A recent windfall of 11-12 billion VND has left a family feeling unsure of how to invest their money wisely. Born in 1983, the couple, who work for a company and have never done business before, were at a loss as to how to make their fortune grow. Seeking the help of a financial consultant was their next step.
The consultant advised that with a stable monthly income and a solid base of 11-12 billion VND from their 1-hectare piece of land, smart investing is key to achieving their financial goals. The consultant provided assessments and suggestions based on limited information, but ultimately left it up to the family to decide which investments would be best for them.
In the first case, if the family receives compensation for planning, they can consider various investment options such as real estate, stocks, bonds and fund certificates. For rental investment in real estate, the consultant recommended allocating about 50% of the money. Residential land with good growth potential in the future could also be an option, allocating 30% for this segment. The remaining 20% should be reserved for reserve funds and highly liquid assets.
In the second case if the value of their land increases due to planning, it is advisable to wait another 1-3 years before making any decisions on potential price increases in the real estate market. Thorough research on development and growth potential of area was recommended before making any decisions.
Personal financial planning can be complex and comes with risks but with proper understanding and planning financial goals can be achieved successfully. Seeking advice from experienced professionals is essential when it comes to investing money wisely.