The couple, who worked for a company and had never done business before, was unsure of how to make the most out of their substantial compensation. They decided to seek the help of a consultant to manage and use their money wisely.
The consultant advised that with their stable monthly income and large amount of money from a 1-hectare piece of land, investing smartly and allocating their funds properly was crucial for their financial plan. They provided assessments and suggestions based on the limited information provided.
If the family received 11-12 billion VND in compensation due to planning, they could consider investing in various asset classes such as real estate, stocks, bonds, and fund certificates. For rental investment real estate, the consultant recommended allocating about 50% of the money. Residential land with good growth potential in the future could be another investment option, allocating 30% of the money for this segment. The remaining 20% should be reserved for reserve funds and highly liquid assets.
On the other hand, if they received an amount of 11-12 billion VND due to increased value of land from planning, it was advisable to wait another 1-3 years for potential price increases in the real estate market. 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 proper understanding and planning; financial goals can be achieved. Seeking advice from experienced professionals is crucial as investing always comes with risks. The consultant wished them luck on their financial journey.
