Where abouts is this land? And unfortunately there's not much you can really do. Mutual Funds aren't the best of investments as over a long period of time, they have a very low average growth. Best you can really do is start saving into RSPs and use your tax free savings account. If the economy moves up, which it won't, you can invest in GICs as you can't lose money on them and they're interest rates are locked and depending which ones you grab, progress higher throughout the years. For now just stick with tax free savings and RSPs. Sit on your land as it'll be worth more money in about 20 years, though if that land is near Toronto real estate is skyrocketing so that land will be worth money if it's within 30 kilometers of the city limits.
