On the off chance we catch a rally in the next few days off this rate cut, may I suggest that it is once again time to do some mutual fund spring cleaning?

There are a host of funds still down 40%, and, when they rally, I think you should take something from them and give money to people who are more deserving.

In particular, I would caution against the


Van Kampen Tech fund,

(BFOCX) - Get Report

Berkshire Focus,

Van Wagoner's

family, Firsthand's

(TEFQX) - Get Report

eCommerce and


Communication funds,

(MAFOX) - Get Report

Merrill Lynch's Focus 20 fund,


AIM's Telecom and the

Grand Prix


C and


A funds.

Let's say you really think technology is the place to be, you can swap out of these funds into some better tech funds, catch the move and take the tax loss. Why focus on these funds now? Frankly, I am a huge believer that you should be with professionals who would never put you down 40%. No rich person who I advised would put up with such poor performance and since the goal is to be rich if you are in the market, I think their advice makes sense.

Sure you can stick with the lousy funds. Doesn't matter to me. I don't make money either way. But I care tremendously about the craft of money management.I wish I could say the same about the managers of these funds.

Random musings:

Care to find out the skinny on the companies that reported tonight? See my article on


after I am on


tonight, around 8 p.m. Trying to figure out who is worth betting on long-term for your IRA or


? Perhaps you should order my

Great CEOs video..

James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column to