The Dow Approach - Tuesday, August 13, 1996

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BTD 10
As Of 08/13/96

#1
International Paper
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#2
General Motors
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:GM)") else Response.Write("(NYSE:GM)") end if %>

#3
AT&T
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:T)") else Response.Write("(NYSE:T)") end if %>

#4
Chevron Corp
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CHV)") else Response.Write("(NYSE:CHV)") end if %>

#5
Minnesota Mining & Mfg
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MMM)") else Response.Write("(NYSE:MMM)") end if %>

#6
Exxon
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:XON)") else Response.Write("(NYSE:XON)") end if %>

#7
Du Pont de Nemours & Co.
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:DD)") else Response.Write("(NYSE:DD)") end if %>

#8
Texaco
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:TX)") else Response.Write("(NYSE:TX)") end if %>

#9
Philip Morris
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MO)") else Response.Write("(NYSE:MO)") end if %>

#10
J.P. Morgan
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***NOTE: FOOLISH FOUR STOCKS ARE ITALICISED

The Daily Dow
Tuesday, August 13, 1996
by Robert Sheard

NEW YORK, NY. (August 13): It wasn't much fun to be a Dow investor today, with the Blue Chip indicator dropping a full percentage point. Nevertheless, the Foolish Four model managed to hold the losses to roughly half that amount, chiefly the result of Chevron's modest gain for the day.

But this week's update of the Fool Portfolio's Dow stocks brings up an important point we get asked about all the time. "Is there a best time to invest in the Dow stocks? Should I wait until the next correction?"

In short, invest whenever you're ready and don't worry about your purchase price. No one can predict the future so all we have to base our decisions upon is the past. And historically, the market goes up roughly three-quarters of the time, so the best time to invest for the long term is yesterday. The next best will be tomorrow. The Fools update their holdings in August, not because there's anything special about that date (or about January 2), but simply because their portfolio anniversary is in August.

Transmitted: 8/13/96

Today's Dow Numbers

THE FOOLISH FOUR MODEL (8/13/96) Day Week Quarter Year History Fool-4 -0.55% -0.01% -0.64% 12.32% 12.32% DJIA -1.01% -0.60% -0.13% 10.36% 10.36% S&P 500 -0.84% -0.29% -1.56% 7.19% 7.19% NASDAQ -1.06% -0.98% -4.97% 7.03% 7.03% Bought # Stock In At Now Change 1/2/96 142 DuPont 69.88 82.00 17.35% 1/2/96 148 E. Kodak 67.00 75.50 12.69% 1/2/96 380 Chevron 52.38 58.25 11.22% 1/2/96 149 3M 63.76 65.75 3.12% 7/16/96 14 Imation 26.16 21.88 -16.37% Bought # Stock Cost Value Change 1/2/96 142 DuPont $9,922.25 $11,644.00 $1,721.75 1/2/96 148 E. Kodak $9,916.00 $11,174.00 $1,258.00 1/2/96 380 Chevron $19,902.50 $22,135.00 $2,232.50 1/2/96 149 3M $9,500.09 $9,796.75 $296.66 7/16/96 14 Imation $366.21 $306.25 $(59.96) CASH $1,106.15 TOTAL $56,162.15 Transmitted: 8/13/96

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