a decent chunk in several funds like that one that pay quarterly for current cash flow. And spread a decent chunk in something like a good basket of dividend paying stocks, and a chunk in a good basket of stocks with good potential to appreciate and maybe some in some direct venture investing. But that's me.

Right now that's basically what I am doing. I do a bunch of direct venture investing, have a bunch with various real estate funds like All Pro (but the 10% floating fund has been really nice lately so it's top of mind for me), have a bunch in lower risk public equities, and a bunch in public equities with some chance of good long-term appreciation.