So far this Formula doesn’t seem so Magic at all! At the end of trading today here is a snapshot of my Magic Formula Portfolio:
I’m losing money with this scheme! Meanwhile my benchmark ETF, the SPY, is now trading at $249.21, which is up over 7.6% since I started this experiment on February 10th of this year. I would’ve been much better off just investing in that ETF! I’m not panicking yet, however. I’ve resolved to give the Magic Formula Five long years!
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