I second /u/ptype suggestion of paying down the mortgage. It is a guaranteed return that no other investment can guarantee. We paid off mortgage in 2011 and it

I second /u/ptype suggestion of paying down the mortgage. It is a guaranteed return that no other investment can guarantee. We paid off mortgage in 2011 and it was the best decision we made. After paying off mortgage, we redirected the mortgage payments to other investments while we were working. We lost jobs in late 2013. Not having mortgage payment has been a blessing, no stress of needing to generate cash flow to make mortgage payment. As we no longer has steady paycheck/significant income from work, we have become more conservative with our investments and keep one year worth of expenses in cash and cash-equivalent. We still have a 7% play account that we invest in whatever fancies us typically individual stocks, options, and Peer to Peer Lending. Rest is in ETFs, mutual stock and bond funds (Index based) in combination of Traditional and Roth IRAs and taxable brokerage accounts at Fidelity and Vanguard.