Not too bad yesterday as I went backwards but not as fast as general market. I am now 2% better than the benchmark, which is starting to look respectable. The 2 stocks I wrote about the other day, HNR and NPLA succumbed to gravity the past 2 days, making my blog a good contrarian indicator!
FDG and PDS announced their distributions (Precision Drilling Trust Announces June 2007 Cash Distribution, Fording Announces 2007 Second Quarter Cash Distribution), I am getting steady $ from my Canadian stocks. I have to believe the strengthening CAD helps me.
I did a brief study on stocks that have doubled. It showed that stocks that do well in both EY (>10%) and ROIC (>100%) have best chance of doubling. I guess that isn't a surprise. I have wondered whether one of the two measures is more important than the other. I probably tend to pick the higher EY stocks as I focus on stocks that have dropped in price. Maybe I should get out that dartboard or use the Rand() function in excel :)
Commentary and Tracking of a Portfolio of Stocks using approach from "The Little Book that Beats the Market" by Joel Greenblatt aka Magic Formula Investing
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About Me
- Marsh_Gerda
- If you believe that you should not trust anyone over 30, then you should not trust me. I have lived in three different countries, have been married for 15+ years and have 4 great kids.
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1 comment:
Rand()? Hmmm, I didn't even know about that function! I wonder how "truly" random it is...see this discussion about potential weaknesses in random number generator: How Random is the iPod's Shuffle?
My first stab at MFI was also picking the highest EY, so long as ROC was over 100%. Those picks did ho-hum in the mock portfolio I set up.
Boy, do I want to see what 3 years yields...
-A
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