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How I invested my $1,000,000
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But first, let me tell you about one more stock that I accidentally omitted from my first post. PSYS (Psychiatric Solutions) operates inpatient mental health care facilities. They have 75 hospitals in 29 states and have 8000 beds. Their profit margin is 5% and their net income doubled from 2005 to 2006. Demand for inpatient mental health care is strong and PSYS grows by acquisition and building new facilities. Their trailing PE is 27, but their forward PE is 16. So to recap the fundamentals: Strong products I believe ACAS, FDS, GIL, LTFD, PSYS, VLO and XTO have all of the above. Now on to the $1,000,000: I put 15% each into ACAS, PSYS and XTO. ($150K each / $450K total) I put 9% each into FDS, GIL, LTFD and VLO. ($90K each / $360K total) This made my fund compliant and left $190K in cash. I did this to allow for market dips that I could exploit by buying more of the above stocks. This past week all but one of my stocks took a dip. The gainer, at less than 1%, was LTFD, somewhat ironically, the riskiest stock in my portfolio. Two stocks lost about 8%, PSYS and VLO. Next week I will increase my positions in these two stocks by 10%. Anything under a 5% dip from my purchase price, I consider noise. | ||
