I've been reading this book called Smarter Investing. It's a UK book and as such, the author is able to list a whole range of possible investments for his readers. In NZ, we're a lot more limited. But, as an investment strategy, and as a drink, Whiskey and Water sounds appealing.

The author points out the risks of holding cash as a defensive asset, as inflation can wipe it out. He recommends "assets that naturally protect against inflation" - which sound amazing.. but what do we have like this in NZ? Options in the book are: 'inflation-linked securities' - 'UK index-linked gilts, index-linked National Savings Certificates or globally issued inflation linked bonds'.

So, what is your water? I'll buy you a drink.