Experts recommend investing in a variety of investments if you receive compensation of 11-12 billion, but if the value of the land increases thanks to planning, it is advisable to wait another 1-3 years. The individual seeking advice was born in 1983, 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 the 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 the family receives compensation due to planning, the consultant recommends investing in rental real estate and waiting 1-3 years for the land value to increase. Thorough research of the real estate market and area development is advised before making decisions. Personal financial planning is emphasized as a complex process, but with understanding and planning, financial goals can be achieved. Seeking advice from experienced professionals and understanding the risks of investing is crucial in the process.