Therefore, it seems logical that before even thinking of buying any common stock the first step is to see how money has been most successfully made in the past.Įven a casual glance at American stock market history will show that two very different methods have been used to amass spectacular fortunes. For one reason or another, through one method or another, you buy common stocks in order to make money. Probably your real motives are a mixture of a number of these things, influenced somewhat by knowing a neighbor who has made some money in the market and, possibly, by receiving a pamphlet in the mail explaining just why Midwestern Pumpernickel is now a bargain.Ī single basic motive he’s behind all this, however. Just as likely you are more afraid than hopeful and want to have a nest egg against a rainy day.Ĭonsequently, after hearing more and more about inflation, you desire something which will be safe and yet protected from further shrinkage in the buying power of the dollar. Possibly you think of earlier years when Henry Ford was starting the Ford Motor Company or Andrew Mellon was building up the Aluminum Company of America, and you wonder if you could not discover some young enterprise that might today lay the groundwork for a great fortune for you, too.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |