As 2023 nears a close, there's likely many tasks you should do before the year ends. However, none are as important as the one I'm about to discuss.

Whether you're a seasoned investor or just dipping your toes in the water, this advice is relevant for everyone. Above anything else, there's one investment you must make to give you confidence and be protected from a downturn in a specific market segment. What is this investment? Read on to find out.

This fabled investment is none other than a basic index fund ETF that tracks the S&P 500, like the Vanguard 500 Index Fund (NYSEMKT: VOO) or the SPDR S&P 500 ETF (NYSEMKT: SPY). Both are low-fee options that allow investors to purchase a broad exposure to the entire market index and not lose much performance to operating expenses.

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Source Fool.com