Investing For Growth

What You'll Find Here | The IFG Approach Explained | The Historic IFG
Thursday, April 18, 1996
The Daily IFG Report (FOOL GLOBAL WIRE) by Robert Sheard (MF DowMan) LEXINGTON, Ky. (Apr. 18): What are you going to do? We've got ten IFG stocks, another six in the Relative Strength versions that aren't in the "original recipe" model, and still not a single news story to report. So, we'll just celebrate a terrific day for technology stocks on a slightly down day for Blue Chips. IFG holdings like Checkpoint Systems <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CKP)") else Response.Write("(NYSE:CKP)") end if %>, Bio-Rad Labs <% if gsSubBrand = "aolsnapshot" then Response.Write("(AMEX:BIO/A)") else Response.Write("(AMEX:BIO/A)") end if %>, Oracle <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:ORCL)") else Response.Write("(NASDAQ:ORCL)") end if %>, Tellabs, <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:TLAB)") else Response.Write("(NASDAQ:TLAB)") end if %>, and Dionex <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:DNEX)") else Response.Write("(NASDAQ:DNEX)") end if %> all had sweet moves today. So far this year, the original IFG has been trailing the market (although the Relative Strength versions have fared well), but one thing I've gradually realized as my research into this approach has advanced is that no investment approach (especially a mechanical one like IFG), whether a Growth approach or a Value approach, is going to work wonderfully all of the time. Investment approaches are like industries and even individual stocks; they come into and out of favor over the short term. But over the long term, if an investment approach is sound, (a Value approach like BTD or a Growth approach like IFG), it will perform well over time. The real danger is when the individual investor starts getting impatient or nervous during one of the lean stretches and starts to doubt the approach. Emerson blew it with his famous line, "A foolish consistency is the hobgoblin of little minds, adored by little statesmen and philosophers and divines. With consistency a great soul has simply nothing to do." What he should have said is, "A Foolish consistency is the bane of the Wise, who are adored by little gooroos and market timers and talking heads. With consistency a great investor has simply nothing to do ... but out-perform." Fool on! Transmitted: 4/18/96	The Current IFG Stocks Tellabs <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:TLAB)") else Response.Write("(NASDAQ:TLAB)") end if %> Green Tree Financial <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:GNT)") else Response.Write("(NYSE:GNT)") end if %> United Healthcare <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:UNH)") else Response.Write("(NYSE:UNH)") end if %> Oracle <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:ORCL)") else Response.Write("(NASDAQ:ORCL)") end if %> Checkpoint Systems <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CKP)") else Response.Write("(NYSE:CKP)") end if %> Dionex <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:DNEX)") else Response.Write("(NASDAQ:DNEX)") end if %> Medtronic <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MDT)") else Response.Write("(NYSE:MDT)") end if %> RoTech Medical <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:ROTC)") else Response.Write("(NASDAQ:ROTC)") end if %> Bio-Rad Labs (ASE:BIO/A) Computer Associates <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CA)") else Response.Write("(NYSE:CA)") end if %>
Today's IFG Numbers INVESTING FOR GROWTH (4/18/96) Day Week Quarter Year History IFG 1.04% 3.20% 0.48% -0.05% 3966.51% DJIA 0.03% 0.35% -0.63% 8.49% 569.82% S&P 500 0.31% 1.08% -0.29% 4.49% 504.22% NASDAQ 1.38% 3.21% 3.17% 8.00% 667.67% Rec'd # Security In At Now Change 1/5/96 3183 CA 56.13 69.50 23.83% 1/5/96 6252 ORCL 28.58 31.75 11.08% 7/8/95 3866 TLAB 48.00 52.00 8.33% 4/5/96 7695 CKP 26.75 27.13 1.40% 4/5/96 5312 ROTC 38.75 39.25 1.29% 4/5/96 5758 DNEX 35.75 35.75 0.00% 4/5/96 4536 BIO/A 45.38 45.13 -0.55% 4/5/96 5945 GNT 34.63 33.88 -2.17% 4/5/96 3293 UNH 62.50 60.00 -4.00% 4/5/96 3525 MDT 58.38 52.63 -9.85% Rec'd # Security Cost Value Change 1/5/96 3183 CA $178,645.88 $221,218.50 $42,572.63 1/5/96 6252 ORCL $178,703.00 $198,501.00 $19,798.00 7/8/95 3866 TLAB $185,568.00 $201,032.00 $15,464.00 4/5/96 7695 CKP $205,841.25 $208,726.88 $2,885.63 4/5/96 5312 ROTC $205,840.00 $208,496.00 $2,656.00 4/5/96 5758 DNEX $205,848.50 $205,848.50 $- 4/5/96 4536 BIO/A $205,821.00 $204,687.00 $(1,134.00) 4/5/96 5945 GNT $205,845.63 $201,386.88 $(4,458.75) 4/5/96 3293 UNH $205,812.50 $197,580.00 $(8,232.50) 4/5/96 3525 MDT $205,771.88 $185,503.13 $(20,268.75) CASH $274.44 TOTAL $2,033,254.32 Transmitted: 4/18/96 5:53 PM
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