Classification of Investment and Financial Products
Another way to classify financial products is to group similar products into specific classes. These classes are generally defined as the following:
Cash and cash equivalents - savings and checking accounts, money market accounts, bank and broker CD’s, and T-bills
Equities - common stocks, preferred stocks, and mutual funds
Fixed-income investments - corporate bonds, municipal bonds, Treasury bonds, bond funds, and mortgage-backed securities
Hard assets - real estate, precious metals, and collectibles
