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!
Portfolio Updates
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
Portfolio Update 5/2/2022
Hello Magic Formula enthusiasts! Here's an update after my latest trade, getting rid of the abysmal investment in Nautilus (NLS) and buying gun company Sturm Ruger (RGR). As usual, this was chosen randomly using my Random MF Stock Picker. Another thing: A "corporate action" happened in March. Biodelivery Sciences (BDSI) was acquired, so I had to choose another stock. I … [Read more...] about Portfolio Update 5/2/2022
Portfolio Update 3/6/2022
We are five years in people! In February of 2017, when shares of the SPY ETF were selling for $231.51, I wrote, "If my portfolio is not beating this common investment after five years, I’ll consider this experiment a failure because I could have saved myself a lot of trouble by simply buying a low-cost index fund or ETF." Well, the bad news, is: the experiment is a failure, so … [Read more...] about Portfolio Update 3/6/2022