“Old” trendy creates more wealth than “new” trendy in May

• Over 53% of investors made money in May.
• Investors who made money had a balanced portfolio of 51% single stocks, 40% managed funds, and 9% cash.
• Those who lost money, had a similar portfolio allocation as those who finished in the green but had a high volatility of 35% that hurt their returns in this turbulent month.

• Despite rumors of an impending rate hike from the Fed, the S&P finished positive for the month.
• The Investor Average also closed slightly positive, benefitting from the late month rally.
• Technology remains the largest sector in the Investor Average, now representing a massive 38% of the benchmark (compared to 33% in April).

• As in April, the 1st quartile again made winning bets on single stocks with an average allocation of 69% to sole equities and a high beta of 1.07.
• The 4th quartile also took huge bets on stocks with an average allocation of 70% to sole equities. Unfortunately, they picked more losing stocks which was reflected in their massive 46% volatility.
• The 2nd quartile relied heavily on managed securities with a 58% allocation. They also had the lowest beta of 0.76 as a result of their high 12% cash position.
• The 3rd quartile also favored managed securities, representing 64% of their portfolios. However, they had a higher beta of 0.81 which put them slightly negative for the month.

• 65+ year olds performed the best with a low beta of 0.76 and a balanced portfolio of 47% single stocks, 42% funds, and 11% cash.
• Under 25 year olds performed the worst with 59% allocated to single stocks, a beta of 1.03, and a volatility of 37%. All three of these figures were the highest of any other age group

• These numbers represent the number of places a stock rose or fell in our 100 most popular stock list.
• The biggest weighted gainer was UA jumping five places up to 21st.
• The biggest weighted loser was LNKD falling nine places to 58th.

• These stocks represent the largest gains and losses of our most popularly owned stocks.
• AAPL was the biggest wealth creator, gaining 7.18% while being the most popular stock.
• TSLA was the biggest wealth destroyer dropping 7.28% while being the 4th most popular stock.

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The data used in this analysis is sourced from over 60,000 users sharing portfolios on the Openfolio community.

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