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R S.
R S.
Broadway, NSW
6 Likes
0 Followers

Where is the best place to keep my cash if I don't want to invest it? Is it worth moving it around to higher interest accounts regularly?

8 years ago

Responses

This is a tough topic to discuss because according to legislation this would fall under the financial advice realm.

As an adviser the 1 question (amongst many others) I would ask is what is your timeframe?

There is no simple answer or solution to your question but there are a number of things one has to factor in before deciding on the right route for yourself.

I would encourage you to chat to an adviser about this as I would assume this would tie in with something that you want to achieve?

Hi, I'm not licensed to give you advise on this so I won't, however I will ask you a question instead.

A quick point first. High interest accounts are still effectively an investment as the deposit taker invests your money.. hence the return. The differing factor is the level of risk associated with this as opposed to something seen as a more traditional investment vehicle. My question is have you discussed with a financial planner your risk tolerance?

Regards Ariel

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