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
Magic Formula Portfolio
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
Portfolio Update 12/5/2021
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
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
Portfolio Update 6/27/2021
Hello Magic Formula enthusiasts. I'm posting another update a few days after I replaced Points International (PCOM) with H&R Block (HRB). I chose the stock using my random picker. This is fourth time HRB has been part of my portfolio! Ok, here it is: Magic Things are looking up - but nowadays it seems like anybody can make money in the stock market. Still, my near … [Read more...] about Portfolio Update 6/27/2021