Finance On Wheels

Planning financial securities

Many bankers invest their money in securities, and that some of the other they are foreign bank, but here again the percentage is invested overseas is so small that we may be logically sure that any cash left by us in the hands of our bankers will be employed at home.

But in real practice those who save do not pile up a huge balance at their banks. They keep what is called a present account, consisting of amounts paid in in cash or in checks on other banks or their own bank, and against this account they draw which is needed for their weekly and monthly payments many times, they keep a certain amount on deposit account, that is an account on which they can only draw after giving a prior week’s notice or more.

But the deposit account is most frequently kept by people who have to have preserve of hard cash quickly available for business reasons. The common private investor, when he has got a balance at his bank big enough to make him feel relaxed about being able to meet all possible outgoings, puts any money that he may have to additional into some security dealt in on the Stock Exchange, and so securities and the Stock Exchange have to be depicted and examined next. They are to a great extent to the point, because it is in the course of international finance has done most of its work.

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