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December AAII Asset Allocation Survey: Stock Allocations Decrease

by AAII Staff | January 02, 2026

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

Stock and stock fund allocations decreased 0.4 percentage points to 70.8%. Stock and stock fund allocations are above their historical average of 61.5% for the 67th consecutive month.

Bond and bond fund allocations increased 0.4 percentage points to 14.4%. Bond and bond fund allocations are below their historical average of 16.0% for the fifth time in nine months.

Cash allocations were unchanged at 14.8%. Cash allocations are below their historical average of 22.5% for the 37th consecutive month.



December AAII Asset Allocation Survey results:
  • Stocks and Stock Funds: 70.8%, down 0.4 percentage points
  • Bonds and Bond Funds: 14.4%, up 0.5 percentage points
  • Cash: 14.8%, down 0.1 percentage points
December AAII Asset Allocation Details:
  • Stocks: 29.8%, down 2.3 percentage points
  • Stocks Funds: 41.0%, up 1.9 percentage points
  • Bonds: 4.7%, down 0.0 percentage points
  • Bond Funds: 9.8%, up 0.5 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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