Asset Acquisition Planning is one of the earliest financial activities you undertake in life. It involves the purchase of, including tangible and financial assets, liquid assets, investments, and personal and real property Personal property are and are held either to consume and use or to generate a return or income as an investment. An example of personal property is .
In general, the cost and value of your tangible, personal, and real assets tend to with your age, income, and wealth, all other things remaining constant. The value of your financial and liquid assets, on the other hand, tends to be a function of economic conditions and your investment returns.