Investing System Sharing: Dogs of the Dow

Along the way, I also got distracted and researched into investing systems.

One of such investing systems is the Dogs of the Dow system.

Does it work?
The results are published on the main page. More details are here. Let me make it clearer here:

1996 +28.6%
1997 +22.2%
1998 +10.7%
1999 +4%
2000 +6.4%
2001-4.9%
2002 -8.9%
2003 +28.7%
2004 +4.8%
2005 -5.1%
2006 +30.3%
2007 +2.2%
2008 -38.8%
2009 +16.9%
2010 +20.5%

How to do it?
Just follow the steps here. There is a variant of the Dogs of the Dow system known as the Small Dogs of the Dow which is a more aggressive system.

My Take
I trade. I find the trader's mindset very much in conflict with the investor's mindset. Ultimately, I did not use this system at all. One tip with the use of such systems is to read all the fine prints. For instance, for this system, the results shown require one to reinvest all dividend payout back into the portfolio. So results may vary.