Other Stock Picking Strategies

[bryanmcn]

Thanks
Some questions -
Do they have a portfolio?
DO they have a performance chart like SSP ?
Are you a member?
Thanks
Bryan

[dhamel]

All private stuff develop for myself.

Sorry.

[bryanmcn]

I contacted
http://www.todayhotstocks.com/index.php?page=closedtrades
They said that they do have a portfolio and that it has risen over 60% YTD. However, they have only been around since January 08.
All US.
Bryan

[manuj]

Hi

Here is another suggestion (for long term invesment): Magic Formula investing

by Joel Greenblatt which he talks about in his book The Little Book That Beats the Market (Little Books. Big Profits)

Claims to have a performance of 27% over 17 years.

Has anyone tried it?

[bryanmcn]

I have read the book. You can see all of the various picks at
http://www.magicformulainvesting.com/

I wonder of the returns are still valid after the recent market declines.

[garilou]

I did not know about the book.
I went to the site reference given by Bryan, tried it for fun!

1. I wouldn't call 27% return over 17 years "magic", and I'm too old to wait 17 years!
2. The site returns, let's say if you ask for 25, their picks by alphabetic order!
3. From there, they suggest:
  "...In general, purchase 5 to 7 top ranked stocks every 2 months or 7 to 9 top ranked stocks every 3 months. After 9 or 10 months, this should result in a portfolio of 20 to 30" (which ones are the top ranked, if they come alphabetically?)
   
   
   What? 20 to 30 stocks? Are we talking about creating a Mutual Fund here?
   
   
4.  They seem to have only American stocks, this forum here is dedicated to Canadian Stocks. I have a middle sized US portfolio, but I would never hold so many position at one time! I like to check my "kids" (even if I don't even know their names) every day!

Anyway I doubt anyone here has tried it!
If you have read the book, why don't you try it, and come back in 17 years to tell us about your returns. (Joking  )

Louise

PS: BTW Bryan, remember what I said about NASDAC in another post?
I had a quick look at the returns, using the candle glance from stockcharts.com. Most of those who seemed to be moving (but it was really a very quick look, I wouldn't make any decision on this) were NASDAC stocks.