Definition
Any possession of significant worth that can be converted into cash according to its value
- Financial asset
- contractual claim to something of value (future cash flows, equity, Stocks, bonds, mutual funds, and ETFs)
- Personal asset
- items of present/future value owned by an individual or household
- Cash, land, investments, personal property (vehicles, jewelry, etc)
- Business asset
- Capital goods: Material items such as machinery, buildings, and equipment used in the production of other goods and services
- When investing there are many assets to choose from: Stocks, Bonds, Real Estate, Cryptocurrency, Precious metals, Art, Collectibles, etc