Skip to main content
No. of Recommendations: 10

Actually, I have an ancient Chinese Secret, a crystal ball, and often use my time machine to take advantage of price dips using hindsight as a perfect guide.

In all seriousness though, I do DCA with those DRiPs that I have auto investment through. If your DRiPs have this option or if you have another method to duplicate the same auto effect, i.e. free "bill payment" through an online service; and you are comfortable setting aside at least a portion per month, you won't be sorry. You could invest the portion not allocated to automatic investments to take advantage of what you perceive to be the best "bargain" of the DRiPs and send the balance to that plan or split it between more than one.

You mention going with the gut feeling. This is the emotional side of the psychology of investing. Know yourself and know what you know. When you act based on something you don't know and the decision comes back to burn you... learn from it. If something you don't know or understand works out... consider yourself fortunate and lucky. This has been the most effective "gut" tool I have ever been able utilize.

Just my thoughts of course,

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.