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I recently purchased an Olympus LS-10 and I was wondering what external microphones since it does not have phantom power. My main purpose is recording foley, and field recording, but the internal mics on the device pick up a bit of handling noise if I'm not super careful. Should I return this recorder, or is there hope? Haha. Any help is appreciated.

Hi

LS10 internal mics are good but, as you have noticed, the recorder can't be held in your hands while recording because even the smallest movement of your fingers will ruin everyting. Instead, get any small cheap camera tripod which, attached to the recorder, will act as a handle
Alternatively, plug external mics. The mic-in socket provides enough juice (3.5V) to operate most lapel capsules

D

Thanks for all your help guys. Do you think a Rode NTG-2 would be a good choice if I'm on a $200-300 budget?

I thought i'd add my 2 cents in here.

The Rode NTG-2 is an awesome microphone, i own one and can't think of a better microphone for that price!
Or im pretty sure Rode's sale might still be on, where you buy an NTG-3 and get a Rode Blimp system for 1 dollar, worth checking out.

Haha I wish I could afford the Rode NTG-3 cause that's an awesome deal!

bear in mind the NT4 is not so weatherproof as the NTG-3 and the NTG-2 is perhaps more useful for mounting on video cameras.