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Junior Member
Whiskey and Water - What is your water?
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.
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Member
I can't answer your specific question, but my thought is that the advice may not be as appropriate to a NZ environment anyway. Even now, our deposit rates after tax still mostly keep up with inflation I would have thought. On the other hand, you would be hard pressed to find somewhere in the UK to stick your cash, and have it earning 4%.
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Originally Posted by keylime
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.
Infratil. I like Gold label
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Inflation adjusted government bonds are available in NZ, keylime. Talk to your broker about terms and availability.
Disc: I don't hold.
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Don't bother with whiskey and water,just go straight to the top shelf,Drambuie,or in the case of keeping ahead of inflation,bank shares.
I have found owning the bank more profitable than having money in the bank.I prefer a NZ bank for fully imputed divies,but the Aussie banks are great long term investments.
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Junior Member
Originally Posted by percy
Don't bother with whiskey and water,just go straight to the top shelf,Drambuie,or in the case of keeping ahead of inflation,bank shares.
I have found owning the bank more profitable than having money in the bank.I prefer a NZ bank for fully imputed divies,but the Aussie banks are great long term investments.
Thanks for your thoughts @percy. Could I ask which bank and how you bought them?
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Junior Member
Originally Posted by cyclist
I can't answer your specific question, but my thought is that the advice may not be as appropriate to a NZ environment anyway. Even now, our deposit rates after tax still mostly keep up with inflation I would have thought. On the other hand, you would be hard pressed to find somewhere in the UK to stick your cash, and have it earning 4%.
thanks for your answer. What you say makes sense
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Originally Posted by keylime
Thanks for your thoughts @percy. Could I ask which bank and how you bought them?
If you go to the HBL tread you will find that Percy is well positioned there :-)
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I quite like Spirited Funds "Whisky Fund" ETF. You can find them in New York under WSKY.
Not sure if they do water though. Probably not, I'd guess.
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