Hello, wow the year is half over and it’s time for another depressing Magic Portfolio update. This morning the SPY was trading at around 296.68, meaning that if I would have just invested in the S&P 500 Index at the beginning of my Magic Formula Odyssey nearly two and a half years ago I would have earned over 28% on my investment. Instead, I’ve lost 16%. Here is my current Magic Formula Portfolio:
Note that I just purchased Abbvie (ABBV), after the Papa Murphy’s merger. Note as well that I did end up buying BP Prudhoe Bay (BPT) during my last round of purchases even though I claimed I wouldn’t . The stock has appeared in the results of Joel Greenblatt’s site so consistently since I started that I figure I had to take the plunge once, and I was running out of options – the same MF Stocks keep showing up again and again in the search results!
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