Hello readers. Here's another update of my Magic Formula Portfolio that follows the investing strategy in Joel Greenblatt's "The Little Book that Beats the Market". Another Magic Formula update My total return since February 2017 is just over 32%. The SPY (S&P 500 Index ETF) return over that same period is over 89%, not including dividends. IDT Corp stands out. So … [Read more...] about Portfolio Update 9/22/2021
Magic Formula Investing
Corporate Action! Portfolio Update 4/30/2021
Hello friends, I've written about the importance of keeping an eye on your Magic Formula stocks because, even though you plan to buy and hold for a year, there are certain things beyond our control. One of these is when another company buys the company you own outright. This happened earlier this month when Apollo Global Management bought The Michaels Companies (MIK), which … [Read more...] about Corporate Action! Portfolio Update 4/30/2021
Portfolio Update 2/21/21
I finished the latest round of Magic Formula transactions nearly a week ago, when we Texans were in the middle of the worst winter storm to hit the state since 1986 or so. I was very lucky, never losing power at my place. My worst problem was my kitchen sink froze up for a few days. We were washing dishes in the bathroom! But things have since thawed out and I'm ready to update … [Read more...] about Portfolio Update 2/21/21
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)