A friend of mine , who is planning to emigrate to Canada in a few years asked me today what the best way was to invest around 100,000 Dollars in Canada. They already have a house here that's paid for. Since I haven't been very lucky with my investments, I don't consider myself a good advisor in this matter.

So here I am asking the more fortunate amongst you, what you would do with the money in the medium/long term (other than suggestions like "spend it" )

stuff your matress

Buy a rental property. Should be able to get a duplex for $100k or so in Atlantic Canada.

It doesn't take that much work to rent it out and you ought to be able to get an annual return after expenses of over $7000, perhaps as much as $9000 depending on which province and how much extra property tax has to be paid.

It's what I did and I had no rental experience at all.