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After a solid month of nose to the grindstone development and research work, I'm pleased to present the new MagicDiligence to the world! If you're wondering why the changes had to be made and what the main differences are, check out this article, which gives a quick overview. The blog will always be available, through the same RSS feed, and be updated at least weekly with general Magic Formula related articles, rejected MFI stock picks for you to consider, book and article reviews, and pointers to other excellent investing resources on the web.

But I'm most excited about the new Members area, where MagicDiligence's Top Buys will be tracked against the S&P 500 and Dropouts will be updated, all in real time - no waiting for me to alert you when a pick drops out of the screen (or re-enters). You will always know exactly how MagicDiligence is performing, up to the minute. All researched Magic Formula stocks now have a categorized and detailed stock research page, and every Top Buy comes with a "pitch" article that lays out the case for investment. And for members, MagicDiligence will provide a new, and unique, Magic Formula Top Buy pick every 2 weeks, as well as ongoing coverage of any active recommended stocks. The first Top Buy under the new format is available today!

So far the portfolio has slightly underperformed the market... not surprising considering it's very short history (2 months) and value focus. However, most of this is due to one deeply underperforming pick and 60% of the individual picks are beating the market, several by double digit percentages. Long term, we have a proven mechanical and due diligence strategy that has been used by countless masters to build wealth.

For those unsure about membership, there is a completely risk free 30-day FREE trial period. Try it out, I think you'll like what it has to offer. Click here for more details.

I'm also excited about the future for this site. With the redesign, a whole world of possibilities open up. Thanks again to all the readers of MagicDiligence, and I look forward to optimizing Joel Greenblatt's value stock investing strategy with you in the future!

Best Regards,

Steve

Steve owns no position in any stocks discussed in this article.

A MagicDiligence Membership gives you full access to the best stocks that Magic Formula Investing has to offer. Professional quality research, formal stock recommendations, timely updates, and exclusive investing tools are all at your fingertips, at one of the lowest prices in the entire investment world. Click here to learn more!

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