Intelligent investment is more a matter of mental approach than it is of technique.
A sound mental approach towards stock fluctuations is the touchstone of all successful investment under present-day conditions.
Your portfolio should consist of:
(a) Savings Bonds, which have no price fluctuations, and,
(b) Common Stocks, which are likely to fluctuate widely in their market price.
Such changes in quoted prices may be significant to the investor in two possible directions:
(A) As a measure of the success of your investment program.
(B) As a guide to the selection of your securities and the timing of your transactions.
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