Dollar-Cost-Averaging (DCA) works well for your RRSP contributions. It is a method used by investors purchasing mutual funds (which can be included in your RRSP) over fixed periodic intervals such as bi-weekly, semi-monthly, monthly, or quarterly. The same dollar amount is invested on the same date in each of these repeated cycles (for example, on May 1 and 15, June 1 and 15, July 1 and 15; and so on). This takes the worry out of trying to assess the best time to get into the market and takes little discipline to invest systematically through any rising market, or declining market. You also have the expertise of the fund's management team to govern your investment. This wealth-building tactic relies on a long-term approach, while you consistently make that recurring "averaging" investment. As you build an equity portfolio using dollar cost averaging, any dividends are automatically reinvested.