When flying do you put your extra handbags in checked luggage or carryon luggage?

I'll only travel with 2-3 expensive bags.
They're always in my carry-on, because, as others have mentioned, most airlines will not reimburse you if your luggage gets lost/stolen.
I also know someone who had THREE bags stolen out of her checked baggage.
 
Checked luggage. I'm so effin' sick of huge carryons and all the space they take up and I worry I won't have room for mine. it's actually very freeing to just have my bag with me on a flight. Now then, I might change my tune if I ever had any luggage lost, but knock on wood no problems yet.