Hello dear readers! Let me be the first to wish you a Happy New Year! Let's hope 2023 sees an end to the war in Ukraine, and the end to a bear market. I've started my latest round of portfolio updates and I wanted to bring up a couple issues with this Magic Portfolio Investing strategy. Over the Counter Stocks (OTC) As I sold Co-Diagnostics Inc (CODX) for a huge loss I … [Read more...] about Some Year End Thoughts
Joel Greenblatt
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