As of mid-December, the investors who entered Mr. Pursche's program in late 2010 are up 13%.

WSJ: Dow's 'Dogs' Growled Again in 2011

"The roots of the strategy are definitely in the Dogs of the Dow, " Mr. Pursche says.

WSJ: Dow's 'Dogs' Growled Again in 2011

"Grandparents can sometimes give too much support, " says Oliver Pursche, a Suffern, N.

WSJ: Grandparents Helping More with Family Expenses

Oliver Pursche is co-portfolio manager of GMG Defensive Beta Fund, which holds shares in the companies listed in this post.

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For investors, Pursche recommends being underweight on exposure to international and emerging markets to avoid the potential consequences of fear-induced capital flight.

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Oliver Pursche, president of Gary Goldberg Financial Services, runs a strategy that is inspired by the Dogs called the Dividend Buster program.

WSJ: Dow's 'Dogs' Growled Again in 2011

As shocking, and potentially devastating, as it may seem to some, Pursche sees the Mediterranean nation beginning official negotiations to exit the Eurozone in 2012.

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Oliver Pursche is co-portfolio manager of GMG Defensive Beta Fund.

FORBES: Executive Pay Comes Home To Roost

However, Mr. Pursche has seen several grandparents make the basic mistake of lending support before they "do the math" and figure out what they can actually afford to give.

WSJ: Grandparents Helping More with Family Expenses