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Rollover your 401K to Vanguard. Simple. Painless. And quick when you do it.

Don't play with individual stocks unless you are a better stock picker than Warren Buffet. You'll tend to take on much more risk.

If you have company stock in your 401K plan and can sell it, sell it now or before you rollover.

You want to be diversified in your IRA..and have some inflation protection.

What you want inside a tax protected plan is total return.

Outside your IRA, you can invest differently. Tax treatment is's a lot better paying 15% on dividends than 25% or whatever. But think mutual funds.

It's not fun watching one stock or sector plummet by 50% when the market overall goes down 15%. Or you could own a Lehman Bros type stock or Enron or WCOM. Great going up. Not so great coming down.

Everytime you think about individual stocks, take a 2x4 and whack yourself up by your head. Repeat until thought disappears.

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