Thanks for your input. I probably shoud have pointed out that I have about 15% in Fidelity Magellan and another 25% in a balanced fund. The remaining 60% is divided up in 22 other investments mostly for income, but some in growth sstock. I understand not being able to keep track of too many stocks, but a lot of my holdings are in CEF's which don't require the same level as individual stocks. Diverstity is still the best approach and I like the 3% level as it strikes (for me) that level of commitment that causes concern with price movements.
Everyone should evaluate this on their own, and make the decision that is best for them. I will say, that in spite of being smacked around pretty good lately, my total portfolio is about even for the year. I can only attribute that to the level of bonds and a lot of dumb luck. The jury is still out on ACAS (for me). I am concerned about the topic being discussed right now (unrealized gains) and will be watching closely.
sorry i put you guys on a defenisive posture. i agree everyone needs evaluate their own ports and split it up in ways that make them comfortable.
my port has been smacked around too, however i'm still looking at adding more hcn. more brk too. acas is still in a holding pattern for me, i'm still learning about them. management is supposed to be top notch, just like hcn's.