Have $1,000 to Invest? Put It In This Index Fund

So you have $1,000 to invest. New to the stock market? We've all been there, and it can be an overwhelming place for the uninitiated. Heck, it can be an overwhelming place for the initiated, too.

So where should you put your $1,000? Two words: index funds.

There's very little reason here to get creative. Having a traditional index fund that tracks the broader market is a good way to hedge your bets, while gaining investment exposure to some of the most popular stocks. To me, the iShares Core S 500 ETF (NYSEMKT: IVV) fits the bill. The concept here is simple. The fund seeks to track the performance of the S 500 index, something that all investors should do to at least some degree. We all like to think we're stock-savvy market beaters. The fact is that it is incredibly difficult to beat the market on an annual basis.

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Source Fool.com