It depends on her view of risk. There is money to be made playing the markets at the moment, just split the money and apportion amounts into areas of lesser or higher risk as meets her risk position.
Bricks and mortar is always sensible but its really a mid to long term view with property these days - and that's just from equity. Rental is a bit hit and miss, once expenses/costs are considered, there's often little monthly return. A good investment vehicle though, if monthly income is a secondary consideration and long time investment is the major factor (inheritance!!!!!).
Tim
[Edited on 4-12-2004 by Rattler]