Hi To All, Long time reader, first time poster! Had an assignment/discussion through a course I was doing in finance/financial planning on how to best invest $5 Million cash in todays economy (stocks, bonds, cash, RE, and so on) You are still working your current 9-5 job and have no debt elsewhere. The one rule was the portfolio could not be negatively geared. (zero was ok) So thought I'd change the question a little and relate it to property as it was an interesting topic and brought upon many different opinions (obviously each individuals risk tolerance gave many different views) 5 Million cash to inv in property. You can only spend it on property/RE. What do you do? Buy all your properties outright in cash, and sit on the yield…..gear it heavily positive? Less stress? Good income. Pay Tax...... No Loans! Buy a bigger portfolio with the help of the banks at say a 50% LVR and be geared in the positive an acceptable amount? A safer level of stress? More bang for buck? Go super aggressive with the help of the banks to say 60-75% LVR and be close to zero as possible? STRESS! Swing for the fences..... What would you do?