Magic Formula Investing

    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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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 [...]