robb, I have two managed portfolios, one IRA and one not, each with excellent financial advisors. One achieves a 10% return and the other about 14% on a 10 year basis. I have moved significant capital into these 100% equity investments, though I retain my Schwab account and continue to invest opportunistically in stocks I favor... just in smalled $ increments. I own zero bonds in any form.
Part of the reason for my restrategizing is the time commitment my former equity portfolio took to manage, a commitment that I choose not to perpetuate, and part is a belief that better future opportunities exist in global equities, ETF's, commodity and currency plays... all areas where my domestic trading experience has scant relevence. I retain my interest in the healthcare sector and will continue to invest there, opportunities permitting. Never fear, my family's position in WAG stock assures I will maintain some focus here!
I urge you to consider carefully your projection on hospital M&A. This entire sector is overbuilt in many markets, redundant in costly technology investments (under-utilized), vulnerable to spend reduction mandates and poised to lose higher-margin uninsured patient fees-for-service as Obamacare takes hold. The most profitable part of any hospital's environment is the O/R which is increasingly under pressure from much lower cost Surgi-Centers that can perform nearly all but the most complex procedures on an outpatient basis. The latter, emerging channel is the area I am considering for investment. Just a tip...
GLTA,
Yank
