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Principles and Sources of Investment

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Introduction to Valuation

Part of the book series: Macmillan Building and Surveying Series ((BASS))

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Abstract

The essential nature of any investment is the forgoing of a capital sum in return for a regular income over a period of time. A person who has capital surplus to his immediate requirements may retain this for future contingencies. However, a better alternative would be to put his capital to work by investing it and enjoying a return of income, probably on an annual basis.

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© 1994 David Richmond

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Richmond, D. (1994). Principles and Sources of Investment. In: Introduction to Valuation. Macmillan Building and Surveying Series. Palgrave, London. https://doi.org/10.1007/978-1-349-13471-7_2

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