What to do with $10,000 now
Given the uncertain economic picture, you probably have a chunk of change squirreled away. Here's how to best use that cash.
Play a hunch
Maybe you have your investment bases covered and are itching to bet on a promising market niche. That's fine -- but to limit risk, keep your gamble to no more than 5% of your total holdings, or $10,000 for each $200,000 in your portfolio.
Here's how you might play three hunches.
1. Think Asian economies will outpace everyone else?
ETF: iShares S&P Asia 50 Index (AIA)
Expense ratio: 0.52%
Top holdings: Samsung Electronics, China Mobile, Taiwan Semiconductor
2. Think people will demand more tech gadgets, no matter what?
ETF: iShares S&P North American Technology-Software Index (IGV)
Expense ratio: 0.48%
Top holdings: Adobe Systems, Oracle, Microsoft
3. Think Wall Street will rebound?
ETF: iShares Dow Jones U.S. Financial Services (IYG) Expense ratio: 0.48%
Top holdings: J.P. Morgan Chase, Bank of America, Wells Fargo
NEXT: Bribe your boomerang child
Last updated October 18 2010: 11:56 AM ET
