DR. FRANK CRANE’S DAILY EDITORIAL

Sun (Auckland), Volume I, Issue 197, 9 November 1927, Page 8

DR. FRANK CRANE’S DAILY EDITORIAL

INVESTING YOUR MONEY . (Copyright , 1927) W. MELLON, Secretary of the Treasury of the United States, has x given eleven maxims for American investors. Each year hundreds of millions are lost to investors because they do not follow the common-sense suggestions which Mr. Mellon lists. Few people ever become wealthy by saving alone. It is through wise and judicious investment that financial independence is arrived at. Much more emphasis in the past has been put upon saving than upon learning how to invest. These eleven cautions are eleven lighthouses marking the most dangerous shoals in the sea of investment: 1. Don’t buy stock in mines you know nothing about. 2. Don’t trifle with oil wells unless you are rich and can afford to lose, a. Be wary of stock-selling schemes involving rights to new inventr.ons. “A patent may be only a right to a lawsuit.” 4. If you buy property, buy something close at home that you can see. 5. Look out for new companies that are going to sell by mail. I*. New manufacturing methods promising alluring profits to investors should be carefully investigated. 7. Dpn’t make your investments in a hurry; sleep over them. 8. Beware of special inducements, such as stock bonuses. They are frequently traps. 9. Discredit tips on the stock market that are straight from the inside. If they are really good, you’ll never be let in. 10. Don’t speculate or buy stocks on a margin. 11. Don’t put your money into another man’s dreams. Someone has said that saving is a habit, but investing is an art. However, it is an art that can be learned if one will use care and accept the advice of those who are experienced. As a groundwork in the art of investing, no better eleven suggestions can be found than these.