No one will answer this question because its illegal to give Financial advice in this country unless you have AFSL (Australian Financial Service Licence)
It's probably the wrong header.
If newtrader had chosen "What would YOU do?", we could easily offer him some "food for thought" and let him make up his own mind. And taking the question that way, I'm happy to offer an opinion.
If I were 31 and had two houses and $80K in a managed fund, I would -
sit down and take serious stock about my aims in life:
Do I want to keep working? If so, for how long?
Do I want to take time off work and enjoy life? Maybe spend a little more on travel? Education?
Depending on the outcome of that "stocktaking", it would become much easier to answer questions like -
Do I want to pay others (fund managers) for managing my money? Whose interest do THEY put first?
Do I want to manage (my own) rental properties or commercial real estate? Or can I buy a share of a Property Manager and let them pay me dividend/ distribution?
What impact does tax legislation have on my decisions? I would prepare a list of very specific questions to either research myself, or present to a Tax Accountant for professional advice. (Ask business friends/ associates for personal recommendations which tax accountant to choose.)
Does my main job (as business owner) leave me sufficient spare time to upskill myself, learning which shares to buy when to sell, and how to use other instruments to my advantage?
IMHO and from experience, it will take about 10,000 man-hours of focused studying to become a successful trader, who can rely on more than sheer luck to consistently increase one's "net worth"; that term to be understood in purely financial terms.
A grounding in Maths, Statistics, Accounting,... will be a bonus and possibly reduce the required time a little.
All of the above is simply my opinion, what I would do if I were 31 again, but knew what I've learned in more than twice as many years. Not to be taken as advice.
