seldom used in an absolute sense. We frequently read such expressions as:

      Enjoying the preview?
      Page 1 of 1
      pFad - Phonifier reborn

      Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

      Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


      Alternative Proxies:

      Alternative Proxy

      pFad Proxy

      pFad v3 Proxy

      pFad v4 Proxy