AAII Asset Allocation Survey: Individual Investors Continue to Favor Equities in Portfolio Allocation


Stock and stock funds accounted for 66.0% of the average individual investor portfolio, according to the January AAII Asset Allocation Survey. Cash allocations fell last month to 17.7% of the average investor portfolio, 5.8 percentage points below the long-term average of 23.5%. Cash allocations have been slowly declining since February 2016 when portfolio allocation to cash registered 21.3%. Over that same time frame, investor allocation to stocks rose from 61.5% of the average individual investor portfolio to 66.0% reported by members of the American Association of Individual Investors during January 2017.

Cash allocations declined by 0.2 percentage points, to 17.7%. Cash allocations have registered below their historical average of 23.5% for the 62nd consecutive month.

Stock and stock fund allocations declined by a very modest 0.3 percentage points, to 66.0%. January was the 46th consecutive month with equity allocations above their historical average of 60.6%.

Bond and bond fund allocations increased 0.6 percentage points, to 16.4%. The historical average is 15.9%.

January AAII Asset Allocation Survey results:

  • Stocks and stock funds: 66.0%, down 0.3 percentage points
  • Bonds and bond funds: 16.4%, up 0.6 percentage points
  • Cash: 17.7%, down 0.2% percentage points

Note: Figures may not add to 100% due to rounding.

 January AAII Asset Allocation Survey details:

  • Stocks: 31.2%, up 1.2 percentage points
  • Stock funds: 34.8%, down 1.6 percentage points
  • Bonds: 3.4%, up 0.6 percentage points
  • Bond funds: 13.0%, unchanged
  • Cash: 17.7%, down 0.2% percentage points

Historical Averages:

  • Stocks/Stock Funds: 60.6%
  • Bonds/Bond Funds: 15.9%
  • Cash: 23.5%

*The numbers are rounded and may not add up to 100%.

The AAII Asset Allocation Survey has been conducted monthly since November 1987 and asks AAII members what percentage of their portfolios are allocated to stocks, stock funds, bonds, bond funds and cash.

Want to weigh in? Take the survey yourself and see results online at http://www.aaii.com/assetallocationsurvey.

If you want to become an effective manager of your own assets and achieve your financial goals, consider a risk-free 30-day Trial AAII Membership.


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