Exchange-traded funds (ETFs) can be fantastic investments for many people, especially those looking for a simple, no-hassle option.

An ETF is a basket of securities bundled together into a single investment. When you invest in one, you're actually investing in dozens, hundreds, or even thousands of stocks at once. This not only makes building a diversified portfolio a breeze, but it also helps take the guesswork out of what to buy.

Not all ETFs are created equal, however, and some are better investments than others. These three would be great additions to most portfolios as we head into 2024.

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Source Fool.com