Where to park funds during the financial turmoil?

Cheers:007:

Commsec have an online investment account which earns higher interest than commbank on line.

In the fine print, it read that commsec is a wholly owned company of commbank (CBA) however, the deposit is not guaranteed by CBA.

What do you make of that? Would this be the same fine print on CBA's deposits anyway? ie no deposit is guaranteed.....

Just curious, as I am in the process of opening the commsec online investment (as opposed to commbank, although I'm a bit unsure now).

I think we were asked about financial turmoil, not an apocalypse. You can't get much safer than term deposits, however after inflation and tax you might just break even. For a little bit more risk and better returns, usually fully franked, look at the bank's hybrids. For better returns still and a little more risk check out the industrials hybrids.

nunthewiser said:

Gold ingots, shovel, uzi.... wait for the new great depression .........dig up......... rule the world

Click to expand...

LOL, thats quite funny.

Cheers,


CanOz