Is encrypting a /home directory suggested?

[Frank]

On Mon, 2011-12-19 at 21:28 -0500, Ric Moore wrote:

> Depends on what you have on your computer. (...)if I was using a
> laptop, and traveled with it while carrying personal/business
> financial files or official state secrets,

What about leaving /home unencrypted and save sensitive files on a
TrueCrypt container?

>From a security point of view, would that be a good approach?