Please join us.
This Tuesday, 5 January.
First session will feature my colleague Lynn Bolin, who contributes regularly to Mutual Fund Observer and Seeking Alpha. Second session will be overview.
Register here.

Apple is a "blend—a blue chip stock with its heady growth days in the past"

This article was just published today:
https://www.bloomberg.com/news/articles/2020-12-29/bruce-berkowitz-scores-big-with-decade-long-bet-on-florida-land

I would move there tomorrow if the hurricane threat was minimal. Beautiful part of Florida, but right in the bull's-eye, as far as strong storms go. All of that warm Gulf water to intensify.

some really interesting things here
https://www.nytimes.com/2021/01/01/upshot/why-markets-boomed-2020.html

@Mark,
thanks
A very experienced financial writer friend whom I freelance with sometimes quickly fixed Uppaluri's comical regurgitation:
The fund's concept is to track the total return of the Russell 1000 Index while having less of that return consist of income. It invests in a representative sample of stocks in the index, favoring those with low or no dividends, and also minimizes capital gains in two ways: by managing how they're offset by losses and by keeping turnover low. In recent performance the fund's total return has been well within its target [+/- tktk] limit, while on average trading only 14% of holdings a year.

@Mark It seems likely that is at least partly due to it being a fund of funds. Here are the top holdings per M*. Also, per M* turnover is currently 389%. So, they keep active with their fund trading. That helped last winter.
Per their fact sheet "By using liquid investment products, opportunities can be seized and risk can be managed effectively." A "Monthly Strategy Focus Report" I got from them indicated their actively invested portfolio percent changed from 86.45% on 10/31 to 178.98% on 11/20!
Per M*:
Top 9/30/20 Holdings............................% Portfolio
Fidelity® Inv MM Fds Government .............40.83
AlphaCentric Income Opportunities ...........15.81
BlackRock High Yield Bond Instl.................14.15
Recv Nuveen Prf Secs Inc...........................13.79
Pimco Govt Mm Instl..................................10.55
Braddock Multi-Strategy Income Instl........10.36
Eaton Vance Floating.................................10.3
Columbia Mortgage Opportunities Inst3.....10
M* Link
Fact Sheet

Year-end portfolio tinkering.
Me thinks perhaps the market forces the Fed unleashed in March 2020 will continue to play out in 2021 as vaccines get distributed. With that in mind, a couple of "exotic" funds were added to the fund portfolio.
Bond Pot: Added SVARX. Sold PFOAX. Pot includes PTIAX, PONAX, RCTIX, SVARX, IOFIX. IOFIX will probably be eliminated as it continues to recover in 2021 (replace with GIBLX or ?).
Mixed I Pot: Added GBLMX. Sold HBLAX. Pot includes VWINX, GBLMX, DHHIX, PFANX, TRECX.

https://seekingalpha.com/article/4396920-amplify-cwp-enhanced-dividend-income-etf-5-distribution
The Amplify CWP Enhanced Dividend Income ETF seeks to deliver cash flow of 4% to 7% gross of fees and commissions plus the potential for capital appreciation.
Since inception in 2016, DIVO has an average annual return of 12.5% with a beta of 0.78 compared to the S&P 500. TTM distributions are about 5%.
DIVO is strategically designed to offer high levels of total return on a risk-adjusted basis.
Mutual Fund Observer classifies DIVO as a Great Owl Fund in the Equity Income Category with a MFO Rating of 5 (Best) and MFO Risk of 4 (Similar to S&P 500).
Morningstar's new Crowd Sense metric rates DIVO as "High Attention" and "High Appeal". It gives DIVO a quantitative Five Star Rating and Bronze Medal Performance.

TMSRX has a drawdown -6.5% in March. Otherwise it has been quite good and managed to out-perform bond index. Let's hope it continue to do well in 2021.
If you don't mind the high ER, River Park Long/short fund is up over 50% this year with ER at 2%.

Fascinating to track how it remains the barest hair ahead of VONE over all large intervals from 10y on in --- so consistent. How dey do dat?

From M* Fund Report by Venkata Sai Uppaluri:
"The fund samples the Russell 1000 Index to
minimize taxable dividends while approximating the
composition of the Russell 1000 Index. To do this, the
fund invests in stocks that pay lower dividends within
the index, harvests tax losses when available to offset
capital gains, and minimizes turnover that can unlock
capital gain taxes. The portfolio managers are
constrained by strict tracking-error limits to the Russell
index. Consequently, the fund closely approximates that
benchmark, with a low active share of 14%."

VTCLX is an actively managed fund that tracks the Russell 1000 Index while minimizing tax effects.
The fund has performed well and may be worthy of consideration.

Fascinating to track how it remains the barest hair ahead of VONE over all large intervals from 10y on in --- so consistent. How dey do dat?

wrapup and more
https://www.washingtonpost.com/business/2020/12/31/stock-market-record-2020/

VTCLX is an actively managed fund that tracks the Russell 1000 Index while minimizing tax effects.
The fund has performed well and may be worthy of consideration.

I use it (not nearly enough!) because it very slightly outperforms SP500 over 10-5-3-1y etc. (Same w/ CAPE, again not nearly enough, so faithless was I this last year.)

@bee - I'm wondering if you might use PRBLX instead of VONE if you were tying to replicate a Russell 1000 index fund.
Also, have some chosen to use that index instead of the S&P 500 index?

Since the slump start, 2/21, as good a checkpoint as any, not seeing a reason for any of these over VONE, except that MIEIX sure is a recent winner. (Or, indeed, for dip shallowness, much over AOR, which outdoes VLAAX.) VDIGX has big dip plus subpar performance td. DSEEX has the biggest dip of all, that bond sauce fail.

Not sure where best to put this, so I chose Other Investing.
Already, stimulus checks ($600) are indeed coming. I have an email from my credit union. Supposed to be deposited on 01 January, 2021.

nah, I disagree, it doesn''t even out...I'd take my chances with a slowly rising sea way before I went into some rat hole crime infested city led by Marxists and politco cronies looking to suckle of the teet of other's savings and hard work. Criminals and punks wilding and looting...ya that's a good idea, let's defund the cops...
I'll be putting my house up for sale outside Chi town in the next two months after 25 years...sell into this epic bubble....property taxes are 5x as in home in Asheville, for 1/5 the land and 1/3 the home value...too many taxing districts, now local school looking for more, more , more thru tax referendum, putting out feelers. Good Luck, they are insane asking for more tax revenue when so many out of work etc. Selling more video gambling licenses, trying to build large casino, selling weed...needs the tax monies to keep the socialism going...as all the folks with means and companies leave...
So ya, I still wave old glory and believe in living right and being free.
Good Luck to all,
Baseball_Fan