Wolmarans, H.P. (Hendrik Petrus)2008-05-192008-05-192001Wolmarans, 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]1029-3523http://hdl.handle.net/2263/5319This 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.501922 bytesapplication/pdfenInvestment Analysts Society of Southern AfricaDow investingDow Jones Industrial Average (DJIA)Portfolio strategiesRisk-adjusted performanceSmall investorsRisk managementInvestmentsDow Jones industrial averageArticle