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No. of Recommendations: 10
bianchilvr,

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,

exilion
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