Best question yet. OP enlighten us yet.
Properties are the least liquid anyways, so bad example. I could sell it the day I list it and it take me months still to close and get my monies. However, other things that are bought and help like monies are very liquid able and def should be held.
so what exactly is a savings and cash account returning for ya these days? Lol
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You cannot sell it the day you list it. Not these days. It may takes you months to close and eventually risk of having the buyer pulling out. If you know where to place your savings & cash account, you can get better interest. American rates aren't exactly enticing. Therefore, I'm not concentrated on investing in the American market.
You asked about assets then you changed the subject to liquidity.
Who gives a fuck how liquid your house is if we are talking about assets.
Now if you would have started the thread: what do you consider to be Liquid?
Then you would have a point about your house analogy.
But liquid was not the topic of the thread you started.
The equity in your house is part of your assets no matter how liquid or un-liquid it is.
This is not an opinion this is just pure fact no matter how bad you want to deny it.
I consider real estate and portfolios assets. I own 3 properties (my house, a condo in Florida - that is actually in the black, and 3 acres that I'm currently building a cabin on). I also own a Roth IRA, government TSP, brokerage account, bank/savings/checking accounts, and 2 pensions (that I haven't started collecting) that I consider as assets.
My "cash on hand" is less than 15% of my "assets".
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My "cash on hand" is less than 15% of my "assets".
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