Comments on: March 2008 Net Worth Update http://www.mapgirl.net/mfc/2008/04/03/march-2008-net-worth-update/ Just tidbits about money and finance. Wed, 03 Dec 2008 23:53:06 +0000 http://wordpress.org/?v=2.5 By: Brian A http://www.mapgirl.net/mfc/2008/04/03/march-2008-net-worth-update/#comment-192211 Brian A Thu, 03 Apr 2008 16:25:54 +0000 http://www.mapgirl.net/mfc/2008/04/03/march-2008-net-worth-update/#comment-192211 Regarding your old 401(k) plan that is down this year: I know it may be emotionally difficult to accept the nearly 9% lost this year but there is no logical reason for holding on to it in hopes it does better next quarter. You already said you are not happy with your holdings there so I think you should cash out now and transfer the money to a rollover IRA (or your current 401(k)) where you'll have more control. "Ignore sunk costs in all future decision making" My 2 cents - not that you were asking :) Regarding your old 401(k) plan that is down this year:

I know it may be emotionally difficult to accept the nearly 9% lost this year but there is no logical reason for holding on to it in hopes it does better next quarter. You already said you are not happy with your holdings there so I think you should cash out now and transfer the money to a rollover IRA (or your current 401(k)) where you’ll have more control.

“Ignore sunk costs in all future decision making”

My 2 cents - not that you were asking :)

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