Since recently giving up on my Magic Formula Portfolio, I feel like a burden has been lifted. I'm enjoying reinvesting these funds in companies that I believe in, especially those that pay growing dividends. But I haven't completely abandoned Greenblatt's Magic Formula. I still use the screener to identify stocks that I'm already interested in but that might be undervalued in … [Read more...] about How I Still Use the Magic Formula
Final Portfolio Update!
Just over six years ago I began my noble experiment: following Joel Greenblatt's Magic Formula strategy laid on in his bestselling book "The Little Book that Beats the Market". My enthusiasm waned slowly but steadily during those years as the outperformance the Book touts never happened. The ride was not tumultuous - my portfolio consistently underperformed. Here's where it … [Read more...] about Final Portfolio Update!
Some Year End Thoughts
Hello dear readers! Let me be the first to wish you a Happy New Year! Let's hope 2023 sees an end to the war in Ukraine, and the end to a bear market. I've started my latest round of portfolio updates and I wanted to bring up a couple issues with this Magic Portfolio Investing strategy. Over the Counter Stocks (OTC) As I sold Co-Diagnostics Inc (CODX) for a huge loss I … [Read more...] about Some Year End Thoughts
Portfolio Update 12/11/2022
Hello Dear Readers! It's time for the Holiday update of my "Magic" Formula Portfolio. This is the last update before I start another round of swapping my stocks for new ones later this month. Here it is: Since inception (coming up on six years ago) my portfolio has gained about 20.5% in value, while the SPY is up nearly 70% over the same period. And I'm not including … [Read more...] about Portfolio Update 12/11/2022
Portfolio Update 6/26/2022
Hello ladies and germs; it's time for another update of my Magic Portfolio performance. This update comes just after I replaced H&R Block (HRB), which I sold for nice profit, with Assertio Holdings (ASRT), chosen using my Random MF Stock Picker: The portfolio is losing more ground to the S&P 500 Index. My Portfolio's total return since inception over five years … [Read more...] about Portfolio Update 6/26/2022