Decided to place the orders for Monday. As of today (5-10-08) 3 stocks in the portfolio have increased over 20%. PACR leading the way with a 40% return since inception. CITP was up over 50% on better than expect earnings but investors took profits. CITP has appreciated a respectable 35% since inception. Next,RAIL ended [...]
It has been a while since I took a peak at the stocks in the
magic formula portfolio. With another round of purchases coming in another day, I could not resist not looking at the portfolio, to my surprise the portfolio stock performance has been on a tear.
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The Magic Formula portfolio is relatively flat compared to the S&P 500. Having so much cash is really making it tough to get a real view of the magic formula performance. Thus, I will add 2 stocks each month in order to avoid having a cash hoard. Also, Chris made a great observation in the [...]
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 [...]
