Can the small investor beat the market by 'Dow investing'?
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Date
Authors
Wolmarans, H.P. (Hendrik Petrus)
Journal Title
Journal ISSN
Volume Title
Publisher
Investment Analysts Society of Southern Africa
Abstract
This study investigates the results of portfolios set up in accordance with a number of strategies which all require only a small number of
shares. A comparison is done of strategies based on dividend yield on the one hand and on earnings yield on the other. A small number of
shares are also selected from among numbers of large companies (20, 30, 40 or 50). A comparison is made with the returns achieved on
the Industrial Index (INDI) and those achieved on the All Shares Index (ALSI) over the same period, before as well as after an adjustment
for risk has been made.
Description
Keywords
Dow investing, Dow Jones Industrial Average (DJIA), Portfolio strategies, Risk-adjusted performance, Small investors, Risk management
Sustainable Development Goals
Citation
Wolmarans, HP 2001, 'Can the small investor beat the market by 'Dow investing'?', Investment Analysts Journal, vol. 53, pp. 41-51. [http://www.journals.co.za/ej/ejour_invest.html]