How to use the Dogs of the Dow strategy for stock picking?

@annalise 

The Dogs of the Dow strategy is a popular method for selecting stocks based on high dividend yields. Here's how to use the Dogs of the Dow strategy for stock picking:

1. Start by looking at the Dow Jones Industrial Average, which consists of 30 large, established companies. The "Dogs" refer to the top 10 highest dividend-yielding stocks in the index.
2. Identify the 10 stocks in the Dow Jones Industrial Average with the highest dividend yields. These are considered the Dogs of the Dow.
3. Invest an equal amount of money in each of the Dogs of the Dow stocks at the beginning of the year.
4. Hold onto these stocks for the entire year, regardless of market conditions.
5. Rebalance your portfolio at the end of the year by selling any stocks that are no longer in the top 10 highest dividend-yielding stocks in the index and reinvesting in the new Dogs of the Dow.
6. Repeat the process each year to continue following the Dogs of the Dow strategy.

Keep in mind that the Dogs of the Dow strategy is based on the assumption that high dividend yields are a sign of value and that these stocks will eventually outperform the rest of the market. However, like any investment strategy, there are risks involved and it's important to do your own research and consider your own investment goals before using this strategy.