What will I lose by making a new Apple ID?

As of right now, I use my dad's apple id, and do not use iCloud. I want to upgrade my MacBook pro to mountain lion, and star using iCloud, but I don't want all of my information and my dad's information being synced together. To make sure that doesn't happen, I'm assuming I would need to make a new apple id. If I were to make a new apple id, what would I lose on my Mac and iPhone? By this, I mean would I lose my contacts from my iPhone, my music, my apps, etc.?
Thanks

To begin with, I would like to try to explain Apple's confusing nomenclature in regard to iCloud.
Apple have called the whole cloud thing iCloud, there are a number of features under the iCloud umbrella, some of which require their own login. iTunes is one of these, another is what Apple have unfortunately also called iCloud too.
You can use the same Apple ID (account) to login to both iCloud and iTunes, but you don't need to and often users will login to each service using a different ID.
The part that you need to remember is that the services available when you log into iCloud are completely different and unrelated to those when you log in to iTunes. Your iCloud login enables mail, contacts, calendars, find my phone, Back to My Mac, Documents & Data sharing and photostream, it does not affect any of your iTunes services.
To avoid confusion when discussing your problem, when I mention iCloud, I am referring to the services under the iCloud login, Whereas I will refer to the whole cloud thing as The Cloud.
You could therefore keep access to your apps and your music by continuing to use your dad's ID for iTunes/App Store, but create your own ID for mail, contacts calendars etc.
When you log out of your dad's account for iCloud, you should be given the opportunity to keep data in contacts etc on your device, which you can then merge with your new iCloud account when you log in.
If at anytime anything goes wrong, you can still log into your dad's iCloud account as a secondary account and access all the data which can be copied to your new iCloud account manually.

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