Show you By H Mark Holland representative for Damn Bosworth Inc People who buy stocks do so for dif dif- different different ferent reasons Whether or not you buy them will depend upon both your per per- personality personality and your investment objectives We at Damn Dain Bosworth do not believe that stocks are for everyone There are some people who simply should not buy stocks even If they have the money to todo do dolt it Investors who might be alarmed by even a small decline in price or who might buy indiscriminately at the first sign of a price rise should probably think twice about the stock market and look toward government bonds and high quality corporate or municipal bonds instead Your investment objectives should determine the kinds of stocks you buy For example a an elderly widow who hasto has hasto to live on the return from her in- in investments investments vestments is in most cases interested in a stable income and preserving her principal She should buy high quality in- in income Income come securities bonds preferred stocks and possibly high quality com com- common common mon stocks She probably should not be too about term long growth or speculation On the other hand a wage earner making mak- mak making ing more than enough to set aside to meet be in in-I interested financial may emergencies more in growth stocks which he believes will be worth considerably more morein morein in the future than they are at present Since he is mainly looking to the future he may be willing to forego present divi divi- dividend income for the pro probability of long long- term growth Every investment has Its share of risk and stocks are no exception The so- so called blue chip stocks of successful well established companies are generally general general- generally ly viewed as less risky than the stocks of new and relatively unseasoned businesses There is nothing wrong with buying speculative tive stock provided you have the knowledge personality and financial ability to do and so-and as long as you dont don't make the all too common mistake of expecting too much from your investment too soon Its It's hard to pinpoint the best time to buy a stock Each transaction is based on an yours opinion your brokers broker's or someone else's Sometimes that opinion can be wrong Generally speaking a buyer thinks that a stock is a good value at the price he is willing to pay for it Since stock prices will fluctuate for a wide variety of reasons only future developments can verify the decision to buy It is therefore important to be and andst st stay y informed abou the economic developments affecting your investments If you decide to buy stocks be certain tha that you have a steady income and enough let left over to meet family emergencies Determine your Investment invest invest- investment ment objectives and tailor your risks to your needs See an experienced stockbroker preferably with a member firm of the New York Stock Exchange Give your broker all the facts about your present financial situation and investment goals Your broker will willbe be able to advise you more fully full if he knows what you want to achieve |