The Cottagers are 10th in the table, nine points above the drop zone with 10 matches remaining, with summer signings Ashkan Dejagah and Dimitar Berbatov combining for their two goals in Saturday’s 2-2 draw away against Sunderland.
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Forward Mladen Petric signed from Hamburg and has netted five league goals despite starting just eight league matches, and Jol believes the majority of his acquisitions have made an impact.
"I got players I know very cheap," he told reporters.
"I saw Ashkan when I was in Germany. He was always talented - the only thing is he needs to be more productive in front of goal because he’s got a great shot and he never shoots.
“Riether was cheap, and Mladen Petric was the cheapest out of the three - he cost nothing.
“But if you go over there and want to buy another Edin Dzeko you would have to pay £25million, that is not what we did.
“We tried to get them on the cheap but they are still good players. I get enormous satisfaction from that. We spent six or seven million and we can sell for a lot of money and we are still as good.”
But while buoyed by the point his side gained at the Stadium of Light on Saturday, Jol insists his battle to secure Fulham's Premier League status is not over yet.
“Deep down I don’t think we will get dragged into relegation, we always try to look up but It is not easy," he admitted. "We still need a couple more wins to be safe.”