Illiquid Assets & Investments
Jan 10, 2020 ·
6m 54s
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.
show less
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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| Author | Rob Tetrault |
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