Magic Formula Purchases for Sept. 2008
Sep 13, 2008 Uncategorized
Time for another round of purchases. The magic formula continues to perform great as we head into the final stretch of the year. The magic formula is beating the S&P by a cool 8% and is up 5% the past 3 months. The magic formula is also eeking the S&P by .07% over the past 6 months. I will take a small lead over a big loss any day. Now, here comes the fun part. Selling the stocks after 1 year (in January) . I have about 20% in cash and 4 months (5 stocks to buy) left before the fund sees some selling. I decided to buy 2 stocks this month, and 1 stock each month for the rest of the year. In the end, I will be in the 20-30 stock range Joel Greenblatt reccommends for a diversified magic formula portfolio.
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Tags: DLX, Joel Greenblatt, KHD
