Quote Originally Posted by corvus View Post
@YUG- Thanks for the advise! I'll definitely look into those companies you mentioned.

As to you EFTs are they riskier than the term deposits from banks?

Yeah I'll check out some contract work and see if they pay more.
Yep, EFTs are much riskier than term deposits because they are volatile (based on stocks, derivatives, bonds).
But they are managed by professionals so they will create a good portfolio for you and the risk is spread across.
Since it is riskier than term deposit, the return can be high, in some cases as high as 8%. But I think, at current climate, probably around 5% would be achievable.
Again, before jumping in, I suggest you do a bit of research. More research you do, more likely you will make informed decision.
Also, check out Vanguard's site. They have good info on it.