Illiquid Assets & Investments
Jan 10, 2020 ·
6m 54s
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Description
The concept of liquidity is one that very few people understand and appreciate. A $10 bill is about as liquid as it possibly gets – it’s cash, it’s tender, stuff...
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The concept of liquidity is one that very few people understand and appreciate. A $10 bill is about as liquid as it possibly gets – it’s cash, it’s tender, stuff is purchasable with it; it's fully liquid.
Let's talk about some of these illiquid assets that you have. How liquid is your house? Could you convert it to cash tomorrow morning? Maybe if it's a condo in the right price area you could sell it really quick and convert it to cash. But generally, that would be an illiquid asset.
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Let's talk about some of these illiquid assets that you have. How liquid is your house? Could you convert it to cash tomorrow morning? Maybe if it's a condo in the right price area you could sell it really quick and convert it to cash. But generally, that would be an illiquid asset.
Information
| Author | Rob Tetrault |
| Organization | Rob Tetrault |
| Website | - |
| Tags |
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