Beating the Dow with Bonds: A High-Return, Low-Risk Strategy for Outperforming the Pros Even When Stocks Go South - Softcover

O'Higgins, Michael B; McCarty, John

2.92

13 ratings by Goodreads

9780887308833: Beating the Dow with Bonds: A High-Return, Low-Risk Strategy for Outperforming the Pros Even When Stocks Go South

Softcover

ISBN 10: 088730883X ISBN 13: 9780887308833

Publisher: Harper Paperbacks, 2000

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In 1991, Michael B. O'Higgins, one of the nation's top money managers, revolutionized the investment industry by asserting that investors could beat the pros 95 percent of the time by putting 100 percent of their money into the "dog" stocks of the Dow. His book, Beating the Dow, became a bestselling investment classic and spawned an industry of websites and mutual funds, elevating the theory to legendary status.

Now, with equities dangerously overvalued and stock prices at an all-time high, O'Higgins turns his attention to bonds, providing a proven system for achieving the lowest risk, highest returns in a chaotic stock market--requiring less than five minutes per year and helping you beat the pros 95 percent of the time, regardless of market conditions. Utilizing a simple, proven method for mastering the market by determining the best investment choices, Beating the Dow with Bonds evaluates companies and bond ratings, to help you achieve the highest risk-adjusted returns. For investors with as little as $5,000, Beating the Dow with Bonds provides a safer, more reliable opportunity to beat the Dow not just in today's market--but in any market.

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Review:

Michael O'Higgins is worried. The ideas advanced in his 1989 classic, Beating the Dow, have been adopted by mutual-funds and market gurus alike as a proven formula for getting consistently high returns with a minimum of risk. In that book, O'Higgins introduced a system that become known as the Dogs of the Dow, which prescribed investing in out-of-favor Dow stocks--an approach that has produced annual returns that have handily beaten most all market averages.

These days, however, O'Higgins is less concerned about beating the market than surviving it. In Beating the Dow with Bonds, O'Higgins considers the wild valuations of today's stock market and sees the specter of a sharp and steep decline. To face this inevitable selloff, O'Higgins offers a survival strategy that involves annually allocating assets among stocks (Dow Dogs), T-bills, and T-bonds. While most members of the baby-boom generation know how stocks work, they'd be hard-pressed to explain the arcane world of bonds. O'Higgins explains them admirably. Had you followed O'Higgins's new system for the last 30 years, which saw six bear markets, your portfolio would have enjoyed an average annual return of 23.77 percent versus 18.03 percent with his Dow Dogs portfolio and 11.77 percent with the DJIA.

O'Higgins is no Chicken Little--rather, he's a market contrarian with a proven and profitable track record. If you think the stock market will go up forever, then look elsewhere for advice. But if you believe in gravity, then get this book and read it soon. Highly recommended. --Harry C. Edwards

About the Author:

Michael B. O'Higgins, ranked in the top 1% of all money managers in the United States, runs O'Higgins Asset Management, Inc. in Miami, Florida. He is also the author of Beating the Dow with Bonds.

Michael B. O'Higgins, ranked in the top one percent of all money managers in the United States, runs O'Higgins Asset Management Inc. in Miami, Florida. He is also the author of Beating the Dow.

John McCarty is the author of twenty nonfiction books. He lives in East Greenbush, New York.

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