Part 1

Transcriber's Note: Minor typographical errors have been corrected without note. Irregularities and inconsistencies in the text have been retained as printed. Words printed in italics are noted with underscores: italics. The cover of this ebook was created by the transcriber and is hereby placed in the public domain.

Profitable Stock Exchange Investments

PRINCIPAL AND INTEREST GUARANTEED

Henry Voorce Brandenburg & Co. (INCORPORATED) BANKERS 6 WALL STREET, NEW YORK, N.Y.

Copyrighted 1901 Henry Voorce Brandenburg & Co.

PREFACE

This book is published to show the absurdity of trying to make money speculating in Wall Street without adequate capital and the ease with which it can be made with capital and proper methods.

The following pages open to the public a safe, conservative, and highly remunerative channel for the investment of their surplus funds, which does not have the element of risk and uncertainty that exists in general business.

PROFITABLE STOCK EXCHANGE INVESTMENTS

You read a great deal about the money lost in Wall Street.

As a matter of fact there isn't any money lost in Wall Street.

It simply changes hands.

People talk loosely about gamblers and speculators losing all their money in the end.

If money is lost, somebody has got to win it.

The people who go plunging around in Wall Street making all sorts of speculations on margin naturally lose their money. They ought to expect to lose it, and they ought to lose it whether they expect to or not. They are simply gambling with all the odds against them.

Meanwhile, the wise and shrewd operators follow prudent, business-like methods and get the money.

The Vanderbilts, Goulds and Morgans of Wall Street are sometimes described as robbers waiting in their dens to slaughter the poor innocents who venture within reach. That is all nonsense. They win because they know how to play the game, and others who have sense enough and patience enough to play the game in the same way will win too. They absolutely cannot help winning.

The purpose of this book is to inform the reader fully as to the methods by which money can be taken out of Wall Street--the methods used by the successful operators of the past twenty years to our knowledge--the methods which positively must win year in and year out.

We purpose to give the public an opportunity to make a safe and profitable investment in Wall Street, and have their money handled for them according to correct and profitable methods.

The men who win in Wall Street are those who invest in stocks--good, dividend-paying stocks, buying them when they are low, selling them when they are high.

This is not gambling nor speculation any more than any legitimate business is gambling or speculation.

In all classes of business we buy at a certain price, and sell at a higher price.

We buy under the most advantageous circumstances possible, paying the least possible price and selling at the highest market price.

This is what we are doing in Wall Street, and as we handle only the stocks of sound and stable corporations, the security behind our operations will be the strongest in the world.

The gist of the matter is that the stocks of the leading and most stable corporations of the country are tossed about in Wall Street from speculator to speculator, going up and down constantly and varying enormously in the prices at which they are bought and sold.

These changes in prices are nearly always due to a feverish and excited market. The stocks themselves do not actually vary in real value. They are worth a certain sum all the time. They are paying dividends on that sum and the stocks at their real value are always a good investment. Yet by the manipulations of the speculators and on account of the exigencies of these Wall Street marginal gamblers such stocks can be bought at times at a fraction of their value, and by reason of the same causes can be sold at other times for far more than they are really worth.

The men who make the money in Wall Street are those who know what stocks are really worth and who buy when prices, go down and sell when they go up, buying and selling the same stocks over and over again, and making a handsome profit on every transaction. They do not care how low a stock they hold goes for the reason that the stock belongs to them, they know what it is actually worth as a dividend payer, and in the skyrocket performances of the speculators of the Street they take no interest except as it gives them opportunities to buy and sell. They do not care how high a stock goes; they have no shortages to cover, but can simply sit back and sell as much of their holdings as they choose whenever they see an opportunity to make a big turn.

Such men will turn a block of stock in a given corporation over and over dozens of times in the course of a year, making so much money on it that even if the stock should disappear off the face of the earth altogether, they would still be far ahead on it, simply on account of the numerous advances and declines.