2025 portfolio reckoning.

Crash

We don't like to do this through the year. Once per year, on 1st of Jan. might be OK to look back and see if there's been any progress?

My stash is 52.66% stocks, 46.09% bonds. I just went to the calculator to work the numbers, comparing the end-total from 2025 to the total at year-end of 2024.

+8.05%. I can't complain, with so much in bonds. I can smile. That kind of performance will not shoot the lights out, but it's pleasing. I'll take it with no complaints. Surely, others have done better. It's a good thing just to see a positive, rather than a negative, number. Naturally, such a big stake in bonds is going to throttle-back the growth, in order to get income. And since other people depend on me, it's satisfying to be able to assist them.

"CASH" is 1.25% of total portfolio.
BLX is 7.66% of total.
ET is 5.97%
FBP is 3.65% of total.
EWS is 0.42%
PRCFX is 13.99%
PRWCX is 39.78%
PRCPX is 21.31%
TUHYX is 1.3% I'm growing this guy in baby steps, inch by inch.

dily

Glad this portfolio works for you, but your cheapest mutual fund charges 65 basis points. You are paying A LOT in expenses every year by holding “pricey” TRP funds accounting for about 75 percent of your total portfolio.

Crash

dily said:

Glad this portfolio works for you, but your cheapest mutual fund charges 65 basis points. You are paying A LOT in expenses every year by holding “pricey” TRP funds accounting for about 75 percent of your total portfolio.

Thanks for that nudge.... Surely there are some good alternatives. I'll look. Happy New Year.

rforno

2025, I can't complain ... going by the brokerage numbers just now:

Long-Long Term Account +15.36
TIAA 403(b) +17.40 (in one fund)
IRA +14.23
Schwab +30.08% (mostly due to 1500% gains in one position)

I am almost entirely in equities (none of the 'Mag 7' btw) the vast majority are QDI-paying. The only bonds I have is a 50K taxfree mutual fund and whatever bonds are in the mutual funds I own, including PRWCX and some AF's.

a2z

i hate high fees, but gladly pay prcfx for its wider asset allocation and GARP equity selection.
giroux's data tells him currently not to shift more into intn'l or downcap, so i get those cheaper elsewhere.
i have converted all from prwcx but in one taxable account.

dily

I hear you, a2z. I am a big fan of Giroux, but I too wish the fees were lower. I still hold a fairly large (for me) chunk of PRWCX, but have been reducing it a bit to lower my overall portfolio expenses.

WABAC

Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds nought and six, result misery. --Wilkins Micawber

sma3

My wife and I hired a new investment advisor to deal with stuff if something happens to me, so the numbers are harder to figure out than usual. The jury is still out with new firm. They are very reliable and solid and I agree with almost all of their thinking. They rebate the management fee for their firms funds, they think their firms bond funds are not stellar so we are paying far more than I would like there. Their choices are excellent with one exception. Jury still out

Early in retirement I have held the % equity to 40 to 50% esp with current valuations in the US

So at 50/50 Equities and FI cash, we are up 9% total last year.

Our "deep value" manger who picks 25 to 30 stocks returned 20% with Gold stocks up 140%. He has a very different portfolio than most value mangers.

Overall "dividend and value " stocks returned 27%,

LC Growth up 13% despite little MAGA

International up 15% ( good performance from "too cheap to ignore" small cap International funds Barron's profiled a while back)

My picks in my "Climate Change" portfolio were up 30% due to heavy positions in Uranium, nuclear power, utilities and industrials. Energy stocks up 7%.

If anything, last year tells me that predictions are contrarian indicators. Who would have believed with cutting "green subsidies" commodities and nuclear power would explode?

Some of the best performers have been discount retailers that got clobbered with tariff announcements but have shrugged off doomsday.

My biggest mistake last year ( other than selling NVDA in 2018) was not selling ORCL at the peak, although the capital gains would have been awful since we have owned it since 1997.

Vic_C

After a 2024 that returned about 6.5%, my portfolio was up 23% in 2025 despite bringing my equity allocation down from 74% to 60% over the course of the year. Biggest contributor by far was KGGAX which was up 64% (heavy precious metals exposure). But DODFX, YAFIX, and OAKWX also delivered strong absolute returns as did FPACX when you consider more than a third of the portfolio is held in cash.

Yesterday I brought my equity allocation down 10 ppts to 50% (I’m 57) and feel I don’t like the risk reward as much from here. It’s the biggest one day change I’ve ever made by far. I am also confident my fixed income allocation can now deliver 6%+ returns. My fixed income allocations are:

NRDCX 8.5%
ACBAX 8.5%
HOSIX 6.8%
USDX 5.9%
CBLDX 5.4%
CLOA 1%
CBUDX 1%
The rest is in cash via funds such as FPACX (12% allocation to this fund).
I feel this is generally a short term high yield allocation with limited correlations to equities risk and corporate credit spread widening.

One equity fund I believe offers a strong risk/reward proposition from here is GPGIX. Quality international small and mid cap growth stocks have been left in the dust and this fund has suffered as a result. But I still believe the management team and their approach.

DrVenture

Wow, @Vic_C that is an impressive turnaround story.

We are on the same page IRT risk/reward going forward. GPGIX sounds interesting. Appreciate the ideas.