| Dear Friend,
The holiday-shortened week brought some headwinds, resulting in a small 1.0% loss in the Composite. Wiley Wolf was the only gainer, but it had the largest impact, as usual.
We started making some adjustments to the portfolios to get set up for 2021. We put together a guide telling you what you need to do to prepare for the changes. Be sure to check it out.
Next week's yearly recap report will be coming out on Sunday, January 3.
Hope you had a great and safe holiday.
Terry
| 
