Good cash rate!

by Mike
(Australia)

I invest in Australia and Asia. With the markets going up and down it has been time to take some profits and invest in cash where in Australia at the moment you can get 7% on cash (at call).

So, now is a good time to park funds in cash and pick up resources and investment banks as a bit more stability returns to oversold global markets.

Also, it is a good time to be spending some profits on holidays where US $ is king and take advantage of the weak US $. Why not? Enjoy it whilst you can.