With the recent downturn in the Real Estate and the Markets, those sitting on cash get find some real gems out there. It may be boring keeping that money in term deposits but at least you will be able to sleep at nite knowing that your money is safe. But is it really.

Having too much money with one bank can be hazardous your health and pocket book. Your money is only insured up to a certain amount, over that limit you are out of luck.

Reminder this summer when depositors rushed to withdraw money from IndyMac Bank, the California thrift that collapsed in July. Investors holding supposedly liquid auction-rate securities were stunned to discover they could not sell them after the markets seized up in the spring.

Just remember don't get greedy and if it sounds to good to be true, it most likely is, but then again, their are some fantastic deals to be had right now. Hang in for the long term and you can make some serious money in those investments. Some more stories can be found by visiting Palonek