Asset acquisition planning is one of the earliest financial activities you undertake in life. It involves the purchase of ___, including tangible and financial assets, liquid assets, investments, and personal and real property.
Liquid assets are ___ and are held either to consume and use or to generate a return or income as an investment. An example of a liquid asset is ___.
In general, the cost and value of your tangible, personal, and real assets tend to ___ with your age, income, and wealth, all other things remaining constant. The value of your financial and liquid assets, on the other hand, tends to be a function of economic conditions and your investment returns.