When it comes to mutual funds, how much is too much?

In today's Portfolio Therapy, Dagen McDowell advises listeners on how many mutual funds they should own. Dagen also answers questions on how to position your portfolio as the U.S. girds for battle with Iraq.

Lastly, your portfolio therapist suggests the heated calls for more frequent disclosure of mutual fund holdings are going a bit overboard. Funds already tell you enough to help you decide between a good one and a rotten one, Dagen advises.

Dagen's Portfolio Therapy, a twice-weekly 20-minute Webcast, gives listeners sound financial advice, answers to tough investing questions and lively rants against the excesses and abuses on Wall Street. Click on the accompanying tile above to listen to today's program. You can also check out Dagen's previous sessions.