I told you last week that I was going to make the first purchase for the portfolio this week. I was actually going to do this on Monday but was too busy. Here are the adjustments I made to the portfolio today:
I sold the first group of stocks that were purchased for the portfolio on January 5, 2007:
FreightCar America Inc
Aspreva Pharmaceuticals Corp
Freeport-McMoran Copper & Gold Inc.
OmniVision Technologies Inc
Fording Canadian Coal Trust
Including dividends, these positions netted $3,405 to be reinvested.
I then ran the screen on MagicFormulaInvesting.com, which gave me the following stocks:
I then split the $3,405 evenly among those 5 stocks:
Now we’ll sit back and watch and see how these stocks perform. So far the Magic Formula is down 9.20% in 2008.
Here are the links to the rest of the Magic Formula posts:
A Not-So-Good Year For the Magic Formula – A review of 2007’s performance.