Comment Re:401k (Score 1) 467
If your argument is "many stocks are overvalued", that's absolutely true. I think Apple is overvalued. So I don't buy it. They make a lot of money right now, but their valuation assumes they're going to make that kind of money long term. I think that's unlikely. Other people disagree. Or they think they can make money anyway, by pawning the stock off on some greater fool. That's not how I like to invest, but you can make money that way.
It does not, however, have the capability to liquidate its assets.
Liquidity is usually a function with parameters are "item type" and "amount", where liquidity tends to decrease as the amount rises. Selling a thousand dollars of Apple shares is unlikely to affect the price. Selling a billion dollars of Apple shares would definitely lower the unit price received. However, in terms of the amounts "normal" investors are dealing with, equities are generally seen as having good liquidity compared to other assets. But if you are investing a lot of money in a small stock, such that your trades are a good percentage of the overall volume, managing liquidity is certainly something you want to consider.
Definitely equities aren't perfectly liquid, but reasonable, non-"penny" stocks (especially on exchanges with professional market makers) are normally liquid enough that an individual investor doesn't have to worry too much about it. Again, it's normally seen as a positive property of stocks as compared to other investment types.