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Author: Colovion Big funky green star, 20000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 734711  
Subject: Re: I think the Obama Cliff will be ok Date: 11/9/2012 9:52 AM
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Wish I knew more about the stock market. If the drama causes dips, I don't know if the dip is sufficient enough to enter the market.

I'm just fine with this mass market sell-off. Due to a quirk of timing this month I get three paychecks and all three paychecks have one football game's worth of OT on them. In other words this month will be the one where I'll earn the most money I ever have in my entire life. Due to merit increases each year my base pay is worth more than the last, so while there have been years where I've earned less than the year before due to less OT this will be a banner month!

What does that have to do with the market sell-off? My 403(b) (with $2-for-$1 matching funds) is entirely invested in an S&P 500 index fund. So there's a firesale on the S&P 500 at the very moment I'll be investing the most money I ever have into it in any given month. Granted it could keep going down, but I'm fine with that too (I can't even think about touching any of that 403(b) money for nearly three decades!)

It can keep dropping for the next 20 years for all I care. I'll just keep buying it on the way down. Either it will go up eventually or civilization will crap out and it won't matter anyway (though I doubt the latter will happen, not entirely at least... just don't buy any Detroit muni bonds!)
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