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._