Investment Strategy for Excess Cash v Tracker

cormacol

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All,

Not looking for a money makeover but was wondering what people's general thoughts are in relation to appropriate investment strategy for people with trackers.

Given the low interest rate, we decided to save the reduction in repayments rather than overpaying. This overpayment is in various bank accounts earning varying interest rates but all low. We have a separate raining day fund and other savings/investments so this money is basically been saved to give us future flexibility. My long winded question is whether cash is the appropriate asset class given its kind of a hedge on mortgage rates or something else?

All views welcome
Cormacol
 
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