10k is my current savings
If $10K is your current savings then your best bet is to continue saving and not worry so much about looking for someplace to "invest". Your first investment should be paying off your credit cards and keeping them paid off each month for the rest of your life. Your second investment is saving enough cash to be able to write a check for the next and all ensuing cars you buy for you, your wife and your children, if any. If you have a house then the third thing you should do is pay it off early. Finally you need to have a nest egg of liquid assets saved for a rainy day. Once you have all these things then you can worry about looking for someplace to "invest".
Of course everything is relative and dependent on your age and expenses but from a personal perspective I wouldn't feel comfortable with less than $100K liquid cash in this current economic environment. The best you'll get today on your liquid assets is about a percent and a half but so be it. You need to be able to afford being unemployed for at least a year these days. For any spare cash laying around over and above all this then feel free to invest, but be sure of your ROI. That's return *of* investment, far more important than, return *on* investment.
