One of the main problems you face in dealing with sound financial conditions is credit card debts. Due to the convenience of handling credit cards, we often have the habit of using it everywhere we want it without considering that it is with real money that we are working. You should always consider that we are using money for shopping whenever we use credit cards and that we have to pay the balance off later. So careful handling is essential to avoid a credit card debt. Never pay more than that is in your hand even when you have credit cards with you.
You might find it difficult to make a selection between a diversified and concentrated portfolio when selecting the category of fund you are looking for.
A diversified port folio will help you to have your investment spread across various segments and sectors of the market. Even if one or more of the stocks are not performing well, your portfolio will not be affected too badly on the whole. So this will be better for those who are looking for steady benefits.
You will lose a large portion of your portfolio when you are facing a market down time in a concentrated portfolio.