Relative Dividend Yield

Common Stock Investing for Income and Appreciation

By: Anthony Spare

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Product code: 4769
ISBN: 0471536520
276 pages
Format: Hb
Published by: John Wiley & Sons, 1992, 1st edition

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Relative Dividend Yield - front page cover image

Description of Relative Dividend Yield

Every corporate manager knows earnings can be inaccurate and unreliable as a statement of company well-being. And every investor knows that quarterly earnings are volatile and unpredictable. Yet most investment strategies are based on earnings and P/E multiples.

Thankfully there is a market-tested alternative with steadily growing billions behind it that you can put your trust in.

The Relative Dividend Yield (RDY) buy-sell discipline set out in this volume enables you to base you or your institution's investment decisions on the much more stable and reliable principle of historic relative yields. For over 15 years, this approach has outperformed the market with less than market risk. Moreover, you'll find that RDY helps you:

- Analyse stocks so that you can buy only the ones that are at the upper end of their historical yield range, and sell those at the lower end.

- Lower turnover and save on transaction costs through RDY's more conservative, stable investment approach.

- Manage the largest portfolios with confidence because RDY works best with large, long established companies where sound management and liquidity are assured.

- Avoid anxiety about market fluctuations because RDY's Buy-sell mechanism doesn't have short-term trading orientation.

- Steel yourself against the emotionalism that makes investors panic and sell at bottoms...and get swept up by euphoria and buy at tops.

The best-kept secret in investing today, RDY is an Intelligent, unique, and proven formula for superior returns with less risk.

Relative Dividend Yield - Chapter headings

Section I: Introduction to RDY Investments

1. Relative Dividend Yield: An Introduction
2. Other Investment Methods
3. An RDY Study: 100 Large Companies from 1976 to 1986
4. The RDY Approach in Practice
5. More Examples of RDY Valuations
6. Pitfalls and Preventative Measures

Section II: Application of RDY to portfolios

7. RDY - Based Portfolio Characteristics, Construction, and Maintenance
8. Having Others Invest for You and Investing for Others
9. Investing for Yourself

Conclusion: RDY: Low Risk, High Returns

Appendix A: Dividend Power: A Dow-Jones 30 Stocks Exercise
Appendix B: Dividend Yield and Yield Change
Appendix C: RDY Charts for the Investor

Index