I have been a hard working person in the Las Vegas Casino Industry for almost 30 years. Dating back to the days when the "Boys" ran the gambling halls(casinos). Those were the good old days when money flowed like water. I started proper investing at the ripe old age of 35 & have been doing it now for 30 years. Picking individual stocks that paid good dividends so I could & did reinvest those dividends. I wasn't that smart early on and did make some mistakes with my choice of stocks. Knowing that I had many years to build my retirement fund, I accepted the losses & moved forward. I now have a good retirement portfolio with a value in the high 6 figure range. More importantly to me was the amount of total annual dividends on these stocks which by the end of 2015 will reach the mid 5 figure range almost $50k To me the most important key in investing is "DISCIPLINE". Treating your regular investment payment as a monthly bill that must be paid every month. I still remember & preach this statement that was given to me by a very wise old man more the 40 years ago, "When you receive your paycheck, always 'Pay Yourself First' before everyone else gets their share." Remember to do this & you will never be broke. I still tell this to people even today even though it does not apply to me anylonger since I am now retired early at a very comfortable age of 60 and living off my dividends & Social Security Disability checks since I have a terrible illness called "leukemia". Remember one last thing. Never invest in Mutual funds! Don't let someone else control your investments. They will always look out for themselves first & you second. LEARN how to invest in individual stocks that pay a dividend.