How to Get Ahead Saving Money And Making It Work

Cover How to Get Ahead Saving Money And Making It Work
How to Get Ahead Saving Money And Making It Work
Albert William Atwood
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This is an important point, be- cause beyond question the chief requisite of a good investment is safety, or the certainty that ^ the principal sum will be returned when agreed upon or when demanded, or that it can be con- verted into money. And, as the leading refer- ence book on bonds, The Principles of Bond In- / vestment, by Laurence Chamberlain, says, "There is one and only one word in the language to designate the employment of funds in accord- ance with these requirements, and that is th...e word 'Lien. ' " Bonds and mortgages are, there- fore, the securities that are best suited to the needs of the inexperienced investor. 195 196 HOW TO GET AHEAD A bond is in essence a lien as distinguished from a share of ownership. Any one familiar with the financial markets might name offhand well-known stocks that are as safe, for all prac- tical purposes, as are three-fourths, or perhaps ninety per cent. , of all the bonds in existence. But two points must be noted : In any given concern bonds are safer than stocks.

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