When you start investing, it is very tempting to throw money at the hottest craze, like meme stocks or cryptocurrencies. But the get-rich-quick feeling that generally leads to such moves can also lead you into risky investments and potentially painful losses of capital.

A better approach is to build a solid foundation of reliable dividend-paying stocks, like real estate investment trusts (REITs) W.P. Carey (NYSE: WPC), Federal Realty Investment Trust (NYSE: FRT), and UDR (NYSE: UDR).

You'll make the most money if you put every penny you own into a single winning stock. But there's really no way to know which stocks will be winners or losers, which is why a strong investment approach involves diversification.

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Source Fool.com