What is a Proof of the Assets (POA)?
A term used to describe an asset, company, industry or other entity that is believed to be economically resistant to the outcomes of a recession. Oftentimes, recession-proof stocks are added to many investment portfolios during times of economic decline, which may be the onset of a recession. Securities that are believed to be recession-proof often have negative beta values, which would indicate an inverse relationship to the greater market.
The following documents can supply proof of assets or resources:
Checking, Savings (or Credit Union Draft/Share) Accounts – monthly statement
Savings Certificates, Certificates of Deposit (CDs), or Bonds – certificate or bond
Stocks or Bonds – certificates
Cash on hand
Personal Property – the values for items like campers/trailers, non-motorized boats, utility trailers not used for business
Pension plans or retirement accounts – the value minus any withdrawal penalties
Life insurance – the cash surrender value, not the amount that would be received because of the death of the insured person
Vehicle (second or more)- Bluebook or NADA book wholesale (trade-in) value or loan statement/payment book
Other Assets
