Is it better to invest in bank bills rather than the share market?
Q.
We have some extra cash and we were told to buy a bank bill for
a good quick return rather than investing in a volatile market. Are
there any other ways to lend money that will return a better yield
other than bank bills?
A.
Bank bills or term deposits are low risk - if you chase higher
returns by choosing some of the products heavily advertised in the
papers you have a much greater chance of losing your capital. Of
course for the long term growth investments are still the best
option.
Each week financial advisor Noel Whittaker answers your
questions.
