hiiiii,
I am just a student but i have few ideas and suggesations for u....you are 48 now...and i think u should start investing in some of the retirement plans...and u could also try for Mutual Funds... don't invest in long term plans...opt for some small term plans...the best thing could be consulting with some investment marketting personnel...he could suggest u with the new oppurchunities which you may be unaware off.