I’m posting this update in the midst of a global pandemic! Here is how my Magic Formula Investing portfolio is looking:
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 buying index funds or ETFs, but if you would have invested in the SPY back then, even with all the Coronavirus turmoil you would be ahead nearly 23%.
On the other hand, my Magic portfolio, which started out at $60, 000, has lost over 29 percent of its value!
Need I write more? I can’t! I have to go to work.
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