2009 investment focus

I have decided to narrow my investment focus for 2009 because there are just to many opportunities out there and I am having trouble focusing. Because I am sixty years young and want faster returns then I would seek if I was 40 again, I have set my goals for one year and five years.

Stocks; look for a 20% return for 2009 buying stocks in companies with strong balance sheets and low P/E's

For example;

Arch capital P/E 7

Hess P/E 5

Manpower P/E 7

Center point energy P/E 10

Omenicell P/E 14

Cisco P/E 12

Cat P/E 7

LVS P/E n/a

Alcoa P/E 4.5

Dell P/E 7.67

Harley P/E 4.4

Royal Caribbean P/E 3.8

Forest labs P/E 7.89

International paper P/E 5.67

Ralph Lauren P/E 8.8

All these are on my list and I will pick a few of these stocks and go in for about $25,000 total portfolio. I will look at the companies balance sheets for a strong cash position, a history of profitability, a low P/E and a stock price down 50% from last years highs. That should give me a good chance to see 20% to 30% returns in one year. A history of paying dividends will be a clincher.

Real Estate: This is my preferred investment because you can directly effect value by what you do.

I will look for a property that will support manufactured houses. I want to buy used mobile homes cheap and rent them out for monthly cash flow. I have set the goals as follows.

Per house lot cost; $6.000 - $8,000 at move in state

Per house cost, $8,000 or less at ready to move in stage.

Total per rent-able unit cost at a three year payout.

This means that if the rent is $600 per month the total cost per house can not exceed $21,600 At this rate I can have ten or so rent able units, all paid for with in six years, for a monthly gross income of $7,500

I should be able to net $4,000 per month after operating cost.

Businesses: The rest of my goals have to do with selling off my other businesses and real estate to insure a retirement income of $120,000 per year. I won't really retire, not my style, but the income needs to be more passive. That is where I am headed and I will keep you'll posted on progress.