Taking Stock of My 2025 Portfolio

March 12, 2026
|
Personal finance

With 2026 here, I thought it was time to time to take stock of my 2025 portfolio. So, here it is. I’m going to go account by account, include what investments I have in each account, and decipher the asset allocation in each.

You’ll see that I follow a simple investing strategy: I invest in broadly diversified index funds of stocks and bonds meant to mimic the overall market. I avoid timing the market, and I prioritize funds with low fees (i.e., index funds).

I do this because passive investing beats active investing 80% of the time. And more than anything, what matters is time in the market, not timing the market.

My 2025 Portfolio Performance

Fidelity Taxable Account

I have a single taxable brokerage account with Fidelity. It’s currently invested in:

  • 6.4% - Cash (waiting to be invested)
  • 1.6% - Individual stock (gifted to me)
  • 91.9% - FSKAX

The cash is waiting to be invested and the individual stock is a tech stock gifted to me during the pandemic. As for FSKAX, this is essentially 100% domestic stock, so for rounding we’ll list the individual account as being all domestic stock. And the management fee is 0.015%.

Fidelity Roth IRA

In this account, my investments are split as such:

  • 100% - FDEWX

FDEWX is a 2055 target-date fund, comprising 54.19% domestic stocks, 37.14% international stocks, and 8.65% bonds. The international stocks component includes FSGEX, where FSGEX comprises 69.45% developed markets stock and 30.53% emerging markets stock. And the management fee is 0.12%.

Fidelity 403(b)

I have a 403(b) from a former employer, still growing but no longer being contributed to.

  • 100% - FFLEX

FFLEX is a 2060 target-date fund, comprising 54.21% domestic equities, 37.16% international equities, and 8.61% bonds. FFLEX also contains FSGEX, so that’s another 69.45% developed markets stock and 30.53% emerging markets stock. And the management fee is 0.08%.

TIAA 403(b)

I have several retirement accounts associated with TIAA, the first being a second 403(b) from another employer. It’s invested in:

  • 100% - VFFX

For VFFX, the fund comprises 53.69% domestic stock, 36.56% international stock, and 7.59% bonds. The international stock appears to be mostly VTIAX, which in turn contains 73.20% international markets stock and 26.80% emerging markets stock. And the management fee is 0.08%.

TIAA 457(b)

The 457(b) is invested in the same fund:

  • 100% - VFFX

Health Savings Account

Lastly, I have a health savings account, with the following investments:

  • 100% - VFIAX

VFIAX is essentially 100% domestic equities, and the management fee is 0.04%.

Summing it up

Putting this all together, we have the following asset allocation;

  • US stock - 60%
  • International stock - 33%
    • Developed - 24%
    • Emerging - 9%
  • Bonds - 7%

My initial goal asset allocation was 90% stocks and 10% bonds, so I’m pleased where the final allocation ended up. I anticipate having many earning years ahead of me, hence the more aggressive asset distribution.

I do worry about the percentage invested in international stocks, which is higher than some other recommended allocations that I’ve seen. I also wonder whether diversifying into REITs or other assets would be beneficial, and plan to look into that over 2026.