Personal assets are things or money which belongs to an individual or corporation. Personal Assets it is an own value or a resource of value that can be changed into cash. It could be distinguish two types of personal assets: tangible or intangible.
Types of personal assets
We can differentitave two types of perssonal assets: Tangible Assets - this assets can be touched and seen, this is are material things. For instance tangible assets are (Examples of assets, YourDictionary):
- Cash on deposit
- Cash on hand
- Certificates of deposit or CDs
- Commercial paper
- Corporate bonds
- Corporate stock
- Debentures held
- Federal agency securities
- Federal treasury notes
- Guaranteed investment accounts
- Loans to members of insurance trusts systems
- Loans receivables
- Marketable equity securities
- Marketable securities
- Money market funds
- Savings accounts
- Share of funds in governmental investment accounts or pools
- State and local government securities
- Time deposits
Intangible Assets - this is second type of personal assets. This type can not be touched and seen, it is immaterial. For instance intangible assets are:
- Brand recognition,
- Trade names,
- Performance events
- Musical works
- Patented technology
- Computer software
- Literary works
Personal assets in small business
Some of small business and enterprises use personal assets to support own company. Enterpernuars use own savings or even take credit secured by their own home and properties. Financing small business often have really close relationship with personal assets. It is caused that economic downturn which is really chalanges for small enterprises. They can not get credit as a business, so this is reason why owners risk their own safe to support company (J. Moon,2010, s.9-10).
How to invest personal assets
It is really important to invest yours personal asstes. It is several possible ways:
- Traders who invest in short term period
This is way to invest money by buying valuable things to sell tem with profit. This is short term investition und unfortunately gives low stability.
- Small investors
Investing in equities huge amount of money could be risky. When it comes to ivest our perssonal assets, it sould be done in safe way to not lose money. On first step our investing ladder we should start to invest in safe opportunieties for egzample in gold, cash and index-linked.
- Aggressive investores
In 1986 Nigel Lawson introduced Personal Equity Plans (“PEPs”), which was described as an ‘Aggressive Growth’ PEP. Sometimes holding for years but it never getting back profit.
- Seeking high dividends
This is safe and dependable to invest in personal assets' dividend. However, it is not high and do not give high profit. If we combinate dividents we can make some profits, but it wouldn't be a high-yielding but stable and not risky.
- A geared and long-term investment
If we look in a long -term investment, one of the better solution would be an investment found (R. Angus, 2017).
How protect personal assets by web application
It is possible to use web application to monitoring personal assets. By using this application you can monitoring net worth, tracking your investment, management of yours stock. Additionally you can personalized e-mails system to give you report of your personal assets (L. Szathmary, A. Boc, P. Valtchev, V. Makarenkov, 2018, s.6).
- Angus R., (2017), Personal Assets Trust PLC, "Quarterly report" No. 86
- Moon J., (2010),Small Business Finance and Personal Assets , "Community Investments", Volume 21, Issue 3, s.9-10
- Szathmary L., Boc A., Valtchev P., Makarenkov V., (2018), Assets Evolution: A new free of charge web server application for a real-time tracking of personal investments and net worth Universite du Quebec a Montreal
Author: Karolina Knapik