Investing in the stock market is one of the most effective ways to build long-term wealth, but the right investments are key to maximizing your earnings while limiting risk.

Exchange-traded funds (ETFs) are baskets of securities bundled together into a single investment. Each fund may contain hundreds of stocks, and by investing in just one share of an ETF, you'll instantly own a stake in all of those companies. This can help you build a more diversified portfolio with next to no effort on your part.

Growth ETFs are a subset of these funds that are designed to earn above-average returns over time. All the stocks in this type of ETF have the potential for faster-than-average growth, and theoretically, they should be able to beat the market over time.

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Source Fool.com