Questions tagged [assets]

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37
votes
7answers
11k views

Why does Warren Buffet consider real estate as productive asset?

In Berkshire Hathaway 2011 letter, Buffet said that: My own preference – and you knew this was coming – is our third category: investment in productive assets, whether businesses, farms, or real ...
34
votes
12answers
18k views

Is a house an asset?

Intro: I'm 21 and I do not know anything about personal finance. I want to start learning because I strongly believe that this is a very important and necessary attribute to learn. I have read ...
29
votes
3answers
4k views

What can my relatives do to minimize their out of pocket expenses on their fathers estate

I live in Florida with my wife; she has a brother and sister who both live in Georgia. We have some questions about the estate of their father who used to live in Pennsylvania but passed away just ...
18
votes
6answers
31k views

Legitimate unclaimed property that doesn't appear in any state directory?

I received a letter from 'Legal Claimant Services', a division of Keane claiming that my recently-deceased father has some assets in a Georgia bank. Of course, for a fee, they would help me recover ...
14
votes
10answers
5k views

What assets would be valuable in a post-apocalyptic scenario?

In spite of the tendency for people to think of gold and diamonds as an emergency store of value for a shit-hits-the-fan scenario, I have a hard time understanding how owning physical gold would ...
13
votes
5answers
29k views

What's a normal personal debt / equity ratio for a highly educated person?

I'm trying to figure out what a bad / normal / good personal debt / equity ratio is. Most sites deal with debt / income ratio, which is a cashflow metric, and I want to focus on assets / obligations. ...
12
votes
1answer
1k views

Can a gift be re-gifted before a Chapter 7 Bankruptcy?

About a month or so ago, I gave a family member $10k to purchase a car, because he needed a reliable car for his two hour commute. He's going through some financial trouble, and is now looking to ...
11
votes
2answers
2k views

Transfer value of a mortgaged house

My mother and I co-own a house (50/50) that is currently mortgaged. It's an investment property, so we collect rent income on it. We're looking at transferring her interest in the property to me, ...
11
votes
3answers
38k views

What is the difference between equity and assets?

I am (going to be) using GNU Cash, which uses the double-entry method; I use it for personal finance. Reading various tutorials for GNU cash, it lists 5 types of accounts: income, expense, assets, ...
11
votes
1answer
3k views

Taxes on selling a classic automobile received as a gift

When I was in high school, my father-having just had a heart attack-gifted me a classic automobile. This year, he passed away and I ended up selling the car. (The car has been in my name now for ...
10
votes
2answers
3k views

Treatment of web domain ownership & reselling for tax purposes: Capital asset, or not?

I run a web publishing business. I buy a large number of domains — and occasionally sell one, although not frequently. Some domains are developed into websites, which bring in advertising ...
9
votes
5answers
2k views

For net worth, should I value physical property at my cost to replace it, or the amount I could get for selling it?

I recently was a good little consumer and picked up a relatively expensive set of new home furnishings, some furniture, a TV, some other electronics ... items of that nature (don't worry, been ...
9
votes
2answers
706 views

How to fill the IRS Offer In Compromise with an underwater asset?

I owe about $6k in back taxes, and simply don't have the money--it's hard for me to find even minimum wage jobs in the current economy, and I am burdened with consumer debt. After speaking with the ...
8
votes
2answers
309 views

Locating all the deceased's assets in the UK

Is there anyway, in the UK, for an executor of a will to locate all the deceased person's assets? Or, to put it another way, how can one be sure that all the deceased person's assets have been located?...
7
votes
3answers
17k views

If a company's assets are worth more than its market cap, can one say the shares must be undervalued?

Imagine a company sold a 10% stake in one of its assets to a 3rd party for $100 million. It would be fair to assume that the asset is worth $1 billion. If that company had 200 million shares issued, ...
6
votes
1answer
215 views

Protecting assets against addictions

How would you pass or gift assets to a person with a gambling addiction? I suppose a drug addiction would be easier to deal with, since in this case the addicted person won't be able to blow it all ...
5
votes
1answer
257 views

What happens to your assets if there is no heir?

I have read a lot of articles about what happens if you die without a will in a variety of situations (married, single, domestic partners, with/without children, etc.). Most "extreme" is that you die ...
4
votes
2answers
1k views

How do I calculate my net worth according to the book “The Millionaire Next Door”?

I remember reading about PAWs, UAWs, and AAWs. I also remember that the formula for what your net worth should be on average (to be an AAW) is your income (without inheritance[s]) multiplied by one ...
4
votes
2answers
8k views

Is a website/domain name an asset or a liability?

To what extent can one consider a domain name and/or website to be an asset vs. liability? Clearly the people who have websites that do make big profits off of them consider them to be valuable, ...
4
votes
2answers
827 views

How to calculate return for “negative” investment

I'm tracking a few investments, with a simple formula for total (non-annualised) return, which is (current_value - money_invested) / money_invested. For one of my investments, however, I already ...
4
votes
2answers
453 views

Can Warren Buffet's method be distilled into basic steps?

Firstly I'd just like to point out that the following question may flag the reader as some sort of cheap, novice attempt to turn a incredibly complex concept into something fast and easy, like a hack ...
4
votes
3answers
5k views

What is an “International Equity”?

I'm an investment newbie, and I'm trying to understand the terminology. On the website for a certain investment firm, the main types of assets are: Large Cap Equity Small Cap Equity International ...
4
votes
1answer
90 views

When and how to create a will document Vs. inheritance rules

I few questions related to will: Q1: Is there any particular kind of assets for which you must have a will document or inheritance rules are sufficient? In particular: Real Estate Automobile ...
3
votes
3answers
2k views

Understanding my company's liabilities

I am seeking to close a UK business I own but I am worried about being hit with a huge tax bill. I have been provided a balance sheet which states the following: TOTAL ASSETS LESS CURRENT ...
3
votes
3answers
236 views

Asset allocation when retirement is already secure

A bit of background information, I currently have a pretty good defined pension plan with my employer, above average salary and ability to contribute to savings, high earning potential, and a low cost ...
3
votes
3answers
243 views

is high credit score an asset? [duplicate]

A quick definition of asset is a useful or valuable thing, person, or quality. Can a high credit score be thought as an asset ? I am not asking what can I do with my credit score, I am simply asking,...
3
votes
3answers
240 views

Is unrealized gain part of asset?

I'm gathering my assets information (cash, RSP, margin, etc) in an excel to keep track of my saving progress over time. I'm struggling about which amount to put, for example, I invested 1000$ this ...
3
votes
2answers
151 views

Coin collection evaluation process

What are some of the ways to research a coin collection you inherited.
3
votes
1answer
1k views

Selling assets while on Service Canada Disability

I'm receiving disability payments via Service Canada, topped up by private long term disability. I have an opportunity to sell a non-real estate, virtual asset worth about $9500, which is considerably ...
3
votes
2answers
309 views

Are social media accounts (e.g. YouTube, Twitter, Instagram, etc.) considered assets? [closed]

I thought this would be a relevant question to ask here. I saw other similar questions where it was made clear that things like websites and domains are assets and can be worth huge sums of money. ...
2
votes
1answer
458 views

Is there a term for total money owed to you?

Is there a word, in finance, for the total amount of money owed to you? That is, for money you "have" but you don't have yet. For example, if I have $10k in the bank, and a total of $20k open ...
2
votes
1answer
157 views

What low cost assets can I invest in? [duplicate]

I'm 22 years old and have some money saved up, sitting in the bank. The idea was to buy a house, but in my country (the Netherlands) the costs of properties have raised significantly. If I would buy ...
2
votes
1answer
64 views

Disposing of hardware item from current assets, is the reduction in assets posted to equity or special loss account?

I'm disposing of an old laptop that is broken and completely unusable. Let's say it was purchased for $1000 before taxes, already been accounted for in Current Assets since the date of purchase, and ...
2
votes
1answer
109 views

Which are assets? Which are liabilities? [closed]

Way to financial independence is buying assets instead of liabilities, right? Can anyone give list of popular assets? By assets I mean things which create money and by liability I mean things which ...
2
votes
1answer
182 views

How should I keep track of my financial assets across borders and currencies?

I'm an expat and am curious: Is there any better way out there to manage my various assets in differing currencies across borders and markets? Currently, I just use a spreadsheet, but it is becoming ...
2
votes
1answer
428 views

Where to record existing assets when starting double-entry accounting

Very rarely would anyone start recording their accounting with zero assets or liabilities. Question is - under which account would you record them? Specifically, if you own property, you would debit ...
2
votes
1answer
93 views

What kinds of financial assets have a fixed payment and finite time?

Which kinds of assets have the following properties? Can be bought or sold in some market Pay some pre-specified amount if a pre-specified (but in the present uncertain) event occurs Has fixed ...
1
vote
3answers
216 views

How should one bequeath a large asset (e.g. real estate) in a way that will cause the least disagreements among multiple heirs

Say that I have a large asset, like a real estate or a valuable possession, that I want to handle in my will. I have three children and would like to bequeath it to them (I don't think it would be ...
1
vote
2answers
15k views

How do I calculate my own assets?

What should I include in my asset calculations? How do I know what is an asset and what is a liability?
1
vote
2answers
165 views

Why do banks give loans instead of buying assets themselves?

There was asked a similar question why don't banks invest money in mutual funds or shares instead of giving personal loans It was about buying fonds and shares. Those are derivatives. Here is an ...
1
vote
2answers
247 views

Receive liability as a present

My parents in law want to give my kids a used car as a present for their 17th birthday (about 8000 dollars). I know that this is going to add about 250 monthly on gas+taxes+maintenance to our expenses....
1
vote
1answer
548 views

What are “equity assets”?

The definition of equity and the definition of asset are explained in many posts and across the Internet. However, it doesn’t seem possible to me to derive the meaning of "equity assets" from them. ...
1
vote
2answers
2k views

Total assets and current assets

I was looking into company investment data and was doing some ratio calculation when I stumbled upon 4 Terms "Total Assets", "Current Assets", "Total Liabilities", "Current Liabilities". My instinct ...
1
vote
1answer
79 views

Trying to understand 'assets' of an electrical energy distribution company in this context [closed]

Extracted from text: Another new potential role for distribution companies is in the deployment of innovative technologies such as distributed storage, EV recharging infrastructure, and ...
1
vote
1answer
168 views

How to calculate my financial healthiness?

I came across this website that could calculate how healthy my financial standing is by asking ten questions. https://www.nerdwallet.com/blog/financial-literacy/ But I feel those ten questions are ...
1
vote
1answer
58 views

What reason do we have to believe ratings agencies will do their jobs on ABS's?

I was reading: http://people.stern.nyu.edu/igiddy/ABS/absasia.pdf for a high level overview of the construction of Asset Backed Securities as I found out recently that securitization has come to an ...
1
vote
1answer
104 views

Do GnuCash Income entries ever stop contributing to the Income Account's total?

I'm building a personal budget in GnuCash and after entering my starting equity, I've added my new paycheck in the Income section of my budget. I've entered it as transferred to my Checking Account ...
1
vote
1answer
17k views

Does CAPEX include intangible assets?

CAPEX is defined here as funds used by a company to acquire or upgrade physical assets such as property, industrial buildings or equipment. The video states that "the value of the capital ...
1
vote
1answer
182 views

Must tangible assets be depreciated or can I take a one-time expense? [closed]

Let's say my company purchases some tangible/fixed/long-term asset. Am I required to take a prorated depreciation expense each year for the life of the asset? Do I have the option to report the ...
1
vote
0answers
44 views

Meaning of negative stockholder equity [duplicate]

In McDonald's 2016 annual report Balance Sheet, it shows Total Liabilities is greater than Total Assets. So it's Total Stockholder's Equity appears to be negative, with these fields reported as ...