Thanks, dear JoyMarsha, I did not get any mention of the OP's quotation due to the wrong use of quote tags, but got a mention notification due to your noticing. Thanks for that.

And dear Kalihunter, if that's the case then you should definitely do a lump sum with the current $1500 you have now, and with your monthly earnings savings, you can do DCA. But I will suggest you not go all in once with your $1500 I know that's what Lump sum means but in my opinion, the market might make some corrections so it would be best to take advantage of that otherwise if your intentions are to hold for longer period of time then it does not matter that much that if you buy now by lump sum or not because after 1 year you will be making profit and that's for sure but please DYOR (do your own research).