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I do my stocks myself at the moment, so I've put in sell orders that activate at certain levels if the stocks crash like that on companies I have a decent amount in.
Same here, BB. Stop loss and trailing stops are the way to go in a volatile market that is prone to the occasional crash. It's not a perfect strategy but then, what is? At least it limits big losses when we get one of those gut-wrenching plunges.

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I am in favor of a diversified investment strategy that includes the speculation with PM's. To me 100$ stock or PM's is dangerous.
I agree 100%. When investing, as in life, moderation seems to be the key.
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I can convert PM's into cash on the same day, I can't do that with stocks.
True, MK. But then there is a "settlement date" issue with stocks. I understand where this rule came from but it seems a little outdated, especially when one can buy and sell with a few mouse clicks and our brokers hold BOTH the stock and the money! It isn't as if there was a problem with 2 parties involved or they had to wait to be paid.
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If I was going to retire soon I may really have to think about how much I want in stocks.
Yes, that is a concern. A large loss just before or after retiring can be a real portfolio buster. Trailing stops and stop loss orders work well here too.
On the other hand, bonds have a lot more risk then bond buyers are getting paid to accept. I'd be REAL careful with them as well.
On the 3rd hand, lol, I have no worries about maintaining a decent PM hoard as insurance against financial Armageddon. It might or might not be the financial answer I seek but we won't know that until AFTER the SHTF. I know that I trust the solid value of PMs more than I trust the supposed value of paper with ink on it that is whipped up out of thin air and in any amount the Fed wants.