That will be something not exactly to be
sneezed at. . .
Annabelle Lee wrote me that someone had advised her to sell her
Quaker and take her profit, lay the money aside and then invest
in something else at a low price. That, to my way of looking, is
bad advice. The money might lay and lay, and then when she did
invest, she might buy something that would not be so good. Then
too she would have to pay income taxes on the profit. . . Good
stocks do not rise or fall rapidly. It's the "cats and dogs" that
do that. And there is where the speculators come in. They are
supposed to know a good deal about "cats and dogs" . . . Two or
three or four years ago, I bought 100 shares of General Motors
for about $4,000. It sells for more than double that now. All of
which is quite fine, but you bet your boots I am not selling mine
for the profit. I bought that 100 shares to keep. It is nice to
see your stocks on the uprise--fine and dandy--but if I sold it
now, what would I put the money in, with my limited knowledge of
stocks and stock prices, advances and declines? No, the thing for
me to do is to keep it and hope that the company gets stronger
and stronger, and better and better. . .
Tommy Rivers, of Russellville, has finished installing the
dishwasher, two sinks, dispos-all, and cabinets.
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