Did you know that stocks are not the only things you can own to build wealth? 🤑

There's many other types of assets that you should know about as an investor 🤯

An asset = anything that has value! 💸

Like a stock, car, house or even your phone 📱

As an investor, there's 5 major categories of assets you can invest in: stocks, bonds, cash equivalents, real estate and commodities 💰

Stock = a slice ownership in a company 📈

Stocks are considered a high risk, high reward asset class.

Bonds = loans to companies or the government in exchange for regular payments 💵

Bonds are considered low risk but low reward investments.

Cash equivalents = anything that can quickly be converted into cash! 🏦

Often short-term, low risk investments like government bonds.

Real estate = property like land, buildings, houses or apartments 🏠

It can provide a steady income, but also requires a lot more money upfront 🏡

Commodities = physical goods that is traded on a market, like oil, gold, and corn 💰

Commodities are similar to stocks in that they are traded all the time by people in a commodities market.

Spreading your money out across different types of assets can help you diversify your wealth 📊

Now, let's dive into each type of asset in more detail!