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MagicFormulaInvesting.com while looking great and
easy, is simply not accurate. Professor Greenblatt’s
back tests provided accurate
results, however, the person responsible for maintaining the
website simply isn’t doing it right.Stocks that should be ranked
356 or 253 are showing up in the top 30 as the
website doesn’t use an accurate data source.
If you want to find the correct data you need a subscription
to S&P’s Capital IQ service, or Bloomberg, or Reuters. All of these services cost
thousands of dollars per month . You can try to find this type
of data on free services like Yahoo Finance or BigCharts, its
simply not there. You actually have to do it, you need
to diligently follow the top 30 picks and continually trade
your portfolio.
You can no longer simply invest directly with Professor Greenblatt in his Gotham Capital Fund as he now primarily just manages his own money and
that of some extremely high net worth individuals and
institutions.
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Receive information on fund managers that
follow the "Magic Formula" with an accurate data
feed. |
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