A couple of years ago, I looked at a modified Dogs of the Dow approach, and considered the prospects of eight companies of the Dow as being above average. Considering the closing prices then paid (July 25, 2008; modified for splits and dividends) as an equal-weighted portfolio, against the Dow Jones as presented by the SPDR "DIA" (also modified for splits and dividends) shows that these two portfolios ended neck and neck two years later, with my custom portfolio losing 2.5% of its value during that time (total loss), versus, the DIA losing marginally less, at 2.0% down. Which just goes to show you that not every strategy is going to beat the market over time. Of the original portfolio, most held their value very well, with 6 of the 8 ending up between 95% to 119% of their opening value, one at 92%, and GE representing the beat down of the group, at just under 63% of it's opening value.
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