Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

How can I diversify $7k across ETFs and stocks?
An index fund is inherently diversified across its index -- no one stock will either make or break the results. In that case it's a matter of picking the index(es) you want to put the money into. ETFs do permit smaller initial purchases, which would let you do a reasonable mix of sectors. (That seems to be the one advantage of ETFs over traditional funds...?)