With 2023 in the rearview mirror, our sights are set on what 2024 might bring. For investors, this means figuring out how to allocate new savings in the stock market, which continues to rise with each passing week.

What's encouraging is that even a relatively small sum of money can go a long way to getting you on the path to financial freedom. And it doesn't have to be complicated at all, as there are a lot of passive options out there.

If you have $1,000 that you're ready to invest in stocks, it's a smart idea to put it in this index fund.

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Source Fool.com