Got $1,000 to Invest? Buy This Hot Vanguard ETF.

If you have extra cash -- say $1,000 -- that you want to put to work in the stock market, you might want to consider exchange-traded funds (ETFs). ETFs deliver exposure to many stocks with a single purchase, making them ideal for beginner investors or for anyone seeking increased diversification.

ETFs offer a great option for those who don't have an individual stock in mind for potential purchase but still want to invest. They also offer a great option for those who might want exposure to a particular investing style like growth stocks or dividend income but aren't sure where to start. ETFs are ideally suited to meet these challenges.

There's even an ETF that can help you achieve the total return of the broader stock market with your single $1,000 investment. The Vanguard Total Stock Market ETF (NYSEMKT: VTI) meets that goal well, making it an excellent go-to option for your extra cash.

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Source Fool.com