Re:Ask HN: What was your best passive income in 2016?
by dgacmu on Sunday December 11, 2016 @10:05AM
(#13151329)
This part of your statement is incorrect: "It's only money when it's actually money."
Stocks in major corporations are generally considered a liquid asset - i.e., they can be easily converted to cash. [1]
Don't confuse liquidity and risk exposure. The money is still subject to the risk of the market when it's still being held in stocks, but it's approximately as good as money.
Stocks in major corporations are generally considered a liquid asset - i.e., they can be easily converted to cash. [1]
Don't confuse liquidity and risk exposure. The money is still subject to the risk of the market when it's still being held in stocks, but it's approximately as good as money.
[1] http://www.investopedia.com/terms/l/liquidasset.asp