Investing in the stock market is one of the easiest and most effective ways to build life-changing wealth, but choosing the right investments is critical.

Some investments promise to make you rich overnight, but they carry so much risk you're likely to lose more than you gain. Other investments may be extremely low-risk but experience such low returns it's difficult to grow your savings.

While there's no single correct way to invest, and everyone will have different preferences, there's one ETF that can both limit your risk and help maximize your earnings. With enough luck, you may even be able to double your money in 2024.

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Source Fool.com