Originally, I set the Garcia Magic Fund to purchase 3 stocks every 3 months with the stocks representing 2%. It was a mistake. A friend who read the page pointed out the fund will have 50 stocks. That amount of stocks is well above the 20-30 Joel Greenblatt recommends for establishing a magic formula [...]
In Mid-October, Reportonbusiness.com (ROB) set up a hypothetical
magic formula $1 million portfolio. The site is selecting stocks with a market of at least $500 million. The results so far? Not Good. The portfolio is down 19% while the S&P 500 is down 10%. The time frame is fairly new and ROB.com acknowledges this [...]
What better way to kick off the new year than with my first round of stocks. All the trades will be placed in a fictitious mutual fund properly named the
Garcia Value Fund. The screen used is randomly choosing 3 stocks from the top 25 results with a minimum market capitalization of 50 million. The [...]
