Part of it is that I did make an outsized bet on VEC on 10/20 when it dropped to $19.71. I sold those shares a month later for a very quick and very sizable 30% profit. I guess I didn't really notice it as everything else was crashing and burning around me in the fourth quarter (shudder).
Then I rebought it at the start of the year at $25 and moved into my MFI portfolio 2/1. So it is up another 35% for me. VEC is an interesting stock that made both Greenblatt lists, spinoff and MFI.
I am sitting on the most cash (in absolute terms) in my investing "career". A bunch of it is earmarked for my next two MFI Formula tranches. The rest will be used to either
- Pay down mortgage
- Stay in cash
- Bonds/income stocks as I try my retirement glide or
- Something altogether new (perhaps a big cap MFI tranche).
Exciting times indeed.