Most people will discover that their investment objectives change throughout their lives. Capital appreciation may be more important for the young investor, but once they enter their golden years, that same investor may place a greater emphasis on income. Whatever your objective, knowing what investment options are out there is the first step.
As most successful investors may tell you, diversification is king. Having a diversified portfolio doesn’t necessarily mean just buying more than one stock. Here are some common examples:
Closed-end Funds (CEFs)
Exchange traded Funds (ETFs)
Real Estate Investment Trusts (REITs)
Certificate of Deposit (CDs)
Unit Investment Trusts (UITs)