Are you in your 40s, 50s, or 60s, and just now starting to invest? If you're coming to the investing party a bit late, you can give yourself a chance to make up for some of the time you lost by focusing your portfolio on growth stocks. These carry a bit more risk, especially if there's a recession, but you can end up with better gains in the long run than if your investments just try to mirror the S&P 500.

One way to find a good balance between investing in growth stocks and not taking on too much risk is by using an exchange-traded fund (ETF). ETFs take much of the hassle out of investing, as they spare you the work of researching and picking individual companies, but give you exposure to broad groups of specific types of stocks.

One in particular ETF has been an unusually strong performer in recent years.

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Source Fool.com