What assets do you own?

[SupaVillain]

I’m researching assets for my income statement, and I was curious to see what y’all brehs be investing?

 

[phcitywarrior]

Stocks, Cash on Hand, got some RE in Nigeria that my Grandfather passed down to me but I still have to develop it (it's just a plot of land).

The goal for Q1'24 is to secure my home in the US.

 

[OfTheCross]

I’m researching assets for my income statement, and I was curious to see what y’all brehs be investing?

Vehicles, retirement, brokerage account, home, cash

 

[JBone4eva]

Cash, investment property (duplex), Brokerage account, 401k, life insurance.

 

[Jcotton1]

Cash, passed down investment property round the corner from a top tier university known around the damn world. I just bought some gold coins.

I have some art passed down from a family friend . I just had the art appraised again. The pieces have been on loan in a few art museums. I have work investments that I'm stacking long term.

I'm trying to get some pre IPO things rolling.

 

[Ya Sinning Mane]

Me

 

[Diondon]

Cash, Jewelry, Watches, Property, Stocks, Crypto, Pension, Savings

 

[Booker Carver]

House, cars, 529s, 401ks, IRA, vested pensions, non retirement, cash (for future investing). Hope to add a few rentals soon if they all pass the smell test.

Liabilities are home loan, HELOC, wife student loan and credit cards. Damn credit cards

 

[Insensitive]

Cash. Car. Stock. 401k.
I recall saying I was a homeowner on here once, I was in the middle of purchasing at the time so I felt
comfortable stating I was a homeowner. As of 2022, no house yet, that is my next goal.

 

[Rev Leon Lonnie Love]

Cash on hand, because I have the investment IQ of a 5 year old

 

[Booker Carver]

Cash. Car. Stock. 401k.
I recall saying I was a homeowner on here once, I was in the middle of purchasing at the time so I felt
comfortable stating I was a homeowner. As of 2022, no house yet, that is my next goal.

I’m in the mortgage business. Let me know if I can help with any questions you have.

 

[Booker Carver]

Cash on hand, because I have the investment IQ of a 5 year old

I’m not a financial advisor but start researching. Compound interest is a beautiful thing. Crazy what your cash can do in a short time rather than just sitting there.

 

[DEANBIGBROTHERALLMIGHTY18]

I’m in the mortgage business. Let me know if I can help with any questions you have.

Was the mortgage business reason you acquired these assets? I need to start accumulating assets. I was also thinking about acquiring small businesses from owners who want to retire from the business and their children don't want any part of the business.
I'm currently in the military. I want to leave the military but the economy is kinda shaky and I'm a little scared as well. I own a home in el Paso whose value increased by $60K ( i still have a mortgage on the home). I'm having trouble thinking about whether should I sell it, get a HELOC to acquire other assets or rent out the home when I leave el Paso? What do you suggest I do?

 

[DEANBIGBROTHERALLMIGHTY18]

Cash, passed down investment property round the corner from a top tier university known around the damn world. I just bought some gold coins.

I have some art passed down from a family friend . I just had the art appraised again. The pieces have been on loan in a few art museums. I have work investments that I'm stacking long term.

I'm trying to get some pre IPO things rolling.

What do you for work?

 

[Macallik86]

Strictly stock via taxable/non-taxable accounts. Technically speaking, I don't own any assets according to the quote below:

• Stocks are financial assets, not real assets.
• A financial asset is a liquid asset that gets its value from a contractual right or ownership claim.
• Real assets are physical assets that have an intrinsic worth due to their substance and properties such as precious metals, commodities, real estate, land, equipment, and natural resources.

Source: Are stocks real assets?