I am quite optimistic for 2021, given the COVID vaccine, a gridlocked Congress, low interest rates, easy money, a supportive Fed, global fiscal stimulus, a recovering economy, pent up consumer demand, and a return to a normal world. My portfolio tends to be steady and balanced and I rarely trade, but I did move a slug of bond money into equities in late March when the market crashed. I was convinced that the crash factors, Covid and an oil price war, were temporary external factors and I decided to bet on a "V" shaped recovery. It worked out well.
My purchases were focused on value stocks with high dividends, mostly in energy. I picked up XOM with a 10% dividend, XLE with 9%, and AT&T with 7%. I also bought Delta at $21 and it is now up 100%. I still hold these stocks but am not buying more. I even took a gamble in March on Carnival Cruise Line (CCL), something I would not normally do, but bailed a week later when I learned they would not get a government bailout. Still I made 73% on that trade.
For my age , 70, I am currently overweight in stocks (63%) and very light in cash (5%), and will hold this position for at least half of 2021 if not longer. Total portfolio is up 9% YTD, which feels pretty good after the huge hit in the spring.