Spread Your Bets in ETFs

Newfangled exchange-traded funds are hitting the market. But you may want to stick with a handful of simple, smart standbys for a diversified portfolio

It's a confusing time for investors. Wall Street has been twisting and turning, with the Dow Jones industrial average hitting a six-year high as recently as May 10, only to tumble 8% through June 13. Since then, the blue chip average has stubbornly rebounded 3.5%. Bulls and bears come and go, but exchanged-traded funds (ETFs) can provide a smart path to long-term diversification for buy-and-hold investors.

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