Dart board investing. What, me worry? Quinn may not be a good example

My investing strategy is closely aligned with the game of darts. Aim and hope my picks land in the right place. Does it work?

I make no claim to investing acumen. However, I am proof that even those who know little of what they are doing with no patience for nitty gritty analysis can make money. 

Since all my investments are with Fidelity I used their analysis of my account to evaluate where my darts landed. Here is what I recently discovered.

“63% of your selected accounts are invested in stocks, which resembles a Growth with Income portfolio.”  That’s what I was aiming for – I think.🤔

“We looked at how bonds in these accounts are spread across two key indicators – duration and credit quality – to determine the style of those holdings. We then compared this style to the Bloomberg Barclays U.S. Aggregate Bond Index. As of today, the style of those identifiable holdings looks to be aligned with that index.”

“We looked at how the identifiable stocks in these accounts are spread across two key indicators – market capitalization (Small, Large or Mid-sized) and valuation style (Growth, Value or Blend) to determine the overall style of those holdings. We then compared this style to a widely followed benchmark – the Dow Jones U.S. Total Market Index. As of today, the style of those holdings looks to be aligned with that index.” (They also noted nearly 20% of my holdings are one utility stock – because it nearly doubled in price since I retired). 

WOW!  I’m aligned. What does it all mean? 

I have no clue, except my account balances have increased 31% in the last 12 months. According to Barron’s the 12-month change in the S&P 500 as of 8/30/24 was 25.08%. My numbers include reinvested dividends, interest and capital gains. 

Still, not too shabby – or could I have done better if I knew what I was doing or perhaps used a spreadsheet 😃

I occasionally drive myself nuts tracking my account daily. Here is what happened to my investments last week. 

Monday 8/26.   down $8,073.10 😱

Tuesday.           down  $1,426.71 😱

Wednesday.      down $12,013.57 😱

Thursday.          down $1,738.83 😱

Friday 8/30.       up      $16,550.48 🤑

Is there any logic to it all? Perhaps. Here are some events last week that were mentioned in connection with the markets. 

Nvidia—Consumer confidence up—Israel attacks Hezbollah–Last week of summer—Waiting for interest rate cuts—Oil production cut in one country–Economy expands 3% stronger pace in second quarter

I’ll leave you to do the analysis. I’m off to the beach.