20 Jun 2019
Interest Rates: Cash is King
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
It is true, cash is King but only in a financial crisis.
Term deposit rates, online saver rates, bonus saver rates are all in the process of collapsing.
The problem, there is no true substitute for cash.
You can certainly switch into fixed interest securities such treasury bills, bonds, notes, hybrids, high yield, credit and more but this will introduce risk and the potential for actual capital loss.
If you need options, please call.
Click for chart.
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