Overall a pretty good year, beating the S&P-500 by a good amount due primarily to a solid investment in GOOG early in the year that paid off well.

		1Y		3Y		5Y
tecmo		+21.6%		+23.9%		+15.3%
S&P-500		+17.1%		+22.9%		$14.4%

I am still in the accumulation stage (although accumulations are now a tiny portion of the portfolio each year) so I am pretty much fully invested almost all the time. I did open up a small BND position this year that I will probably add to in 2026 as I get a bit more defensive (and I might make a big purchase [~5% of the portfolio will need to be liquidated] in the next 18 months that I want to be prepared for).

Investment Mix
Equities	95%
Cash		 3%
Bonds            2%

No major changes to my investments this year, I added a fair bit to GOOG (increased to 15% from 10% YoY), and played around with LULU as a speculative play. I trimmed MSFT for the first time in many years (moved that into BND).

Investments
US Index 		26%
MSFT			16%
GOOG			15%
BRK			14%
Global Index		11%
AAPL			 4%
CASH			 3%
OTHER			 3%
TD Bank			 2%
AMZN			 2%
BND			 2%
DG			 1%
DIS 			 1%
LULU			 1%

Indexes + BRK are my core holdings and are roughly 50% of my portfolio at all times. I have a mix of US indexes that so far has proven to be a drag on the portfolio. I would have been better off in SPY only the past few years for sure. I am not planning on throwing in the towel in this allocation just yet. If you look above, I am way overweight on MSFT, GOOG which sort of counters the equal weight (RSP, QQQE) indexes.

Index Performance

My US Index Funds are roughly
	SPY 	: 50%
	RSP	: 25%
	QQQE	: 25%


		1Y		5Y
SPY		+16.64%		+82.39%
QQQ		+20.40%		+95.80%
RSP		+ 9.64%		+50.20%
QQQE		+14.03%		+26.12%

Happy new year!

tecmo
...