If you receive a compensation of 11-12 billion, experts recommend investing in a variety of investments to ensure the preservation and growth of your wealth. However, if the value of land increases thanks to planning, it may be advisable to wait another 1-3 years before making any investment decisions.
The individual seeking advice was born in 1983, is married with two daughters born in 2010 and 2013, and currently has a stable family income of over 25 million VND per month. They live in Binh Duong and own 2 pieces of land, with one being 1 hectare and preparing for planning with an amount of about 11-12 billion VND.
The couple works for a company and has never done business. When they received a large amount of money, they were unsure of how to make a profit other than depositing it in the bank for monthly savings interest. Seeking the help of a consultant to manage and utilize the money properly, ensuring its preservation and limiting price slippage.
The consultant advises the individual to invest smartly and allocate their money wisely to determine the success of their financial plan. They suggest diversifying the investment portfolio with real estate, stocks, bonds, fund certificates, etc. Depending on the circumstances, the consultant recommends allocating a certain percentage of the money to rental investment real estate, residential land with growth potential, and reserve funds.
If you receive compensation due to planning or expect your land value to increase thanks to careful planning, it may be wise to wait another 1-3 years before making any investment decisions. Thorough research into the real estate market and area development is advised before making any decisions that could affect your financial future.
Personal financial planning is emphasized as a complex process that requires understanding and careful consideration of all factors involved in achieving financial goals. Seeking advice from experienced professionals who understand risk management is crucial in determining which investments are best suited for your unique needs.
In conclusion, investing smartly is key when it comes to managing large amounts of money. Diversifying your portfolio can help protect against market fluctuations while providing opportunities for growth over time. Personal financial planning involves understanding risks involved in each investment opportunity while also considering long-term goals and strategies for achieving them efficiently
