A family, with a monthly income of over 25 million VND and two pieces of land in Binh Duong, received a substantial amount of compensation due to planning. The couple, who work for a company and have never done business before, were unsure how to make the most of their fortune. They turned to a consultant for guidance on managing and using their money effectively, preserving it, and minimizing price slippage.
The consultant recognized that the family had a stable base from which to start investing smartly and allocating their funds wisely. When they received 11-12 billion VND in compensation from a 1-hectare piece of land, investing in various asset classes such as real estate, stocks, bonds, and fund certificates was recommended. For rental investment real estate, the consultant suggested allocating about 50% of the money. Residential land with good growth potential in the future could be another investment option, with 30% allocated for this segment. The remaining 20% should be reserved for reserve funds and highly liquid assets.
In another scenario where the family received an amount of 11-12 billion VND due to increased value from planning on one hectare piece of land, waiting another 1-3 years for potential price increases in the real estate market was advised. Thorough research on the real estate market and development of the area was recommended before making any decisions.
Personal financial planning can be complex but with understanding and planning financial goals can be achieved. Seeking advice from experienced professionals is crucial as investing always comes with risks. The consultant wished the individual luck on their financial journey.