For steady income take a look at the Dividend Growth Investing discussion board. They publish a list of Dividend Champions.http://boards.fool.com/updated-dividend-champions-30951931.a...With interest rates so low, finding good sources of investment income just now can be challenging. Dividend paying stocks could be a good thing to consider. Most are fairly conservative equities.As for your equity investments, most people begin with an S&P 500 Index fund such as Vanguard's 500 Index Fund (ticker VFINX) or some prefer a total market index fund such as VTI. A diversified portfolio of mutual funds might include an international fund, a hot sector fund, a growth fund, and a REIT fund. As you gain experience you may want to add individual stocks. Blue chips and large cap stocks are probably best as a core holding, but most portfolios can benefit from a reasonable selection of more speculative, high PE stocks.Ideas can come from many places, but the CAPs portfolios of others can be an excellent source of good ideas.