Case study: What to do after botched IRA $73K rollover?

[pielee2005]

Hey everyone,

I find myself in a pickle and would love some advice.  Per good financial advice, I decided to rollover my higher fee 401k(s) into a Vanguard IRA, and planned to invest in low fee ETFs.

However, during the rollover, I mistakenly thought that the trade was "in kind" meaning that the funds would automatically go into more equities, but instead it was liquidated into a money market account.  I know this was a VERY dumb oversight but I was moving across country, starting a new job, etc.  No excuses though it was pretty stupid. 

This was in August, and now the market has skyrocketed 15% and looks like it will continue to rise.  This is around $73k and this represents less than 10% of our assets.

What would you do in my situation?  Would you just bite the bullet/eat the loss and just buy back into the market to capture the likely future gains, or would you wait it out?

Thank you community.

[Bracken_Joy]

So it's still in an IRA, just in a settlement fund?

"The best time to plant a tree was 20 years ago. The second best time is now"
"Time in market beats timing the market"

Apparently, smart people* have determined that if you have a lump sum, the vast majority of the time time in market beats dollar cost averaging.

*not me, I have looked with glazed eyes at the math/studies, and so I'm just parroting it. If you wanna see them I'll @ someone more useful haha.

I would just dump the money in, per your planned asset allocation, and roll with it. Mistakes were made, life goes on.

[NoStacheOhio]

What would you do in my situation?  Would you just bite the bullet/eat the loss and just buy back into the market to capture the likely future gains, or would you wait it out?

Thank you community.

You haven't lost anything. You just missed out on some gains.

Invest the money in accordance with your plan and don't give it any more of your brainpower.