Cash investments 'safest option at present'

08 August 2007
People looking to invest there money carefully could do no better than the Money Market and Equity sectors, according to a financial body.

Barclays Stockbrokers has stated that the current state of the market has resulted in people staying cautious when it comes to investing.

As a result of this volatile nature, it is not surprising that people are acting in this manner, commented Henk Potts, equity strategist for the company.

But Mr Potts was quick to point out that caution does not always equal strong returns.

"Remember the art of successful investment is to buy the market when it is weak and cheap not strong and expensive," he said.

Meanwhile, Morgan Stanley has announced a $1.1 billion (£505 million) investment in UK care homes.

The firm will buy out some 1,244 units across 15 residential properties in Britain.

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