Monday, May 6, 2013

Understanding Assets


Many people mistakenly believe that they do not have any assets to their name. They think of assets as something owned only by the wealthy. The truth is, however, that most people do have assets. While not all of them are the kind of assets that would be included in an investment portfolio, they are still valuable and could be better handled through Naperville asset management and assistance, as provided by Platinum Financial Associates. Asset management is simply about determining what your assets are, how they can benefit you, and what things you can do to put your assets to work for you.

Did you know, for example, that your checking and/or saving accounts are assets? Even if they aren’t overflowing with money, the very fact that you have them at all is a major plus. If you have a certificate of deposit, commonly known in the financial world as a CD, that too is an asset. Because CDs are a lot more likely to accrue interest, and more of it, than savings accounts, they are even more valuable to you and would likely be included in your investment portfolio.

As you can see, there are a lot of different assets out there, and as such, it can be difficult to know what possessions, goods, or investments of yours are considered assets and, if they are, whether or not they’re worthy of being a part of your investment portfolio. Why not take the guesswork out of it by working with a Naperville asset management firm? Chances are that, when you do, you’ll find you have even more assets than you realized.

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