YYC, welcome to the forum if you haven't been welcomed already.
As others have noted, I think you are in a good position financially and with enough years left to really make something of your current assets. I don't think you'll find a lot of specific recommendations on what you should do here.
Rather than the sort of specific advice that you probably seek, I think it is also worth noting before doing anything that a good investment strategy is based on facts and statistics interpreted with common sense. An investor needs to determine accurately what her financial needs are or will be, have realistic goals, and carefully consider how to manage the risk / reward factors of any particular investment at any particular time of her life. You need a strategy that is long term and consistent that does not rely on short term events as its core rationale. If you are looking for stock tips or get rich quick schemes, you won't find much on FWR, although if you read the right the posters, you'll get rich slowly!
I assume you haven't tried anything above the retail banking level with your cash. If so, I think it is also worth noting the less obvious point that a good investment strategy needs to fit one’s psychological and emotional profile. If you venture into bonds and stocks, there WILL be another market crash. You need to be prepared for loss and to know what you will do in such a situation. Choose investments that let you sleep at night!
That said, two investment strategies that have worked well for me have been:
1. dollar cost averaging into diversified portfolios of mutual funds
2. dividend investing
Up thread comments :
Take your time.
Read Shakespeare's Primer
Read a lot otherwise
Dividend investing is a fad.
Brian, I think you've got it backwards. Companies that don't pay dividends are the fad.
LORILLARD - started paying dividends in 1760 - Consumer Goods
BANK OF NY ? started paying dividends in 1784 - Bank
CIGNA - started paying dividends in 1792 - Insurance
WASHINGTON TRUST - started paying dividends in 1800 - Community Bank
DUPONT - started paying dividends in 1802 - Industrial Diversified
COLGATE-PALMOLIVE - started paying dividends in 1806 - Consumer Goods
JOHN WILEY & SONS - started paying dividends in 1807 - Publishing
HARTFORD GROUP - started paying dividends in 1810 - Insurance
CITIGROUP - started paying dividends in 1812 - Bank
YORK WATER - started paying dividends in 1816 - Utility
Practice self-criticism and learn from your mistakes
Make your plan and stick with it.
Think long term.