Before you start
Use liquidity review to separate value from access. Net worth can be high while usable cash is low. The Liquidity tab helps you see what is daily or monthly liquid versus locked, private or unknown, but you still need to confirm the liquidity setting on the underlying records.
Detailed steps
Confirm visible totals and protected data state
Start from Net Worth and read the Held Away banner. If private assets are excluded, liquidity review covers only visible records. This can be correct for a normal review, but it can understate locked private wealth when you need a full owner view.
Open the Liquidity tab
Use Liquidity to split the portfolio into buckets such as daily and locked. Read amount and percentage together. A high locked percentage means the balance sheet may not be able to fund near-term needs without selling hard-to-sell assets.
Use Largest positions to find which records are locked
Open Largest positions and read the Liquidity column. This shows whether locked exposure comes from property, private investments, collectibles or another record. Open any large row whose liquidity setting looks too optimistic or too vague.
Open Forecast when timing matters
Use Forecast when cash runway, emergency reserve, debt service, capital calls or large upcoming expenses matter. Forecast can show a cash shortfall even when total net worth remains positive.
Field guide
Value treated as daily or monthly liquid.
Use it as a planning input only after checking cash and marketable records.Value that is hard or slow to convert into cash.
Real estate and private holdings often belong here.Liquidity that should be quickly accessible.
Cash and liquid listed securities may fit, but restrictions can change this.Liquidity with notice, settlement or redemption delay.
Use it only when a real process exists.No realistic short-term liquidity.
Use it for property, private funds and restricted assets unless evidence says otherwise.Liquidity has not been established.
Treat unknown as a review issue, not as available cash.How long cash can support the plan.
Open Forecast when accessible value may be too low.Decision rules
What it adds
- Shows whether net worth can actually support upcoming obligations.
- Improves planning by separating value from spendable liquidity.
What it does not do
- Liquidity labels are user assumptions unless supported by source terms.
- A liquid market does not guarantee execution at the displayed value.
Common mistakes
What to check
- Use Locked for private funds, real estate and restricted holdings unless redemption is real.
- Document redemption windows and gates in notes.
Treating locked value as available cash.
Marking private assets as daily liquid without a documented redemption path.
Ignoring cash reserves, tax cash, debt service and capital calls.
Assuming a listed asset is liquid when it is restricted, suspended or pledged.
Forgetting that Held Away exclusion changes the liquidity picture.
Using liquidity labels without checking the largest rows.
Skipping Forecast when the timing of cash needs matters.
After you save
- Open large locked or unknown assets and confirm their liquidity setting.
- Add notes for gates, lockups, redemption windows or sale constraints.
- Update Cash before using liquidity for Investment Plan budget decisions.
- Open Forecast when reserve or runway is uncertain.
- Open Capital Review when liquidity concentration triggers a review item.
- Do not treat total net worth as investable capital.