Just cashed out for 2M. What now?
goat: Staggered CDs and Dollar cost averaging.http://en.wikipedia.org/wiki/Certificate_of_deposithttp://en.wikipedia.org/wiki/Dollar_cost_averagingEventually you want to be diversified, but right now, you don't know if you want to put all your money in the market.So divide your money into 8ths (or whatever, by 8ths right now the US government will insure each $250k in your CDs)put 1/8 into the market now.1/8 into a 1 month CD1/8 into a 2 month CD1/8 into a 3 month CD1/8 into a 6 month CD
....When each CD matures buy more of the market.  That way if we haven't hit bottom, yet, you will still be buying on the way down and up.Unless you are going to spend time studying industries put it all in index funds/etfs.
Your market allocations depend on when you need the money, but I have something like45% Russell 100020% EAFE12% Russell 200010% Morgan Stanley bond index5% REIT index5% Nat Resources/Commodities3% emerging marketsThis should be translatable into Canadian assets, just not by me.