Page 371 - One Thousand Ways to Make $1000

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“Never buy stocks in mines you know nothing about. Shun alluring promises
about mines in a faraway land.
“None but the rich can afford to trifle with oil wells.
“A patent may be only the right to a lawsuit. Schemers take advantage of
every important discovery and invention, and some have nothing but
promises to sell.
“Do you want to buy a swamp? There are real estate promoters who will sell
you swamps as ‘shore frontage.’ If you buy property, buy near home.
“Look out for new companies that are going to sell by mail. They may never
earn more than salary money, and that is paid out.
“New manufacturing methods should always be personally checked and
investigated.
“‘Invest quick or it may be too late’ is the favorite urge of wild cat stock
salesmen. That should make you suspicious.
“Look with suspicion on offers with special inducements in cash discounts or
stock bonuses.
“Your banker will tell you that ‘tips’ on the stock market are worthless. Do
not think you will be let in ‘on the ground floor.’
“The rich man can afford to speculate. If he loses he has other money in the
bank. Not so the small investor. Never play the stock market on ‘margin.’
“Stock in companies being organized on the success of others, rarely turns
out well. Do not put your money into another man’s dreams.”
You say that is good advice, yet look at the fortunes that have been made by
the men who put money into Ford’s business, and Standard Oil and other
now well-known enterprises. Where would they have been if they had
invested only in properties?

You Can’t Beat the “Kitty”

There are exceptions to every rule. There are men who have played the stock
market all their lives and made money at it. There are men who have played
the races and made money doing it. There are men who have bought tickets
in the Louisiana Lottery and have drawn winning numbers which paid them
thousands. But always remember that you can’t beat the “kitty.” If you play