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Financial assets are referred to as financial instruments or securities. They are seen as an investment asset whose value is derived from a contractual claim of what they represent. These are liquid assets as the economic resources or ownership can be converted into something of value, such as cash.
Although you can’t control how the market operates but you can control the investments you choose. At 30, you should have a retirement portfolio that is almost entirely allocated to stocks. Why? Because you have 30 or 40 years before you retire, and that time means near-term market fluctuations don’t matter to you. What does matter to you is long-term growth, and that’s what you get in the stock market.
There really is no rush or time-frame or deadline when it comes to acquiring financial assets. If you’re able to acquire some financial assets such as stocks or even landed properties before you’re 30, that is amazing. However, financial literacy is something that must be acquired at a young age, as this is what will propel you into acquiring your financial assets. Financial literacy cuts across mere acquisition of assets, it’s the total money-lifestyle. It covers your attitudes towards money- how you budget, save, the investments you go into, debts etc. these are things you should already know and have clear cuts on before you’re 30.