Noel Whittaker August 15, 2012
Question: I have $970,000 in savings and have just been rolling over 3 monthly term deposits for close to a year now. Now that term deposits are so low is there another safe risk free investment alternative that can earn more than term deposit rates.
Answer: There is a wide range of alternatives, but you will need to seek advice to ensure they are suitable for your goals and your risk profile. These include high yielding shares such as Telstra and the banks, unlisted property syndicates, and hybrids. They all have their individual quirks which is why it's important you understand exactly what you are investing in before you commit your hard earned dollars.