Ok, first timer here. I have 50K in equity available to invest. I already have two crappy houses (negitive!) and I want some positive cash. I know jack about shares. I saw in a magizine a managed fund getting 40%pa! Plus distributions of 19%. Is this possibly true? It's a geared aussie share fund. I want to 'buy and hold'. Should I take the plunge or what? Sounds too good to be true! Help! (please). I really don't want to do my own trading yet, hence the managed fund idea. (I always thought they were supposed to be a rip off, with all the profits going to the fund managers) Thanks in advance.