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September AAII Asset Allocation Survey: Stock Allocations Increase

by AAII Staff | October 01, 2025

Individual investors’ allocations to stocks increased while bond allocations increased and cash allocations decreased in the September AAII Asset Allocation Survey.

Stock and stock fund allocations increased 1.0 percentage points to 68.3%. Stock and stock fund allocations are above their historical average of 61.5% for the 64th consecutive month.

Bond and bond fund allocations increased 0.1 percentage points to 16.3%. Bond and bond fund allocations are above their historical average of 16.0% for the fourth time in six months.

Cash allocations decreased 1.1 percentage points to 15.4%. Cash allocations are below their historical average of 22.5% for the 34th consecutive month.



September AAII Asset Allocation Survey results:
  • Stocks and Stock Funds: 68.3%, up 1.0 percentage points
  • Bonds and Bond Funds: 16.3%, up 0.0 percentage points
  • Cash: 15.4%, down 1.1 percentage points
September AAII Asset Allocation Details:
  • Stocks: 28.4%, down 0.6 percentage points
  • Stocks Funds: 39.9%, up 1.6 percentage points
  • Bonds: 5.0%, down 0.5 percentage points
  • Bond Funds: 11.2%, up 0.6 percentage points
Historical averages:

  • Stocks/Stock Funds: 61.5%
  • Bonds/Bond Funds: 16.0%
  • Cash: 22.5%

Take the Asset Allocation Survey.

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