(To be continued.)
EVERY GIRL A BUSINESS WOMAN.
A PRACTICAL GUIDE TO THE WORLD OF INDUSTRY AND THRIFT.
By JAMES MASON.
PART V.
e quoted a wise rule in our third article to the effect that money should never be allowed to lie idle. Put to work on its own account money will make money, and go on growing and growing even whilst the person owning it is asleep or taking holidays.
Of course the wisest thing is to employ it in one’s own business, turning it over and over at a profit, under one’s own management. But such advice is thrown away on those who have no business.
What, then, are those who have money but no business to do? They must entrust it to people who want money for use in some way or other, and are willing to pay interest for the loan. It may be lent, for example, to the British nation or to a foreign government, or to some great railway, or to a bank, or a gas company, or some municipal corporation. Besides these opportunities for investing money profitably, we have shares in joint stock companies of all kinds, some of them safe enough, but not a few of them to be avoided by prudent people.
There are two things essential to a satisfactory investment: First, the principal must be quite safe; and, secondly, there must be a reasonable certainty about the payment of the interest. There is a third point necessary to complete the happiness of the investor: the interest must be the highest possible under the circumstances. We say “under the circumstances,” because in these days really high interest and first-class security never meet.