Investing in the stock market can be one of the best financial decisions you make as the long-term returns can be life-changing for individuals looking to achieve their retirement goals.

While getting started as an investor can feel like a daunting challenge, one of the most effective strategies is actually very simple. If you're a beginner looking to invest in stocks, consider starting with this exchange-traded fund (ETF).

Investors new to the markets should consider adding some of their savings to the Vanguard S&P 500 ETF (NYSEMKT: VOO). Like a mutual fund, an ETF pools capital from many investors, then allocates that based on a specific strategy. The difference is that ETFs trade like stocks, adding more liquidity and convenience.

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Source Fool.com