Show me the money for small business. How to most successfully build a decent retirement income. Simply put, diversification reduces the volatility of your portfolio. Successful investors realize they can't predict the stock market. They put their money to work on a long-term basis, no matter what the market is doing, because they know in the long run it's not when you invest, but that you simply do invest.
Mutual funds are outstanding investment vehicles.
They give you access to professional management, help diversify your portfolio, and provide liquidity. U.S. stock index funds enable you to match the performance of the U.S. market. Paying only the minimum monthly payment of your credit card bill will swing you off the road to retirement. Successful planners never pay interest on their credit card debt. The house always wins.