Armchair Insider — $100K Model Portfolio · 5-year lookback

What if we invested $100,000 5 years ago?

Apply this model portfolio’s allocations at the start, reinvest each holding’s distributions, and hold without rebalancing or adding money.

View model portfolio & allocations

Oct 8, 2021 – Oct 8, 2026Latest available completed session · Cash-until-launch scenario

This exact portfolio could not be bought in full 5 years ago. $58,072 (58.07%) stays in cash at 0% until the newer funds have a market price: GPIX — $7,257 invested Oct 27, 2023; GPIQ — $6,889 invested Oct 27, 2023; NIHI — $6,548 invested Sep 17, 2025; PBDC — $6,087 invested Sep 30, 2022; KGLD — $5,561 invested Jul 9, 2025; QDVO — $5,312 invested Aug 22, 2024; FSCO — $5,299 invested Nov 14, 2022; RLTY — $4,049 invested Feb 24, 2022; IDVO — $3,944 invested Sep 8, 2022; IYRI — $3,773 invested Jan 15, 2025; BXSL — $3,353 invested Oct 28, 2021. The result below includes this cash assumption.

Your $100,000 becomes$162,012Portfolio value at the end

Total gain / loss+$62,012After reinvesting distributions

5-year total return+62.01%Gain / loss ÷ $100,000

Same investment in S&P 500$188,979SPY · +88.98% · same dates

This plan + cash until launchS&P 500 (SPY)

See each holding’s contribution · 20 investments

Starting dollar allocations match the model portfolio below. Contribution is each holding’s gain or loss divided by the full $100,000 budget; it adds up to the portfolio return.

Position values and contributions for the 5-year portfolio lookback
Holding	Starting allocation	Invested on	Ending value	Gain / loss	Contribution
GPIXGoldman Sachs S&P 500 Premium Income	$7,2577.257%	Oct 27, 2023Cash at 0% until this date	$13,390	+$6,133	+6.13 pp
GPIQGoldman Sachs Nasdaq-100 Premium Income	$6,8896.889%	Oct 27, 2023Cash at 0% until this date	$13,990	+$7,101	+7.10 pp
CEFSSaba Opportunistically Hedged Closed-End Funds	$6,6536.653%	Oct 8, 2021	$12,070	+$5,417	+5.42 pp
NIHINEOS MSCI EAFE High Income	$6,5486.548%	Sep 17, 2025Cash at 0% until this date	$7,404	+$856	+0.86 pp
ARCCAres Capital Corporation	$6,4036.403%	Oct 8, 2021	$9,221	+$2,818	+2.82 pp
PFFAVirtus InfraCap U.S. Preferred Stock	$6,2716.271%	Oct 8, 2021	$7,922	+$1,651	+1.65 pp
PBDCPutnam BDC Income	$6,0876.087%	Sep 30, 2022Cash at 0% until this date	$9,391	+$3,304	+3.30 pp
KGLDKurv Gold Enhanced Income	$5,5615.561%	Jul 9, 2025Cash at 0% until this date	$6,719	+$1,158	+1.16 pp
QDVOAmplify CWP Growth & Income	$5,3125.312%	Aug 22, 2024Cash at 0% until this date	$8,084	+$2,772	+2.77 pp
FSCOFS Credit Opportunities Corp.	$5,2995.299%	Nov 14, 2022Cash at 0% until this date	$9,526	+$4,227	+4.23 pp
NMLNeuberger Energy Infrastructure and Income Fund	$4,5104.51%	Oct 8, 2021	$13,069	+$8,559	+8.56 pp
RLTYCohen & Steers Real Estate Opportunities & Income Fund	$4,0494.049%	Feb 24, 2022Cash at 0% until this date	$4,096	+$47	+0.05 pp
IDVOAmplify International Enhanced Dividend Income	$3,9443.944%	Sep 8, 2022Cash at 0% until this date	$8,276	+$4,332	+4.33 pp
IDViShares International Select Dividend	$3,8653.865%	Oct 8, 2021	$7,094	+$3,229	+3.23 pp
IYRINEOS Real Estate High Income	$3,7733.773%	Jan 15, 2025Cash at 0% until this date	$4,086	+$313	+0.31 pp
OVLOverlay Shares Large Cap Equity	$3,6953.695%	Oct 8, 2021	$7,084	+$3,389	+3.39 pp
NLY-PGAnnaly Capital Management Series G Preferred	$3,6683.668%	Oct 8, 2021	$5,564	+$1,896	+1.90 pp
PTYPIMCO Corporate & Income Opportunity	$3,5503.55%	Oct 8, 2021	$3,561	+$11	+0.01 pp
BXSLBlackstone Secured Lending Fund	$3,3533.353%	Oct 28, 2021Cash at 0% until this date	$5,038	+$1,685	+1.68 pp
ADXAdams Diversified Equity	$3,3133.313%	Oct 8, 2021	$6,426	+$3,113	+3.11 pp
Portfolio total	$100,000	Oct 8, 2021	$162,012	+$62,012	+62.01%

Hypothetical hindsight illustration using this plan’s selected holdings and allocation weights. It is not the creator’s actual historical portfolio or a live performance record. Each position’s ending value is its initial allocation × ending adjusted close ÷ purchase-date adjusted close. Distributions are reinvested in the same security; no rebalancing, withdrawals or new contributions. Fractional shares are assumed. Personal taxes and transaction costs are excluded; fund expenses are reflected in market-price performance.

The window ends on the latest verified session shared by all holdings and begins on the first matched trading session on or after its 5-year anniversary. International comparisons require same-date prices and exchange rates. Chart points use dates with prices for every invested holding. Dollar values are rounded for display; totals use unrounded values. New funds use their first available market close, which can follow the issuer’s inception date. Return methodology

All holdings checked Oct 10, 2026.

Based on Armchair’s published portfolio

Armchair Insider — $100K Model Portfolio

20 investments selected from Armchair’s published holdings, with varied 1–10% weights.

A $100,000 Income Lens adaptation of the August 28, 2026 public snapshot. The largest 20 of its 36 positions form this model. Source percentages remain visible beside our adjusted targets; this is not the creator’s full portfolio. Source checked September 21; later trades are not included.

See the allocations Download allocations

Source as of Aug 28, 2026 · Source checked Sep 21, 2026 · Model prepared Sep 25, 2026

What this plan follows

The latest public snapshot we found

Published holdings, dated clearly

The August 30 newsletter links to the August 28 allocation. The portfolio and newsletter archive were checked on September 21, 2026. This does not establish trades or weight changes after August 28.

Select the 20 largest positions

The source has 36 holdings. This model retains its 20 largest published positions, with ticker order breaking ties. Excluded source holdings remain part of the dated source, but do not receive any of this model’s budget.

Apply your allocation limits

Select the 20 largest positions in the August 28 source, breaking ties by ticker. Use their published weights as relative priorities. Scale the relative priorities proportionally, holding each position between 1% and 10%. Redistribute the remaining budget among positions inside those limits. Round to whole dollars using largest fractional remainders, with ticker order breaking ties. The source percentages sum to 99.97%; the model’s adjusted weights total 100%.

Where the capital goes

Portfolio mix

Equity option income$33,47433.474%
Closed-end fund strategies$17,56517.565%
Private credit & BDCs$15,84315.843%
Preferred securities$9,9399.939%
International equity$7,8097.809%
Alternative income$5,5615.561%
Diversified credit$5,2995.299%
Energy & infrastructure$4,5104.51%

Categories are Income Lens groupings. The source’s relative position sizes guide our targets, subject to the 20-holding maximum and 1–10% limits.

Published weights → $100K targets

20 selected holdings

Published percentages are shown beneath each target weight. Dollar amounts are hypothetical allocations before share rounding, fees and taxes.

20 of 20 holdings · Every amount is a proposed allocation in USD.

Proposed holdings, percentage allocations, dollar amounts and selection rationale
Investment	Target weight	Amount to invest	Source & holding notes
GPIXGoldman Sachs S&P 500 Premium Income ETFEquity option income	7.257%Published 5.52%	$7,257	Listed in the published portfolio at 5.52%. Selected among the 20 largest source positions. Its relative source weight sets the priority before applying our 1–10% limits. What to watch Option overlays can limit upside and leave substantial equity downside. Distributions can change. Research source
GPIQGoldman Sachs Nasdaq-100 Premium Income ETFEquity option income	6.889%Published 5.24%	$6,889	Listed in the published portfolio at 5.24%. Selected among the 20 largest source positions. Its relative source weight sets the priority before applying our 1–10% limits. What to watch Option overlays can limit upside and leave substantial equity downside. Distributions can change. Research source
CEFSSaba Opportunistically Hedged Closed-End Funds ETFClosed-end fund strategies	6.653%Published 5.06%	$6,653	Listed in the published portfolio at 5.06%. Selected among the 20 largest source positions. Its relative source weight sets the priority before applying our 1–10% limits. What to watch Market discount or premium, leverage, NAV total return and distribution coverage. Research source
NIHINEOS MSCI EAFE High Income ETFEquity option income	6.548%Published 4.98%	$6,548	Listed in the published portfolio at 4.98%. Selected among the 20 largest source positions. Its relative source weight sets the priority before applying our 1–10% limits. What to watch Option overlays can limit upside and leave substantial equity downside. Distributions can change. Research source
ARCCAres Capital Corporation BDCPrivate credit & BDCs	6.403%Published 4.87%	$6,403	Listed in the published portfolio at 4.87%. Selected among the 20 largest source positions. Its relative source weight sets the priority before applying our 1–10% limits. What to watch Borrower defaults, non-accruals, leverage and supplemental dividends that may not repeat. Research source
PFFAVirtus InfraCap U.S. Preferred Stock ETFPreferred securities	6.271%Published 4.77%	$6,271	Listed in the published portfolio at 4.77%. Selected among the 20 largest source positions. Its relative source weight sets the priority before applying our 1–10% limits. What to watch Interest rates, issuer credit quality, call terms and liquidity. Research source
PBDCPutnam BDC Income ETFPrivate credit & BDCs	6.087%Published 4.63%	$6,087	Listed in the published portfolio at 4.63%. Selected among the 20 largest source positions. Its relative source weight sets the priority before applying our 1–10% limits. What to watch Borrower defaults, non-accruals, leverage and supplemental dividends that may not repeat. Research source
KGLDKurv Gold Enhanced Income ETFAlternative income	5.561%Published 4.23%	$5,561	Listed in the published portfolio at 4.23%. Selected among the 20 largest source positions. Its relative source weight sets the priority before applying our 1–10% limits. What to watch Concentrated underlying exposure, commodity or crypto volatility and variable option income. Research source
QDVOAmplify CWP Growth & Income ETFEquity option income	5.312%Published 4.04%	$5,312	Listed in the published portfolio at 4.04%. Selected among the 20 largest source positions. Its relative source weight sets the priority before applying our 1–10% limits. What to watch Option overlays can limit upside and leave substantial equity downside. Distributions can change. Research source
FSCOFS Credit Opportunities Corp. CEFDiversified credit	5.299%Published 4.03%	$5,299	Listed in the published portfolio at 4.03%. Selected among the 20 largest source positions. Its relative source weight sets the priority before applying our 1–10% limits. What to watch Borrower losses, leverage, NAV changes and distribution coverage. Research source
NMLNeuberger Energy Infrastructure and Income Fund CEFEnergy & infrastructure	4.51%Published 3.43%	$4,510	Listed in the published portfolio at 3.43%. Selected among the 20 largest source positions. Its relative source weight sets the priority before applying our 1–10% limits. What to watch Sector concentration, underlying cash flows and borrowing or option costs. Research source
RLTYCohen & Steers Real Estate Opportunities & Income Fund CEFClosed-end fund strategies	4.049%Published 3.08%	$4,049	Listed in the published portfolio at 3.08%. Selected among the 20 largest source positions. Its relative source weight sets the priority before applying our 1–10% limits. What to watch Market discount or premium, leverage, NAV total return and distribution coverage. Research source
IDVOAmplify International Enhanced Dividend Income ETFInternational equity	3.944%Published 3.00%	$3,944	Listed in the published portfolio at 3.00%. Selected among the 20 largest source positions. Its relative source weight sets the priority before applying our 1–10% limits. What to watch Currency movements, regional equity risk and changing distributions. Research source
IDViShares International Select Dividend ETFInternational equity	3.865%Published 2.94%	$3,865	Listed in the published portfolio at 2.94%. Selected among the 20 largest source positions. Its relative source weight sets the priority before applying our 1–10% limits. What to watch Currency movements, regional equity risk and changing distributions. Research source
IYRINEOS Real Estate High Income ETFEquity option income	3.773%Published 2.87%	$3,773	Listed in the published portfolio at 2.87%. Selected among the 20 largest source positions. Its relative source weight sets the priority before applying our 1–10% limits. What to watch Option overlays can limit upside and leave substantial equity downside. Distributions can change. Research source
OVLOverlay Shares Large Cap Equity ETFEquity option income	3.695%Published 2.81%	$3,695	Listed in the published portfolio at 2.81%. Selected among the 20 largest source positions. Its relative source weight sets the priority before applying our 1–10% limits. What to watch Option overlays can limit upside and leave substantial equity downside. Distributions can change. Research source
NLY-PGAnnaly Capital Management Series G Preferred PreferredPreferred securities	3.668%Published 2.79%	$3,668	The published NLY.PR.G. position is Annaly Series G preferred stock. NLY-PG is the equivalent price-data symbol. What to watch Interest rates, issuer credit quality, call terms and liquidity. Research source
PTYPIMCO Corporate & Income Opportunity CEFClosed-end fund strategies	3.55%Published 2.70%	$3,550	Listed in the published portfolio at 2.70%. Selected among the 20 largest source positions. Its relative source weight sets the priority before applying our 1–10% limits. What to watch Market discount or premium, leverage, NAV total return and distribution coverage. Research source
BXSLBlackstone Secured Lending Fund BDCPrivate credit & BDCs	3.353%Published 2.55%	$3,353	Listed in the published portfolio at 2.55%. Selected among the 20 largest source positions. Its relative source weight sets the priority before applying our 1–10% limits. What to watch Borrower defaults, non-accruals, leverage and supplemental dividends that may not repeat. Research source
ADXAdams Diversified Equity CEFClosed-end fund strategies	3.313%Published 2.52%	$3,313	Listed in the published portfolio at 2.52%. Selected among the 20 largest source positions. Its relative source weight sets the priority before applying our 1–10% limits. What to watch Market discount or premium, leverage, NAV total return and distribution coverage. Research source
Total allocation	100%	$100,000	20 holdings · Fully allocated

Source trail

Sources & assumptions

Armchair’s published portfolioAugust 28, 2026 snapshot. All 36 tickers and weights were cross-checked against the PDF linked in the August newsletter.August newsletter and original portfolio PDFPublished August 30, 2026. Links to the interactive portfolio and the original allocation PDF.Armchair Insider newsletter archiveChecked September 21, 2026; the latest public edition found was August 30, 2026.Annaly Series G security identificationIdentifies Series G as NLY.G on the NYSE. Armchair uses NLY.PR.G.; the price-data provider uses NLY-PG. It is distinct from NLY common stock.

Security identity. NLY.PR.G. in the original table is Annaly Series G preferred stock, shown here as NLY-PG. It is not Annaly common stock. THQ is listed under its current abrdn name; the source calls it Tekla.

Allocation snapshot. This adapts a subset of the disclosed holdings to a hypothetical $100K budget. It does not reconstruct the creator’s purchase prices, trades, reinvestment choices, taxes or realized returns. No trades have been placed.

Past picks & performance → Review former Armchair holdings and their latest one-year $10,000 returns.

Compare with the original plan

The archived original $1M plan

The original $1M selections, weights, dollar amounts and investment rationale remain unchanged for historical comparison.

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