In a nation where property investment is a national sport and the sharemarket plays a starring role on the nightly news, cash and bonds are decidedly less glamorous.
But recent experience of high inflation and interest rates changed the investment landscape and raised awareness about the importance of defensive assets to provide stable income with a high degree of safety.
Cash and 10-year government bonds are considered 'risk-free' and are the yardstick other investments are measured against when weighing up the risk you take for the returns on offer. Â
Cash may not be king but it has been providing attractive income after years in the doldrums although you will need to look beyond bank savings accounts to get the best returns.
