Picking individual stocks can be challenging for investors. And given that the S&P 500 plunged 19% in 2022, it wouldn't be surprising if many investors just opted to stay out of the stock market entirely this year. But by doing so, you could end up missing the inevitable rally. It's inevitable because the economy is likely to rebound, and throughout history, after every market crash or bad year, there's always been a recovery.

The big question mark is when it happens. But rather than attempting to guess when and time the market, you're better off just taking a safer approach this year, and here's how you can do so.

Exchange-traded funds (ETFs) provide investors with a great way to diversify. You don't have to have a position in every stock and you can select which types of sectors and industries you want to focus on.

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Source Fool.com