Gail, your comments are exactly what is happening to the stock market right now. Investors are uncertain about the future, so they are being cautious. That may continue for a while until company earnings start showing major gains. But the gains from the week after 9-11 have been pretty spectacular.Fools believe you should be a long term investor. Therefore, the short term swings in the market don't matter. Just keep buying at regular intervals and in the long term you will be very pleased with the results.Expanding your position in S&P 500 Index funds by investing your Ross too in those funds is certainly OK. The S&P is relatively diverse--especially for the long term investor. You could go with a small cap, mid cap or international fund for divsification if you like.Your drip plan sounds like a good one too. I would favor blue chips for that. You can do that in a Roth by having your Roth at a discount broker. Its not quite as inexpensive as most company sponsored drip plans, but it lets you participate in a Roth while reinvesting those dividends.Best of luck to you.
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