I sent a check to my brokerage today, fully-funding my Roth IRA for 2008. Even though I have until April of 2009 to fully-fund my Roth, I’ve decided to move in while the market is down and buy some shares of VTI, a total market ETF.
My friend Jim from Blueprint For Financial Prosperity has an excellent article about buying stocks when the market dips. The last few days, the market, as a whole, has been down. Instead of bemoaning the fact that my investments took a hit, I’m going to look at this “dip” as an opportunity to buy.
The money that is being deposited into my Roth IRA will remain there for (at least) 30 years. Obviously, this makes my purchase a long-term investment. Hopefully, the market will bounce back over the course of the next few months, but I’m “in it” for the long-haul.