~ what do you consider to be ASSETS? ~

[KktdocT]

I don't consider any material items to be assets, such as properties, cars, portfolios. What I do consider to be assets are cash, coins, savings. Am I wrong to think like this?

 

[CHOPTALK]

yes your wrong to think that

 

[MattyMatt]

completely wrong. You don't believe at all in liquidity, huh?

 

[The Great One returns]

I think for most people, the biggest asset they have as a young or middle aged adult is usually their house (equity). Before the housing bubble, I beleive the average US home gained 3% in value each year.

 

[KktdocT]

yes your wrong to think that

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Yes, you're wrong to spell your words like that.

 

[KktdocT]

completely wrong. You don't believe at all in liquidity, huh?

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Not all all. You can hardly liquidate any properties you own these days.

 

[KktdocT]

I think for most people, the biggest asset they have as a young or middle aged adult is usually their house (equity). Before the housing bubble, I beleive the average US home gained 3% in value each year.

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Now it's in complete reverse @ -3% each year. I'm afraid to say but properties in the U.S.A does not gain my interest, the American market severely fluctuates than a $2 whore.

 

[The Great One returns]

How does a $2 whore fluctuate? If she charged $10, someone would find the next $2 whore.


I would think the $2 whore is pretty steady.

 

[KktdocT]

How does a $2 whore fluctuate? If she charged $10, someone would find the next $2 whore.


I would think the $2 whore is pretty steady.

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Read it again: the American market severely fluctuates than a $2 whore.

 

[CHOPTALK]

Well since you already know the answer why did you bother to start the thread?

 

[MattyMatt]

Well since you already know the answer why did you bother to start the thread?

Best question yet. OP enlighten us yet.

 

[MattyMatt]

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Not all all. You can hardly liquidate any properties you own these days.

Properties are the least liquid anyways, so bad example. I could sell it the day I list it and it take me months still to close and get my monies. However, other things that are bought and help like monies are very liquid able and def should be held.

so what exactly is a savings and cash account returning for ya these days? Lol

 

[KktdocT]

Properties are the least liquid anyways, so bad example. I could sell it the day I list it and it take me months still to close and get my monies. However, other things that are bought and help like monies are very liquid able and def should be held.

so what exactly is a savings and cash account returning for ya these days? Lol

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You cannot sell it the day you list it. Not these days. It may takes you months to close and eventually risk of having the buyer pulling out. If you know where to place your savings & cash account, you can get better interest. American rates aren't exactly enticing. Therefore, I'm not concentrated on investing in the American market.

 

[KktdocT]

Well since you already know the answer why did you bother to start the thread?

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I started the thread to see what other investors (instead of talkers, like yourself) have an opinion on their assets, in order to get an idea from those who actually own assets.

 

[dtmad]

So a $100,000 stock/bond portfolio is not an asset? Here's some great advice, then. Sell it all and get an immediate increase in assets of $100,000.

 

[CHOPTALK]

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I started the thread to see what other investors (instead of talkers, like yourself) have an opinion on their assets, in order to get an idea from those who actually own assets.

You asked about assets then you changed the subject to liquidity.
Who gives a fuck how liquid your house is if we are talking about assets.
Now if you would have started the thread: what do you consider to be Liquid?
Then you would have a point about your house analogy.

But liquid was not the topic of the thread you started.

The equity in your house is part of your assets no matter how liquid or un-liquid it is.

This is not an opinion this is just pure fact no matter how bad you want to deny it.

 

[CHOPTALK]

This thread is borderline retarded.
Its like say I dont believe the sky is blue so im going to call it orange.

 

[KktdocT]

This thread is borderline retarded.
Its like say I dont believe the sky is blue so im going to call it orange.

.................................................................Typical American jocks, who always want to win an argument. And, if he doesn't win he'll labeled others as he deemed fit himself. Keep trying, memtard.

 

[The Great One returns]

So if you owned a 200K stock portfolio with Ameritrade (we know it is probably closer to 300 million for you) you would not consider that an "asset"?

 

[CoachCB]

I consider real estate and portfolios assets. I own 3 properties (my house, a condo in Florida - that is actually in the black, and 3 acres that I'm currently building a cabin on). I also own a Roth IRA, government TSP, brokerage account, bank/savings/checking accounts, and 2 pensions (that I haven't started collecting) that I consider as assets.

My "cash on hand" is less than 15% of my "assets".

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