bluefang, I am a little distress reading about people losing homes and marriages over any investment. It is probably due to lack of diversification and betting everything on one "horse". Not wise money management. We are all going to face a situation where we made a bad selection and get caught in a huge gap down (some on my thread just suffered the same on MIR recently, despite the fact that I was as clear as I am ever that its financial situation indicates high likelihood of bankruptcy), I myself many years back got caught in a scam and the SEC halted trading in the stock, when it reopened it was worth "zilch". Just two years ago I repeated the same error with another malfeasant company. As a matter of fact if you invest in higher risks situations the more likely you are to meet such a fate. None of these should get you to losing a house or a marriage if you put a limit on how much of your folio a given position is. My own rule is about 2% and sometimes that grows to as much to 10% (at one time today, I was close to that on the bu$$ but went to sleep with it being just under 5%) and that simply because since my reentry early in January, it more than tripled and I have taken a bunch off the table. Any folio can take a hit of 5% to 10% without it being a disaster. The down side with this approach is that good selections don't "get the full play", the upside is that you don't get murdered when a position turns against you.
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