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

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 --Ce texte fait référence à une édition épuisée ou non disponible de ce titre.

Michael B. O'Higgins entered the stock-brokerage business in the early 1970s, right on the verge of a rabid bear market. So his skepticism about the continued rise in stock prices is understandable. At the same time, he notes that bond yields, as of the 1999 publication date of this audiobook, are historically high relative to inflation. Therefore, an investment portfolio combining stocks and bonds, rather than stocks exclusively, should beat the Dow Jones Industrial Average in the future. Hiring A&E Network's Jack Perkins, cohost of the acclaimed Biography series, to read this audiobook was a stroke of genius. Perkins's voice adds the heft of lifelong experience and hard-won wisdom to O'Higgins' rather dry explanations of what bonds are and why you should invest in them. (Running time: 3 hours, 2 cassettes) --Lou Schuler --Ce texte fait référence à une édition épuisée ou non disponible de ce titre.

In his earlier work, Beating the Dow, O'Higgins presented his "dogs of the Dow" investment strategy that involves investing in "out-of-favor" Dow stocks to result in returns ahead of most average market strategies. Now he explains how to prepare for what he projects as a rapidly approaching time of decline in today's overvalued market with his survival strategy that involves allocating assets among Dow dog stocks, T-bills, and T-bonds. The arcane world of U.S. Treasury bonds and bills is well presented, helping investors better understand how these ventures work as well as how to achieve better returns with these less risky tools. O'Higgins insists incorporating bonds, once considered the ugly stepchild to stocks, in a portfolio, rather than focusing entirely in the market, should beat the Dow Jones Industrial Average in a low-risk manner. Investors worried that the bear market on the rocks below is about to overtake their investments will find this advice of great value. Jack Perkins's immediately identifiable presence lends credence to this valuable contribution to the finance genre. Highly recommended for all public libraries.ADale Farris, Groves. TX
Copyright 1999 Reed Business Information, Inc. --Ce texte fait référence à une édition épuisée ou non disponible de ce titre.

The marketing of financial products is full of hype, misinformation, aggressive sales tactics and, ultimately, consumer misunderstanding. For this reason, business how-to audio programs should be perfect time-management tools. They can be read while driving, exercising or performing chores and tasks around the house and office. The protective strategies in the audio version of Beating The Dow With Bonds: A High-Return, Low-Risk Strategy for Outperforming the Pros Even When Stocks Go South will interest followers of O'Higgins's original Beating the Dow. It will also reassure investors who want to flee overpriced stocks but need a rationale for doing so. Reader Jack Perkins has a familiar voice known to millions from his 25 years at NBC News. M.P. (c)AudioFile, Portland, Maine --Ce texte fait référence à une édition épuisée ou non disponible de ce titre.

"Michael O'Higgins is absolutely rightstocks are ridiculously overpriced, while U.S. government bonds are cheap. His new book gives thinking investors a deceptively simple but powerful tool for enjoying attractive, low-risk returns while the herd of naive investors goes off the stock market cliff to the bear market rocks below." --Ce texte fait référence à une édition épuisée ou non disponible de ce titre.

"In his last book, Mike O'Higgins taught a simple way to beat the Dow. It worked. In this book, he teaches a simple way to exit stocks in dangerous periods and avoid huge declines." --Ce texte fait référence à une édition épuisée ou non disponible de ce titre.

"Beating the Dow With Bonds shows you that the switch from equities to bonds and cash may be the most important investment decision of your lifetime. If you don't read this book, you may never forgive yourselfit contains all the wisdom upon which your financial health will depend!" --Ce texte fait référence à une édition épuisée ou non disponible de ce titre.

"In light of the developing economic and political concerns, particularly from Asia and Russiaand with American stocks selling at new highs in virtually every traditional valuation measurethis book is a timely reminder that stocks are not the only asset category, and are likely to become an underperforming asset category for a long time. This book shows how and when to protect your capital, while still earning a high return." --Ce texte fait référence à une édition épuisée ou non disponible de ce titre.

"An extremely timely book." --Ce texte fait référence à une édition épuisée ou non disponible de ce titre.

"Lucid and brilliant-a wake-up call for the equity obsessed, and an invaluable guide for the rational investor." --Ce texte fait référence à une édition épuisée ou non disponible de ce titre.

"O'Higgins has done it again . . . creating another useful guide for investors, challenging the conventional wisdom, and teaching effectively about bonds. His system is simple, logical, and has performed well for a long time." --Ce texte fait référence à une édition épuisée ou non disponible de ce titre.

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.

The author of "Beating the Dow" returns with a proven scheme for achieving the lowest risk, highest returns in an overpriced, overvalued stock market. --Ce texte fait référence à une édition épuisée ou non disponible de ce titre.

Provides a proven system for achieving the lowest risk, highest returns in a chaotic stock market, requiring less than five minutes per year and helping beat the pros 95 percent of the time, regardless of market conditions. Softcover. DLC: Bonds--U.S.

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 ofBeating the Dow with Bonds.