Newsgroup: it.economia.borsa
Titolo: CERCO INFO SU "DOGS OF THE DOW"

Chiunque possa darmi qualche notizia sulla teoria dei"DOGS OF THE DOW" puň
contattarmi a questo indirizzo di posta elettronica o puň lasciare il
messaggio sul newsgroup.
Ringrazio anticipatamente.
Il mio indirizzo č:  ALCA@ HEMPSEED:COM

Ringrazio anticipatamente.
teoria semplice ed interessante. Una volta tanto i fondamentalisti
hanno qualcosa di cui vantarsi.
In pratica, adattata al mercato italiano, la teoria postulerebbe
l'acquisto al 1° Gennaio di ogni anno delle prime 5 (o 10) azioni del
Mib30 dal più elevato rendimento (=div./prezzo). Queste azioni
andrebbero detenute per l'intero anno, fino al 31 dicembre, quando
andrebbero vendute. Il giorno dopo, 1° Gennaio dell'anno n+1, si
ripeterebbe il giochetto.
In alternativa, si potrebbe lavorare su orizzonti trimestrali.
La teoria è stata pubblicata su "Beating the Dow" di O'Higgins, e pare
abbia dato risultati lusinghieri sul mercato USA (non so però quanto è
attribuibile alle condizioni intrinseche del mercato). Qualche
studioso buonintenzionato potrebbe fare alcuni studi sul mercato
italiano...
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
Gaetano A. Evangelista - Bari (Italy)  
AGEITALIA - Technical Analysis
e-mail: 
agei...@mail.com
http://www.geocities.com/wallstreet/8492
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%

Mib30 dal più elevato rendimento (=div./prezzo). Queste azioni
Incluse quelle di risparmio?
sarebbero a sabato scorso:
benetton 13,9
b. napoli rnc 9
linificio rnc 8,4
cmi 8
volksvagen 6,5
compart rnc 6,1
autostr. to mi 5,9
sirti 5,3
marangoni 5,3
roland 5,2
ma non sarebbe meglio applicare questa tattica solo nel semestre
precedente al dividendo?

Se a qualcuno può interessare ( da 
http://invest-faq.com
 , scusandomi con
la lunghezza del messaggio dovuto alla riproduzione integrale):
Subject: Strategy - Dogs of the Dow 
Last-Revised: 10 Jul 1998 
Contributed-By: Raymond Sammak, 
lo...@invest-faq.com
, Ralph Merritt 
This article discusses an investment strategy commonly called "Dogs of the
Dow." 
The Dow Jones Industrials represent an elite club of thirty titans of
industry such as Exxon, IBM, ATT, DuPont, Philip Morris, and Proctor &
Gamble. From time to time, some companies are dropped from the Dow as new
ones are added. By investing in stocks from this exclusive list, you know
you're buying quality companies. The idea behind the "Dogs of the Dow"
strategy is to buy those DJI companies with the lowest P/E ratios and
highest dividend yields. By doing so, you're selecting those Dow stocks
that are cheapest relative to their peers. 
So here is the Dogs of the Dow strategy in a nutshell: at the beginning of
the year, buy equal dollar amounts of the 10 DJI stocks with the highest
dividend yields. Hold these companies exactly one year. At the end of the
year, adjust the portfolio to have just the current "dogs of the Dow." What
you're doing is buying good companies when they're temporarily out of favor
and their stock prices are low. Hopefully, you'll be selling them after
they've rebounded. Then you simply buy the next batch of Dow laggards. 
Why does this work? The basic theory is that the 30 Dow Jones Industrial
stocks represent well known, mature companies that have strong balance
sheets with sufficient financial strength to ride out rough times. Some
people use 5 companies, some use 10, some just one. You might call this a
contrarian's favorite strategy. 
A 12/13/93 Barron's article discussed "The Dogs of the Dow." Barron's
claimed that using this strategy with the top 10 highest yielding Dow
stocks returned 28% for 1993, which was 2x the overall DJIA, 2x the NASDAQ,
4x the S&P500 and better than 97% of all general US equity funds (including
Magellan). In the last 20 years, this strategy has lost money in only 3
years, the worst a 7.6% drop in 1990. In the last 10 years, it has returned
18.26%. 
Merrill Lynch offers a "Select 10 Portfolio" unit trust, which invests in
the top 10 yielding Dow stocks. Smith Barney/Shearson, Prudential
Securities, Paine Webber, and Dean Witter also offer it. It has a 1% load
and a 1.75% annual management fee, and they are automatically liquidated
each year (cash or rollover into next year, but capital gains are
realized/taxed). Minimum investment is $1,000. 
A listing of the current "DOGS of the DOW" is updated every day on the
"Daily Dow" page that is part of the Motley Fool web site:
http://www.fool.com/DDow/DDow.htm