Happy Holidays to all you Magic Formula Enthusiasts! Here is my final Portfolio update for 2021: Portfolio Update December 2021 The Portfolio, following a strategy spelled out in Joel Greenblatt's best-selling book "The Little Book that Still Beats the Market", has increased in value just over 36% since I completed picking the first 30 stocks in February of 2017. Ladies … [Read more...] about Portfolio Update 12/5/2021
Joel Greenblatt
Portfolio Update 9/22/2021
Hello readers. Here's another update of my Magic Formula Portfolio that follows the investing strategy in Joel Greenblatt's "The Little Book that Beats the Market". Another Magic Formula update My total return since February 2017 is just over 32%. The SPY (S&P 500 Index ETF) return over that same period is over 89%, not including dividends. IDT Corp stands out. So … [Read more...] about Portfolio Update 9/22/2021
Corporate Action! Portfolio Update 4/30/2021
Hello friends, I've written about the importance of keeping an eye on your Magic Formula stocks because, even though you plan to buy and hold for a year, there are certain things beyond our control. One of these is when another company buys the company you own outright. This happened earlier this month when Apollo Global Management bought The Michaels Companies (MIK), which … [Read more...] about Corporate Action! Portfolio Update 4/30/2021
Portfolio Update 2/21/21
I finished the latest round of Magic Formula transactions nearly a week ago, when we Texans were in the middle of the worst winter storm to hit the state since 1986 or so. I was very lucky, never losing power at my place. My worst problem was my kitchen sink froze up for a few days. We were washing dishes in the bathroom! But things have since thawed out and I'm ready to update … [Read more...] about Portfolio Update 2/21/21