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Asset

An asset is anything that has value or might have value in the future. All investments are assets. Stocks, bonds, real estate, gold, silver, precious metals – they’re all assets. This is why mutual fund companies that run mutual funds are also called asset management companies (AMC).

Other words,

An asset is a resource that has economic value and can be owned or controlled to produce positive economic benefits for an individual or business. Assets can include physical property, such as land, buildings, machinery, and equipment, as well as intangible property, such as patents, trademarks, copyrights, and goodwill. Assets can also include financial instruments, such as stocks, bonds, and cash.

In accounting, assets are typically divided into two categories: current assets and long-term assets. Current assets are those that can be converted to cash within one year, while long-term assets are those that have a useful life longer than one year.

For individuals, assets can include their home, car, savings account, retirement account, and other investments. For businesses, assets can include their inventory, accounts receivable, property and equipment, and investments in other companies.

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