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No, a liquid asset is one that can be sold quickly for its full market value.
For example, if you have stocks worth $100K, you can quickly convert them to $100K in cash. Whereas real estate is not liquid, because you usually cannot quickly convert a house worth $100K into cash.
Some people make a distinction between “liquid assets” and “near-liquid assets” and would classify something like a money market account (which also does grow in value as many liquid assets do) as a liquid asset, and maybe some forms of stock as near-liquid assets…but I’m splitting hairs.
No, a liquid asset is one that can be sold quickly for its full market value.
For example, if you have stocks worth $100K, you can quickly convert them to $100K in cash. Whereas real estate is not liquid, because you usually cannot quickly convert a house worth $100K into cash.
Some people make a distinction between “liquid assets” and “near-liquid assets” and would classify something like a money market account (which also does grow in value as many liquid assets do) as a liquid asset, and maybe some forms of stock as near-liquid assets…but I’m splitting hairs.
Ultimately, you’re right…downvotes be damned.