These did well because of high gold prices and a strong worldwide demand.

Global markets showed the same pattern.

U.S. shares were led by six of the larger technology companies, often called the ‘Magnificent Six’. These companies continue to grow in areas like artificial intelligence, healthcare, cybersecurity and energy.

It may be tempting to chase what has done well recently, but markets can change quickly. This is why diversification is important and why staying invested for the long term matters.

Global shares are still fairly priced, with good opportunities in new and growing sectors. Bonds and inflation-linked investments help to reduce risk.

Finally, as we head into the holiday season, remember that investing is a lot like planning a festive meal: you prepare carefully, trust the recipe, and let time do its work.