Asset acquisition planning is one of the earliest financial activities you undertake in life. It involves the purchase of
tangible and financial assets, liquid assets, investments, and personal and real property.
Liquid assets are
?, including
? 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
? with your age, income, and wealth, all other things
In general, the cost and value of your tangible, personal, and real assets tend to
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.
