March 19, 2008

Update on European Magic formula Stocks

The virtual magic formula stocks aren't performing well. It seems that they are very volatile.
In the bull market they returned superior results. However in the bear market they did a lot worse then the indexes and my own picks.

It are exciting times. Every morning I get up and hope there was some bad news from the USA which would get the stocks even lower. In the last month I was able to pick up some stocks at very attractive prices. However playing safe I still kept some money aside for when the stocks drop even more. (That's why I'm hoping for the bad news) I'm not a fan of market timing, but I do hope I can have my money fully invested by the time the market turns again.

In the lists below you can see what companies are sold and in which I invested my money (at least in the magic formula portfolio). I think that it doesn't need any more explanation. But I'm proud that my own magic formula picks beat the market with 7 % from the start, and with 10 % since 01 January.

My Magic formula stocks



Name Date bought Number
Price payed Price 20/03/2008 Difference








Rolls-Royce Group 20/04/2007 401
7,47 € 6,20 € -17,00%
Arcandor AG 17/05/2007 113
26,80 € 11,36 € -57,61%
Bt Group 16/06/2007 588
5,03 € 3,17 € -36,98%
Genrale de Sante 20/07/2007 98
30,67 € 15,94 € -48,03%
KCO 27/09/2007 72
48,25 € 29,75 € -38,34%
Randstad 17/10/2007 71
42,50 € 24,53 € -42,28%
Britisch Land Comp 17/10/2007 180
16,66 € 13,35 € -19,87%
Belgacom 17/11/2006 108
27,90 € 28,80 € 3,23% Renewed 15/11/2007
Salzgitter 15/11/2007 25
120,62 108,19 € -10,31%
Porsche 14/12/2007 20
140,75 104,88 € -25,48%
Unibail 14/12/2007 20
149,14 158,34 € 6,17%
Option 16/01/2008 601
4,99 5,30 € 6,21%
Kazakhmys 16/01/2008 161
18,6 23,93 € 28,66%
KPN 20/02/2008 243
12,37 10,92 € -11,72%
Unilever 20/02/2008 146
20,53 20,28 € -1,22%
Jacquet Metals 19/03/2008 50
59,53 € 59,53 € 0,00%
Total Gabon 19/03/2008 8
395,00 € 395,00 € 0,00%








Total Portfolio


56.460,09 €


Stocks


42.179,85 €


Cash


14.280,24 €










Increase since 01/01/2008


-7,33%


60927,44 Euro





Increase since start (18-10-2006)






57335,76 Euro

-1,53%


















Vallourec Group 16/03/2007 17
169,50 € 149,94 € -11,54% Sold 19/03

Virtual Magic formula stocks



Name Buy date Number Buying price Price 20/03/2008 Difference
Olympique Lyonnais group 24/04/2007 146 20,65 € 20,46 € -0,92%
Arcandor ag 18/05/2007 113 26,68 € 12,64 € -52,62%
Antofagasta PLC (ANTO) 15/06/2007 321 9,36 € 10,70 € 14,32%
Unibail Holding (UL) 15/06/2007 15 204,46 € 158,13 € -22,66%
Glaxo Smith Kline 20/07/2007 153 19,66 € 15,95 € -18,87%
Liberty International 27/09/2007 172 17,68 € 14,76 € -16,52%
arques industries 17/11/2006 260 11,57 € 11,37 € -1,73% Renewed 17/10/2007
Netgem (NTG) 18/10/2007 968 3,10 € 2,10 € -32,26%
Salzgitter 17/11/2006 36 84,71 € 108,88 € 28,53% Renewed 15/11/2007
Land Securitys (LAND) 15/11/2007 130 23,09 € 23,00 € -0,39%
PORSCHE AUTOMOBIL HOLDING SE (POR3) 14/12/2007 20 140,88 € 103,60 € -26,46%
HAYS PLC (HAS) 14/12/2007 27 109,50 € 106,25 € -2,97%
Randstad Holding 16/01/2008 111 26,94 € 24,66 € -8,46%
BT Group 16/01/2008 636 4,72 € 3,17 € -32,84%
William Hill PLC 20/02/2008 480 6,24 € 5,31 € -14,90%
Britisch land Company PLC 20/02/2008 207 14,48 € 13,50 € -6,77%
Next PLC 19/03/2008 176 17,00 € 17,00 € 0,00%
Recylex 19/03/2008 206 14,56 € 14,56 € 0,00%







Total Virtual Portfolio

48.300,43 €


Cash

5.106,77 €


Stocks

43.193,66 €
















Increase since 01/01/2008





59883,36 Euro
-19,34%


Increase since start (18-10-2006)





57335,76 Euro
-15,76%
















Drax Group PLC 15/03/2007 270 11,11 € 7,89 € -28,98% Sold 19/03
Vallourec Group 15/03/2007 18 169,48 € 149,35 € -11,88% Sold 19/04

Indexes



2008 Start 01/01/08 20/02/08 Change Start (18-10-2006) Change 01/01
Euronext 100 942,47 995,23 812,03 -13,84% -18,41%
Dax 6.412,36 8.067,32 6365,63 -0,73% -21,09%
FTSE 100 6.155,19 6.456,90 5573,4 -9,45% -13,68%









Average -8,01% -17,73%












Eurostoxx 50 3991,38 4399,72 3536,32 -11,40% -19,62%

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