Buy low, sell high

Whoa, just when I finally got into the market, it's taken roughly a 10% tumble in the last month! I just have to keep reminding myself that I'm investing for the long haul. To keep calm and carry on, you might say, especially if you were into one of those ubiquitous posters.

On the other hand, sparing a dreaded "double-dip" recession the economy could be pulled into, if you are buying low, now would be a good time, right? I'm trying to up my contributions now for just that reason.

How're the rest of you faring the current "market correction"?

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Roth IRAs

(Hi, again blogosphere! Why yes, it has been a looooong time since I've posted!)

Well, I just recently opened a Roth IRA an account to make a contribution before the expiration for the 2009 tax year. I opened my account at Vanguard and opted for one of their retirement target date fund accounts, Vanguard Fund Target Retirement 2050. Why? I guess that's because it seemed like the easiest choice without too much work.

I went with Vanguard over other companies for my Roth IRA because of its non-profit/co-op like status. For a financial services company, I liked the sound of that.

But for future investing, I've heard of good things with TradeKing and investments in ETFs from Vanguard. That's a little over my head yet at this point, but I will be looking to consider that route for future investments.

Any advice out there for newbie investors? What's the PF blog world's experience been?