A Bold Move
I just purchased some shares of RSP, an ETF which tracks the S&P 500. RSP is an “equal weight” ETF. It does not focus on the size of the companies that it invests in, but is comprised of equal portions of all the stocks in the S&P 500. After yesterday’s pullback (free-fall?), I wanted to pick up some shares at a “discount”. Basically, I’m hoping that yesterday was just a “blip” on the radar screen and that the market will move forward from here. Either way, I had about $1500 sitting in my daughter’s ESA and I needed to put that money to work.