The Money are in and I’m Ready to Go

A big sell-off as the one we witnessed yesterday always presents a buying opportunity, though for long-term investment, one-day drop won’t mean too much. That being said, when you are ready to invest, why buy high and you can buy low?

This morning when I logged in my Firstrade account, I noticed that the fund I transferred from the proceeds of selling CSVFX three days ago is already available. It would be ideal if the fund were there yesterday, but considering the meager gains we have so far this morning (Dow up about 20 points as of now), the difference won’t be significant. After waiting about half an hour to let the initial enthusiasm of a robust rebound on the street settle down, I placed an order of 70 shares of Vanguard Small-Cap Value ETF (VBR) at $71.17 a piece.

On the other hand, my $200 bet on gold yesterday doesn’t seem to be at a good time as gold dropped more than $6 today.