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Unless you plan to strike it rich, by lottery drawing or otherwise, you need to plan for your future by investing your money and making smart decisions about those investments. One of the best things that you can do for yourself along these lines is to really diversify in terms of the different types of investment vehicles that you utilize.
How to Diversify Your Investments
The first thing that you should do is to do a little research on the different types of investments that exist out there. For example, annuities are investments that allow you to make periodic payments that you can accrue interest on. Regular CD accounts only allow you to make a single payment into the account, but the account continues to earn interest for a lengthy period of time.
There are many other types of investments for you to consider as well depending on how much risk you are willing to assume and how much of a reward you generally want. Investing in stocks and mutual funds can offer a much greater return in general, but the trade off is that there is risk involved and you could lose money just as easily as you gain it. Annuities, CDs and related investment vehicles are not risky, but their interest potential is much smaller as a result.
The best thing that you can do is simply to explore all of the options that are available to you, and then invest in a few different options for the most well rounded results.