Hello Dear Readers and Happy Holidays. This is my last update before I start swapping my Magic Formula stocks, one by one, for another set of "good and cheap" stocks picked by our hero Joel Greenblatt. Here's the latest snapshot of my portfolio: Wow! I almost broke even! I started this noble experiment with just over $60K. A few years later - I've only lost a few … [Read more...] about Portfolio Update 12/13/2020
Portfolio Update 10/3/2020
As I put fingertips to keys this beautiful Fall evening in the Fort Worth Command Center Dizzy Gillespie is spinning on my turntable, I'm sipping some rich hibiscus tea, and our President is in the hospital for Coronavirus. Despite that last fact markets have not yet gone into a tailspin - in fact the SPY (SPDR S&P 500 ETF) ended up for the week. The SPY is now trading at … [Read more...] about Portfolio Update 10/3/2020
Portfolio Update 6/23/2020
Hello friends, I trust all my readers are staying safe, practicing social distancing and wearing masks! Check out my latest update: Note my latest MF stock, chosen using my new random MF stock picker: Points International (PCOM). My MF Portfolio has lost thousands since early 2017, while the S&P 500 Index has risen nearly 35%. … [Read more...] about Portfolio Update 6/23/2020
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
Portfolio Update 4/20/2020
I'm posting this update in the midst of a global pandemic! Here is how my Magic Formula Investing portfolio is looking: Ugh! Let's compare that with the State Street Global Advisors S&P 500 ETF (SPY), which is now trading for $283.94. I started this experiment a little over three years ago, when the SPY was at 231.51. This website is turning into an advertisement for … [Read more...] about Portfolio Update 4/20/2020