What to do with $50,000 now
Given the uncertain economic picture, you probably have a chunk of change squirreled away. Here's how to best use that cash.
Build an all-weather portfolio
Anchor it with Vanguard Wellington (VWELX), a sturdy balanced fund that has been around since 1929. With its mix of 65% large-cap stocks and 35% high-quality bonds, Wellington has survived the Great Depression and subsequent bear markets yet has also delivered during rallies. Its annualized return since inception: 8%. As your portfolio grows, you can keep this fund and simply diversify around it_ perhaps adding foreign stock and small-cap funds, for example.
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Last updated October 18 2010: 12:00 PM ET
