[Note - this thread was split from the Income Fund thread - to make sure it didn't go further off topic - Sim'] Disclaimer at the top - I'm a Dad investor too! My position in this is I'd never heard of NI until I got into this site. I have managed fund investments in: Australian Unity Property Securities growth. CFS MIF Geared share fund. Ganes Focused Value Fund. Macquarie Small Companies Growth Trust. Multiplex Development and Opportunities Fund. OM-IP 15 seven Ltd. Direct Share investments only in TLSCA IP in regional WA Each investment was entered for a particular reason at the time of the investment. CFS and Macquarie I use as monthly invests of set amounts from spare income. Ganes fund is auto reinvested. Aust Prop and Multiplex are distribution to CMT (as is TLSCA distribution). All spare CMT funds are in Bankwest Telenet Saver @ 6.8%. Currently accumalating funds to invest in Prime Value Imputation Fund. OK - I'm happy to let anybody know why I am in xyz, similarly i'd love to know anyones reasons why abc is better. If there is a compelling investment Then I will consider leverage/ tax effectiveness. No I am not geared into anything currently. Purely philosophical - current return to me doesn't justify additional risk. I know this sounds backwards to what you all say, but, I'm happy taking reasonable returns at relatively low risk.