For those of you who don't follow Bill Miller, he is an investor that has beaten the S&P 500 for 15 straight years (this year was close).  Since most pundits believe you can't consistently beat the market (defined as the S&P 500), this is an amazing track record.

I wrote about a year ago how I use Financial Engines to help with my investing decisions. I figured now would be a good time to assess the quality of Financial Engines' recommendations. 

Using Quicken 2004, I earned a 7.4% annual return on all my taxable and non-taxable investing accounts. The S&P 500 gained 3.0% for 2005.  I'm also about 8% weighted in bonds and 2% in cash.  Therefore, my portfolio is less risky than the S&P 500. Also, since my positions are typically low cost index funds and I only pay $300 a year to Financial Engines, meaningless fees aren't eating into my returns.

I can't say I'm on my way to being the next Bill Miller...but I'll savor the healthy returns for now!