## Choosing Between Marketable and Non-Marketable Securities: A Practical Guide
When building an investment portfolio, one of the first decisions you'll face is understanding what is marketable securities versus their non-marketable counterparts. While both serve distinct purposes in wealth building, they operate under fundamentally different rules—and that matters more than you might think.
### The Core Difference: Liquidity Is Everything
The simplest way to grasp the distinction is through one word: liquidity. Marketable securities like stocks, bonds issued by public companies, and exchange-
When building an investment portfolio, one of the first decisions you'll face is understanding what is marketable securities versus their non-marketable counterparts. While both serve distinct purposes in wealth building, they operate under fundamentally different rules—and that matters more than you might think.
### The Core Difference: Liquidity Is Everything
The simplest way to grasp the distinction is through one word: liquidity. Marketable securities like stocks, bonds issued by public companies, and exchange-