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what are equity assets?
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if i hold a bond then i have a debt asset. if i hold physical silver then i have a commodity asset. if i hold the stock of an individual company then i have an equity asset. equities, commodities and debts are the three kinds of assets that a person can hold.  edit: i forgot one other kind of asset; monetary asset. if i stuff my mattress with cash (usd) i am holding a monetary asset.  short-term treasury bills really behave more like a monetary asset than a bond. so besides actual, physical, currency i would categorize t-bill as a monetary asset.  https://www.treasurydirect.gov/indiv/products/prod_tbills_glance.htm
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