Start reading and researching. I think for now put your money in an index fund (Vanguard) and keep learning until you feel comfortable putting your money 'into action'. In the long run it takes a significant amount of work to get to a 20% return vs the ~10% in index funds, and the time investment may be better spend in doing other things like poker or maybe running a business. With the exception of index funds, there is really no such thing as passive income. The markets are kinda like poker since most people lose money. But what most don't realize is that it is much easier to make pretty good money in poker, but with a lower ceiling. The converse is true about the market.
For reading, I think subscribing to the Economist is a must. And for books, depends on what you're interested in (eg value investing, trading, real estate). I'm really interested in trading because its kinda mathy and seems very deep (well compared to poker at least). Here is a sick thread about reading recommendations http://forumserver.twoplustwo.com/sh...=0#Post2953485