Show I I Money AT WOES Brief but important lessons lessens in ir I finance markets stocks bonds bonos aric and I investments I I THE TI-IE FIVE CLASSES OF INVESTMENT SECURITIES f GILT EDGE I ri HIGH GRADE GRACE 1 SPECULATIVE UNDIGESTED FAKE Broadly speaking investment securities group themselves into five distinct classes The first class of investment is usually known as gilt edge securities and includes those issues which are usually regarded re regarded re re- regarded as safe for widows and orphans orphans or orphans or- or to put pat their money into The second class may be termed termed termed term term- ed high grade securities These tire ue re usually excellent investments but fall Just a little short of ot the perfection attributed to the class mentioned above I Purely speculative securities securities- form the third class Such se securities securities se- se are brought ol and sold with witha a large element of risk which may entail large Jarde profits or ot large losses They are not securities with which a person should dabble unless unies s that I person is a skilled speculator or unless he lie has money noney which he doesn't mind losing Undigested securities from fLom the fourth class Such securities are those issued by v ne new companies which have not been widely dis cbs They are securities in which a general confidence has not yet been butt buit up However such securities may be excellent invest invest- ments meats and last class class' is that of fake securities They are se securities securities se- se which are sold with a fraudulent end in view and which always causes a loss of money to ever every one except the promoter and salesman of the securities Over Over one billion dollars has been lost lost I by the people of the United States nil o I h v u LA close of the war Cop Copyright ri ht 1924 Associated Editors Inc common honesty win But it is not safe to believe that I er e every successful man is honest and andI I fair dealings or that every honest man will necessarily be successful The only safe thing is is to keep ones one's eyes open and to go into the game willing to Rive give Ive blow for blow Va al always s 's fighting fair fah but never for fora a a. minute willing to refuse battle with an adversary merely because he tie happens to belong to a different social station in life Ufe It is wise to recognize that there is evil and corruption around us us and to be on the watch for them And it is of the thin highest Importance Importance Import import- ance to remember that personal greed is used to catch the unwary by the crooked speculator I and the bucket shop swindler and the hundreds of different sorts of rogues who He lie in walt wait for money hungry Here is where here the h honest n st have ha an an advantage for if they are really honest they want nothing for which they do not ot have to pay and conse- conse yare are not tempted to Invest their savings in the hope or unearned unearned un- un earned profits In the give an ana take of the game ame one must be continually on the lookout lookout look look- out for enemies and learn to recognize recognize lOOk lOOk-I nize them whether they are hidden behind behin the bulwark of oC material success success suc sue I cess cogs and respectability or behind the black of or the burlar bur- bur j lar or r the t ie lo holdup dup man Copyright 1124 by the Bell Syndi- Syndi tc Inc I ftc I i I 1 i I i I. I T r |