G'day guys, While I am not new to investing in property, I am new to investing in Shares/Managed funds, in that I have never done so as yet. I have some questions, probably basic, that I would be keen to have some experienced people answer if possible; 1. Several commentators have suggested that property and the sharemarket quite often act as opposites, in that when one side is going up, the other is going down. "If" this is true, would it be correct in "guessing" that I have left it a little late to be looking at shares/mf's considering some property commentators believe some property markets are at the bottom of the cycle (meaning the share market may be getting close to its top)? 2. I would like to get started with an amount of $10,000.00, and have been curious about two different funds. I have signed up with InvestSMART.COM, and I'm interested in CFS Property Securities. I'm not sure about the figures though? It stated that 3month return is 14.43%, 1yr is 39.17%, and 3yr is 27.9%. So this means that if I invested $10K 12 months ago, based on their 1yr return, it would now be worth $13,917.00! I take it the extra money just sits in there and compounding goes to work? (Just on a side note, what would stop someone borrowing $100K @ 7.5% ($7500 interest) and investing this $100K into the above fund @ 39.17% ($39,170 earned) then paying back the bank and walking away with $31,670?) - just sounds a little simple and odd to me that this could happen? 3. A lot of people in here are talking about Steve Navra's investment option, the Blue Chip Retail Fund - 3month is 6.25%, 1yr is 15.93%, and 3yr is 19.45%. This is significantly less than the CFS property fund, does this also mean the risk is significantly less also? (I would have thought that the property fund above would have been fairly safe, being property?) 4. How does it work, in regards to some funds being referred to as "income funds" and others as "growth funds"? Doesn't any money that you earn remain in the fund by default, and you have to manually withdraw some should you require some cash? Basically, I have 40K in a bank account earning me 6% interest, as safe as can be. If the risk is not substancially more, I would like to see what better return I could get. I am fairly conservative at this stage, simply because I am only just learning about this aspect of investing. For this reason, I'd be a little nervous in putting in any more than $10k of this (to start with anyway), as neither of us are working and so this $40k is what we're living off. How safe and reliable are mf's in general, when you see % figures over 1 and 3 years etc? I guess you can't "lose the lot" like shares? Thanks for your help, Andrew.