What to do with $10,000

$10,000 is enough money to fortify your investments, protect and improve your home and to help others. Here are some things you can do with $10K that could pay off handsomely later.

Bet on pros who can handle a bear market
Bet on pros who can handle a bear market
When the S&P hits the skids, the last person you want managing your money is some newly-minted MBA. So make sure you own funds led by managers who have not only delivered solid long-term returns but also lost less than most of their peers during down cycles.

Richard Aster, Meridian Growth (MERDX)
Start date: 1984
Focus: Midcap stocks
10-year return: 9.2%
Top 5% of category
Expense ratio: 0.81%
2008 loss: -30.4%; top 2% of peers

Charles Royce, Royce Pennsylvania Mutual (PENNX)
Start date: 1972
Focus: Small-cap stocks
10-year return: 9.02%
Top 14% of category
Expense ratio: 0.9%
2008 loss: -34.87%; top 41% of peers

Brian Rogers, T. Rowe Price Equity Income (PRFDX)
Start date: 1985
Focus: Large value stocks
10-year return: 4.4%
Top 28% of category
Expense ratio: 0.68%
2008 loss: -35.8%; top 39% of peers

Notes: 10-year annualized returns as of Sept. 22.
Source: Morningstar
By Carolyn Bigda, Beth Braverman, Veronica Crews, Ismat Sarah Mangla, Peter Valdes-Dapena and Penelope Wang - Last updated October 18 2011: 5:42 PM ET
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What to do with $1,000 now

When stocks are scary and bank account yields paltry, parking your money under the mattress might seem like the only sensible move. Not the case. What follows are some good ideas for places to put a cash stash.

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