Investing using the Magic Formula - May 2023

This is the 6/12 video to update you all on my Magic Formula investing journey as explained in the book "The Little Book that Still Beats the Market" by #joelgreenblatt. If you haven't seen it, please watch first my first video where I explain exactly the process that I'm following, link here: https://www.youtube.com/watch?v=7rzTB...

In summary, here's the update for May 2023:

1- January 2022: Invested $5K in 5 stocks.
2 - One of the stocks, BDSI, got acquired so ended up with 4 after liquidation.
3 - April 2022: Invested $5K plus the proceeds from BDSI in 6 stocks.
5 - July 2022: Invested $5K in 5 stocks.
6 - October 2022: Invested $5K in 5 stocks.
7- Continue to avoid Consumer Cyclical, Retail, and Healthcare sectors.
8 - Current portfolio contains 20 stocks.
9 - February 2023: Kept 2 stocks and sold 2 stocks from the January 2022 tranche. Invested proceeds from sale in 2 new stocks.
10 - May 2023: Kept 1 stock and sold 5 stocks form the April 2022 tranche. Invested proceeds from sale in 5 new stocks.

Overall performance to date : Magic Formula -16.88% vs S&P500 0.00%

Link to Google sheet: https://docs.google.com/spreadsheets/...

Please leave any questions or feedback below!

#stocks
#valueinvesting