Life — September 22, 1921 — page 4: what you’re looking at

Machine-transcribed from the original scan — historical spelling and the odd misread are preserved.

LIFg: The First Things About Investments Written Especially for People Who Don’t Know the First Thing About Investments MONTAGUE GLASS ANY people invest their money in Wall Street without knowing the first thirig about securities. Securities are of five kinds, viz: High Grade In- vestments, Gilt Edged Propositions, Widows’ Securities, Securities That Are Perfectly All Right and Good Investments. Accidents can happen, of course, to any type of security, but in the case of High Grade Investments there seems to be no possi- bility of it. That is to say, no one, no matter how expert in such matters, can foresee that a High Grade Investment is going to go flooey. This is what makes it a High Grade Investment. Gilt Edged Propositions, the next best grade of invest- ment securities, are of such a high character that only one or two people on the inside—at the very most—have any idea that these securities are not of the safest variety. In the case of a great many Gilt Edged Securities sometimes only one man, a banker of wide experience and of the most impeccable character, has the slightest notion of what dif- ferentiates such Gilt Edged Propositions from the class of securities known as High Grade Investments. Broadly speaking, therefore, what does differentiate High Grade In- vestments from Gilt Edged Propositions, is that when or rather if they both go flooey, as to the former everybody is surprised and as to the latter everybody is surprised except one or two bankers. Let us now examine the type of investments known as Widows’ Securities. .As the name implies, these securities are to be recommended to widows for the safe investment of funds left to such widows by their late husbands. Funds acquired by some widows during their widowhood might of “A fine traffic cop you are! course be invested in more speculative types of securities, upon the principle, “Easy Come, Easy Go”; but for elderly widows, without hope of acquiring further property, and one might add, without the necessary attractiveness or pay perience for making widowhood profitable or even amusing, Widows’ Securities form an excellent type of investment, Occasionally Widows’ Securities are of such a nature that they leave practically nothing for a widow to worry about Under this head we would place the late common stock of the New Haven Railroad Company, but, in the main. Widows’ Securities are investments which may be made by any widow without the slightest ensuing anxiety, depending, of course, upon whether or not such a widow is of a san- guine disposition. A little optimism is necessary when making investments in even the highest forms of securities, and if one is going to meet trouble half-way, widow or no widow, one might just as well invest one’s money in the next lower grade of securities, which is Securities That Are Perfectly. All Right. Under the head of Securities That Are Perfectly All Right comes the type of investments made by authors, art- ists, college professors and people who have saved a little money by years of grinding economy. These securities are subject to more violent fluctuations than Widows’ Securities and when (or if) they go flooey, any number of investment experts are not at all.surprised. The reason why such in- vestments are called Securities That Are Perfectly All Right is that when they go down fifty or sixty points the investor has every assurance they will come back again, provided the investor lives long enough—say two or three hundred years or so. To get the best results from Securities That Are Perfectly All Right, the investor ought to put them away in If you'd arrested me for speedin’, like you should, I wouldn’t a run into that poor fella.” his s also Are list thes soon TI one men not Tha toh tion usta vest pain comicbooks.com