The Best Growth ETF to Invest $1,000 in Right Now

Are you looking to capitalize on the stock market's recent setback but don't know which stocks to buy? Don't make it complicated. Just buy an entire basket of them, in the form of an exchange-traded fund, or ETF. You'll likely be better off in the long run with this broad-based approach anyway, since picking individual stocks is simply tough to do well for very long.

Growth-seeking investors with $1,000 (or any other amount of money) in available cash they can commit to a long-term trade should consider scooping up a stake in the iShares S&P 500 Growth ETF (NYSEMKT: IVW) over any other alternative. Here's why.

Don't panic if you already own a seemingly similar ETF like the iShares Russell 1000 Growth ETF (NYSEMKT: IWF) or the Vanguard Growth ETF (NYSEMKT: VUG). You're far from doomed. All three of these exchange-traded funds move together, and more or less by the same amount day by day.

Continue reading