Thursday August 7, 2008 Talkback Question:
Of your total assets, what percentage do you keep liquid(cash, savings, checking, CD's, Money Markets)? What percentage of your Networth is liquid?
If you are not familiar with the term, "liquid" , it generally refers to cash that you can get at pretty quickly whereas with investments, you would have to sell the asset and wait for the transaction to clear. Getting money from investments can take a few days or even weeks.
** Looking at my Networth report I created in an Excel spreadsheet, about 31% of my Networth is liquid and about 5% of my total assets are in liquid funds. **
How liquid are your assets?