Spare Money and Marketable Securities

m ou can't be an investor unless you have money to spare. Fortunately, in America today we have the highest per capita income of any nation in the world. Tens of millions of people have money to spare—sur­plus money above living needs, and after the basic thrift program, namely, savings accounts and life in­surance, has been established.

You have two choices when you have money to spare: Either to spend it or to invest it. A great per­centage of our substantial citizenry is now doing some of both. People are buying cars, cruises, cruisers, cam­eras, and cottages. They are also very busy building up their net worth and providing income for their future by investing in real estate and marketable securities, usually in that order. Sixty per cent of American fam­ilies now own their homes; and thousands own other real property as well; from vacant land and timber acreage to motels and office buildings.

Real estate is great. Everyone should have some. But real estate, however attractive, is not the subject of this book. Our beat is marketable securities, zoom­ing forward in popularity among well-heeled Ameri­cans. Millions already own some. It is for these and for others eager to invest that this book was written. If you're going to stake your hard-earned cash in marketable securities, you certainly want to know something about them. Ignorance in this field can be costly; contrariwise, knowledge can add zest to your life, greatly expand your income and, with a little luck, make you wealthy.

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