Got $1,000? Here's How to Buy the Dip Right Now

Most high-flying growth stocks have been on a painful descent over the past three months, and the correction has intensified lately. If you're fortunate enough to have money on the sidelines -- even as little as $1,000 -- this could be an opportunistic time to pick up great companies at great prices.

I'm never running low on stock ideas, but I'm also a fan of exchange-traded funds (ETFs) to diversify immediately into a basket of stocks with a single transaction. With so many brokers offering commission-free trading these days, there are plenty of ways to get more bang for your investing buck. Let's go over some ETF and stock ideas where your $1,000 can go to work right away in taking advantage of the market dip.

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