Thanks guys....
Exact is KING, remember that.
Phrase gives you an opportunity to serve your ads to people that type more than you have under your exact matches. You still have the control over what is inside those phrases. Combining this with “search query report” you may get across a lot of interesting findings (keywords). Those findings will help you:
to enter converting keywords as both exact and phrase matches and continue your discovery
to enter negatives so your ads DO NOT show on unwanted queries
Once you become comfortable with your campaign, you may want to introduce broad match and watch it closely.
Also, be sure to check your campaign settings and see if content is turned ON. Do you want that? Keep in mind that content DOES NOT affect your CTR although it is being shown as part of it. The system will watch Google Search only, not even partners, when it’s about performance of your campaign.
In some cases people are comfortable with any match, bunch of keywords, but only in cases when clicks are dirt cheap, which would not apply to you I guess.
One more thing: Whenever you use different keyword matching, divide exact from phrase, and those from broad. For example, if you have one keyword that you want in all three variations, create three ad groups with same (or different) ad text. Easier tracking and better performance, that is what you will have.
;)