This strategy is a combination of dollar cost averaging, and momentum investing. Having invested in the stock market using both these strategies, I can attest that it is very unlikely to become a millionaire using these strategies. I dollar cost averaged in about 20 DRIPS (dividend reinvestment plans) and momentum invested in several mutual funds. The funds were much more fun to watch, but the DRIPS had the better returns. The problem becomes, being in the ones that actually have the great moves.