Who it is for
Readers studying financial history, investment education, and the chapter’s specific subject—saving, Buying, High—will get the most from this section. It is not suitable as a modern trading or investment checklist.
English reader · Project Gutenberg #77970
Buying High Grade Common and Preferred Stocks On Installment
How to Save Money. English-only reading by default; switch among English, Chinese, and Spanish, or compare languages side by side.
Chapter summary
This chapter examines Buying High Grade Common and Preferred Stocks On Installment, using the author’s early-twentieth-century investment framework to explain how investors were expected to judge security quality, income, risk, and market conditions. It opens from the chapter’s own discussion: Here is an unusually good saving plan--a form of investment that has the triple advantage of furnishing (1) good dividend-earning security, (2) possibility of material increase, and (3) fixed obligation to pay on certain due dates, which acts as a disciplinary saving system. The difference between a preferred and a common stock is that the interest charges on the former, while not guaranteed, will be paid at the name
Modern reader note
Read this chapter as historical investment education. The market rules, disclosure practices, securities, commissions, interest-rate conditions, and investor protections around saving, Buying, High may differ sharply from modern markets.
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