Market Extra: These dogged stocks are the year’s best investment strategy

If you want a friend on Wall Street, your best bet is to get a dog. A dog of the Dow, that is.

The so-called “Dogs of the Dow” has the inside track for this year’s best-performing investment strategy.

The portfolio, first popularized by Michael Higgins in his 1991 book, “Beating the Dow,” is up an impressive 15% year to date, compared with the 3.8% increase in the Dow industrials or the 4% gain for the S&P 500 index SPX, +0.54% as of Monday’s close. That is before dividends are factored in.

The Dogs of the Dow strategy is fairly simple: Buy an equally weighted portfolio of 10 of the 30 Dow Jones Industrial DJIA, +0.40% components with the highest dividend yields at the beginning of the year, rebalancing it annually.

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