Worried About the Markets? Buy and Hold These 2 Cheap ETFs.

Is a bull market really underway or are the bears just taking a break? It's a glass-half-full or glass-half-empty type of question, and the answer really depends on who you ask and your outlook on the economy. The good news is that even if you're worried about the economy or are just risk-averse, you can still invest in the stock market. The following exchange-traded funds (ETFs) can give you some excellent diversification -- and they pay dividends, too.

The Fidelity MSCI Health Care Index ETF (NYSEMKT: FHLC) tracks the top U.S. healthcare stocks. It is a passively managed fund, which means that there isn't a lot of trading within the fund, which keeps your fees low. At 0.08%, the fund has a low expense ratio that would cost you just $8 a year for every $10,000 that you invest in the fund.

In total, there are over 430 stocks within the fund with UnitedHealth Group, Johnson Johnson, and Eli Lilly rounding out the top three. Combined, those three stocks account for just under 22% of the fund's total holdings. The top 10 stocks in the fund represent 47% of all the ETF's total holdings. While that might not seem like a lot of diversification, by anchoring itself with some high-quality healthcare stocks with strong underlying financials, the ETF has some great pillars that provide it with stability.

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Source Fool.com