I intend to continue refining and experimenting with Mechanical Investing, My objective is to run the MI for 12 months, refine the screen and run again for the following year. I intend to do this for a few years. I liken this to a "backup" plan in case my individual stock selection fail me dismally. My target benchmark to beat is the S&P 500. [more]
In May, I created three MI Marketocracy Portfolio, one based on James O'Shaughnessy's Cornerstone Growth which is primarily driven by Price to Sales and Relative Strength, One based on Joel Greenblatt's Magic Formula Investing with my interpretation on calculating ROC and Earnings Yield. The Last MI portfolio is based on the same MFI with an added net positive Insider Transaction, ie. More insider Buys than Sells. [more]
I used to own Cryptologic, but sold off with a 2% loss when the new US ruling came out. I took a relook at this company and here are some of the main points: [more]
....and that is, not to confuse stocks that i am buying (caps list) versus stocks that i want to buy (watchlist).
My initial mistake was to list down all the stocks that I wanted to buy in my CAPS stock list. As a result, many stocks that were put up because of a falling price, went down further. Some of the stocks weren't even underpriced.
Now, whenever I have a real portfolio purchase, I will add to the CAPS list.
I maintain a Quicken.com portfolio Watchlist with 32 stocks that I want to buy. About half are stocks I already own and I put into the list the price which I am willing to pay either to add to an existing position or initiate a new one. [more]
I added TASR and MORN onto my existing positions today during one of the periodic dips in the overall market. This is one of the few initial purchases I have done since I changed into a concentrated portfolio since October. [more]