Cash - Where to put it?

[nunthewiser]

LOL i tell you what .i,d much rather be sitting on cash than warren buffets current losses from entrys recently

lol blessim

 

[nunthewiser]

ps.NOT denying cash at present is a pretty crud long term investment , was merely pointing out that cash is showing a much better return than his recent publicised entrys

 

[Trevor_S]

LOL i tell you what .i,d much rather be sitting on cash than warren buffets current losses from entrys recently

lol blessim

riiiiiight... I can say one thing for certain, I would much rather have Warren Buffets assets then your cash.

ps.NOT denying cash at present is a pretty crud long term investment , was merely pointing out that cash is showing a much better return than his recent publicised entrys

riiiight.. lets come back in in 10 years and see how it's going with the cash investments vs his choices ?

 

[nunthewiser]

riiiiiight... I can say one thing for certain, I would much rather have Warren Buffets assets then your cash.




riiiight.. lets come back in in 10 years and see how it's going with the cash investments vs his choices ?

um. Dear trevo...... my comments are based ON that article u posted AND are nothing to do with how big his or my wang is . ALSO darl my comments RELATE to the present

now please dear , just because i have dissed your idols CURRENT losses when comparing to CURRENT cash rates , there is no need to get upset

merely pointing out that cash IS WAY outperforming his LATEST publicised investments

avaniceday

 

[sinner]

Looks as solid as a rock, have you got money in there ?

Not sure if you are you being sarcastic?

I have no cash in there, my strategy is a 1-1.5% gain on total capital monthly, i.e. 12-18% compounded yearly and I do this by splitting my capital into 0/low growth (gold, safety deposit boxes and buried in the backyard type deal), low growth (term deposits and standard cash in the bank) and high growth (stock and FX trading which have their own strategies).

Not sure about the FX arbitrage thing, but it makes sense I guess prawn_86. I remember reading an article about how Sth Africas inflation rate was being pushed up by ZAR/JPY carry traders but that was before the crunch when USD was trending down nicely against all currencies.

Still a bit groggy from last night so would appreciate some input from anyone who thinks this is or isnt possible (send a few 1000 lots to places like Turkey and Sth Africa, gain their interest and bank the profits in USD or gold).

 

[Bill M]

I have a couple of term deposits rolling over next month and was wondering what other people are currently doing with their cash as the RBA is tipped to cut another 1% next week, bank interest is not very flash ?

I just took out a UBank Term deposit for 5.61% 3 Months. Next time I might not do that. An index fund like STW paying 10% looks pretty good right now, might go there next time.

 

[Julia]

Yes, I'm quite interested to see the market sentiment after this current reporting period, the yield and franking credits on some of the blue chips are starting to look very attractive when compared to bank interest.

That's all very fine, but are the yield and franking credits going to outweigh any further likely loss in capital value?
No one knows, but I'd certainly not be surprised if the banks encounter considerably more bad debts/write-offs.
And even with the banks, reduced dividends are not impossible.

 

[Julia]

Ask him for $5k see how you go.
Dont even think about it. He calls you ? ask for his number so you can call him back then give it to the fed police, then get your number changed.

Completely agree. Don't touch it.

 

[Bill M]

That's all very fine, but are the yield and franking credits going to outweigh any further likely loss in capital value?
No one knows, but I'd certainly not be surprised if the banks encounter considerably more bad debts/write-offs.
And even with the banks, reduced dividends are not impossible.

Yes that's right but even at half the current dividends it outperforms cash. Look at WES for example, they gave guidance of a probable 50% cut in dividends. At the subscription price of $13.70 for the rights issue it's still a divi of 7% fully franked, not bad if you can get it.

 

[grace]

Negotiated 5.7% for 4 months (two weeks ago)
Negotiated 5.25% for 7 months (last week)

Got a thankyou card from one bank, hand written for reinvesting funds. That made me laugh.

For new accounts, one could do better though.

 

[Gundini]

These guys offer 5.85% if you are game!

http://www.arabbank.com.au/a-personal-loan/231

 

[arco]

Comparisons here.

http://www.interest.com.au/Investing/Term Deposits/index.htm

 

[Sean K]

The PM hasn't arrived, can you send it again Kennas, thanks.

Must be a problem with the PM system. Have sent you my email address. Send me an email and then we can start swapping money. I guarantee -50% returns or cash back, with a set of butter knives. Plus, if you act fast, I'll throw in an ab cruncher that folds away into a sock draw. Deal of the century!

 

[glenn_r]

Kennas,

Thanks I have it now and if anyone wants the same returns his address is:

splash_the_cash@wanker_inc.com

 

[nunthewiser]

Kennas,

Thanks I have it now and if anyone wants the same returns his address is:

splash_the_cash@wanker_inc.com

hahahahahahah now that was funny cheers

 

[MrBurns]

Kennas,

Thanks I have it now and if anyone wants the same returns his address is:

splash_the_cash@wanker_inc.com

Sprung

 

[MR.]

Comparisons here.

http://www.interest.com.au/Investing/Term Deposits/index.htm

Remember much better rates can be negotiated. Look to the special boards which banks offer, much better. 5%+ at the moment (most terms).

Question:
Has anyone actually questioned if there is any fine print available as to regards to the "Government Guarantee" Bank deposits.
Its up to $1 million per person. That's all I know.

Does anyone have any further details?

Bank deposits should be as safe as Government bonds! Except if the Bank closes I don't know how depositors get their money back via the government? (We will pay you $1- per week??????) Bonds will be paid back from the Government when mature no questions need to be asked.

 

[MrBurns]

Remember much better rates can be negotiated. Look to the special boards which banks offer, much better. 5%+ at the moment (most terms).

Question:
Has anyone actually questioned if there is any fine print available as to regards to the "Government Guarantee" Bank deposits.
Its up to $1 million per person. That's all I know.

Does anyone have any further details?

Bank deposits should be as safe as Government bonds! Except if the Bank closes I don't know how depositors get their money back via the government? (We will pay you $1- per week??????) Bonds will be paid back from the Government when mature no questions need to be asked.

.7% insurance for anything over $1M

How will you get it back ?

I have my doubts on that perhaps $1 per week will be it, in which case KRudd would be in more danger of assassination than Obama.