"Buy When There's Blood in the Street"
"We try to zig when everybody else zags." That's how John Buckingham -- president of Al Frank Management, manager of the Al Frank Fund, and editor of The Prudent Speculator newsletter -- sums up his investment approach. "Our strategy is designed to find undervalued and out-of-favor companies," he adds. The fund is broadly diversified, with 375 companies in its portfolio, and the average stock is held for six years. Buckingham points out that equities have averaged a 10% to 12% annual return since the 1920s, through all kinds of conditions, and that the Al Frank Fund has done better than that.
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