Confused confused

I have recently cashed out a 80k investment and I went and sat with my advisor as last time I cashed out 50k from a cash investment I spent it on silly things like tv's and motorbikes etc and didn't want to make the same mistake!!

At my fist meeting he was like invest in listed managed funds they looked ok and I had similar experiences in managed funds (that didn't do me to good & I was hoping to cut costs). I went and did the research and the government websites advised against investing here and it just didn't sit right with me.

I went back and told him I disagreed with his strategies so he suggested investing the whole lot in the banks. Oh hang on i had about 5% exposure to an electricity company, On paper this looks ok but I have some concerns. I feel the banks are very expensive so if they got into any trouble I could loose alot, I feel this could be a possibility. It's still not sitting right with me I have read a lot about shares and diversification etc and I feel like I need more.

I am a young fellow and can afford too be exposed too something for the next 50 years if i have too make sure I get my money from a company so I want to be exposed to some small caps as I believe they will develop and be a strong part of my future and offer me the greatest opportunities I acknowledge the risk.

Should of be more trusting and trust the guy I am paying or run with my gut?

I have signed up to Morningstar and the barefoot investor whom all have different ideas but with more information I am confident I want to invest in other shares or do I do as I am told?

I have decided 20% is to go in a safe investment with low return and I do own property all ready so should I just gamble and jump in slowly with the help of the barefoot investor etc?

I have held some shares that have done good n bad things for me.

Nib has continued to produce money for me abc I lost everything I have some industrial shares that have lost lots since my first investment but I have since brought more that has reduced my average share price and are on there way back up and I have exposure to nab that is stable and consistent. My track record is all over the place a little.

One confused jeffery