How to Invest Money

A practical guide outlines basic investment principles and offers a working knowledge of major security types, including railroad mortgage and equipment bonds, real-estate mortgages, industrial and public-utility bonds, municipal bonds, and stocks. It explains how to evaluate safety and yield by assessing margins of security, real-estate value, and balance-sheet items such as net quick assets versus bonded debt, and discusses suitable proportions for current assets and liabilities. The text also covers market movements, methods for valuing securities, and how investors can match different instruments to private and business surplus objectives.