Types of Assets: 6 Categories with Examples As you look to build your personal or business wealth, it is important to understand the different types of assets that exist. Assets are items of economic value that can be owned or controlled to produce positive economic value. They can be classified into different categories based on their characteristics. 1. Financial Assets Financial assets are those that have a monetary value and can be traded in financial markets. They include stocks, bonds, mutual funds, and cash equivalents like savings accounts and money market funds. Examples of Financial Assets Stocks: Shares of ownership in a company that can be bought and sold on…