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Why do your ‘High Stakes’ recommendations you say ‘Speculative Buy’. I thought all investment in shares was speculative. Why do you single out these stocks for this label?

By Intelligent Investor · 20 Apr 2000

By Intelligent Investor ·
20 Apr 2000

It's more a matter of convention than anything. The word 'speculative' comes from the Latin, 'speculari', meaning 'to spy out'. The speculator, in a sense, makes an effort to foresee the future and acts by buying those stocks that will benefit from what is coming in the future. In that sense all share market investment is 'speculative'. The trouble is that, with every bear market, many of people's expectations about the future can be found wanting. Consequently the word 'speculation' then gathers a certain opprobrium, and something that is 'speculative' comes to mean 'fraught with risk'.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.

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