What are Liquid Assets?
Liquid Assets are those that are either cash or could be converted into cash in a short amount of time without losing much value.
- Cash in your checking and saving accounts
- Money Market Accounts
- CDs
- Stocks & Bonds
- Mutual Funds
- Gold / Silver / Jewelry
- Other Valuables: art, vehicles, collectors’ items, etc.
Assets like real estate and land would be considered less liquid since you may not be able to quickly turn those into cash without them losing value. Keep in mind that any land and real estate that you still owe money on, if sold, would have to be paid off first, and only the remainder after paying your income taxes would be considered as actual assets.
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