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
Uncategorized
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
Thoughts on Gamestop (GME)
I write this on Saturday, February 6th, 2021. Gamestop closed at $63.77 yesterday, down from a high of about $483 just over a week ago. But even the current price is WAY higher than when I bought the stock as part of my Magic Formula portfolio just over four years ago on Jan 27th, 2017. I paid $24.13, and sold the stock for $16.75 a year later. The stock went gradually down … [Read more...] about Thoughts on Gamestop (GME)
Introducing the Magic Formula Random Stock Picker
Hello friends. To help take all the guesswork/anxiety over choosing your Magic Formula stocks, I've created a page that will tell you which one to pick next. I'll keep the link on my homepage. It's just a simple tool that uses Javascript's random number generator, but I plan to use it every time I pick from among the stocks on Greenblatt's screener. … [Read more...] about Introducing the Magic Formula Random Stock Picker
More Stickiness even amid Covid-19
I'm writing this from my Fort Worth command center at the end of March 2020, amid the Covid-19 Pandemic. I'm not going to include a performance update right now - it would be too depressing - but I will soon. Most of my updates are after I make a change in the portfolio, and the next one scheduled is in June, when AbbVie reaches its anniversary. I'll try to post an update … [Read more...] about More Stickiness even amid Covid-19