Financial assets are simply specific classes of securities in which you can invest (e.g. stocks, bonds, mutual funds, etc.). However, investment vehicles are special types of investment accounts that provide a tax-advantaged framework in which you can invest in a variety of financial assets.
The three priorities of money in regard to investment vehicles are (1) free money, (2) tax-advantaged money, and (3) tax-efficient, wise investing.
Phase I of successful investing is building an emergency fund and food storage. The emergency fund should include high-liquidity, low-cost assets such as money-market mutual funds, savings accounts, and so on.
The first step in the investment process is to determine a target monetary goal for your portfolio.
