I believe it should be adequate as long as your overall portfolio is diversified since it’s really the overall that counts.

It’s good to hear that you are doing much research in the funds and sectors you invest in because most people don’t do this enough!

My “overall” portfolio (stocks, bonds, real estate, currencies) is diversified, but each account I have isn’t diversified.

For instance, I have a small real estate portfolio. my 401k focuses on foreign stocks, while my personal stock account focuses on mining and defense companies. With my last two accounts, I hold some stocks not denominated in US currency (so I have some currency diversity there too). Throw in a few bonds and CD’s here and there and that’s it.

I don’t mind risk in my portfolio because I’m still relatively young. I do extensive research in order to minimize my risk in the funds and sectors I invest in.

I don’t want to be so diversified that my returns are essentially minimized. That’s why I focus each of my accounts in a different area.

You know when you have an addiction problem when you are at the airport and still trying to reply to comments!!!