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
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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
Effect of Commission-Free Trades on the Magic Formula Portfolio
It seems about all the major trading platforms now have commission-free trades. Even Vanguard brokerage accounts now have them. The only possible downside of free trades that I can see would be that undisciplined investors now have no incentives to restrain from over-trading. They may do even less research and have even less commitment to their investment decisions. Overall, … [Read more...] about Effect of Commission-Free Trades on the Magic Formula Portfolio
Papa Murphy’s Merger
As I've written before, anyone following the Magic Formula strategy has the responsibility to keep an eye on the portfolio. Today this revealed that, on May 28th of this year, there was a merger of Magic Portfolio company Papa Murphy (FRSH) with MTY Food Group, which I've never heard of. Come to think of it, I've never heard of Papa Murphy's either. I replaced this with Magic … [Read more...] about Papa Murphy’s Merger
The Stickiness of Formula Stocks
I am now in the third round of choosing my Magic Formula Stocks. The first round started in late December 2016, when I bought thirty Magic Formula stocks over a period of a couple months. Around the same time last year I began the process of selling all those stocks and replacing them with other stocks as identified on MagicFormulaInvesting.com. Now here I am again, still happy … [Read more...] about The Stickiness of Formula Stocks