Investment speculation or speculative investment. Is when a person buys outright a stock
or a bond, primarily to obtain the dividend or interest paid on it, but also with the intention of
selling should there be a material advance in the price of the security.  Likewise, the term applies
when a person buys outright a stock that is not paying dividends, but which the buyer expects will
in time pay dividends, with a resultant improvement in the price of the stock; or the term applies
when a person buys outright a bond that is not paying interest (as an income bond), but which the
buyer expects will in time pay interest, with a resultant improvement in the price of the bond.