If you have received a substantial amount of compensation, such as 11-12 billion VND from a 1-hectare piece of land that is being prepared for planning, it’s essential to invest wisely. However, if the value of the land increases due to planning, it may be advisable to wait another 1-3 years before making any investment decisions.
The person seeking advice has a stable monthly income of over 25 million VND and owns two pieces of land in Binh Duong. They are new to investing and were unsure how to manage their money properly. To ensure they made the most out of their wealth, they sought the help of a consultant who provided assessments and suggestions based on the limited information provided.
The consultant advised that with a stable monthly income and a large sum of money like 11-12 billion VND, smart and strategic investments were necessary for their financial plan. Depending on the situation, there are different investment options available. For example, in the first case where the family receives compensation for planning, they can consider investing in various asset classes such as real estate, stocks, bonds, and fund certificates. The consultant recommended allocating about 50% of the money for rental investment real estate and reserving 20% for reserve funds and highly liquid assets.
In contrast, if the family receives an amount of 11-12 billion VND due to increased value in their land from planning, waiting another 1-3 years may be advisable before making any investment decisions. Thorough research on the real estate market and development in the area was recommended before making any decisions. The consultant emphasized that personal financial planning can be complex but with understanding and careful planning, financial goals can be achieved. It’s crucial to seek advice from experienced professionals when investing as it always comes with risks.