Investing in exchange-traded funds (ETFs) is one of the most effective ways to generate wealth in the stock market with minimal effort.

ETFs can provide instant diversification because many contain hundreds of stocks within a single investment -- saving you countless hours of research compared to buying individual stocks. Greater diversification can also limit your risk, adding more variety to your portfolio to protect against market volatility.

Industry-specific ETFs, in particular, can help supercharge your earnings. An ETF that tracks a particular market sector can make gaining exposure to that industry easier without all the research involved in investing in individual stocks.

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Source Fool.com