According to experts, if you receive compensation of 11-12 billion, you should invest in a variety of investments, but if the value of the land increases thanks to planning, you need to wait another 1-3 years.
I was born in 1983, have a wife and 2 daughters born in 2010 and 2013. Currently my family’s economy is stable with an income of over 25 million a month. I live in Binh Duong, have 2 pieces of land, one of which is 1 hectare and am preparing for planning with an amount of about 11-12 billion VND.
The couple works for a company and has never done business. When we got a fairly large amount of money, we still didn’t know what to do to make a profit with the money other than depositing it in the bank to get monthly savings interest. Ask a consultant to help me manage and use the money properly, ensure the preservation of the money and limit price slippage.
Hienhuynhhth
Consultants:
With a stable monthly income, you already have a relatively solid base to start from. When owning a large amount of money like 11-12 billion VND from a 1 hectare piece of land, investing smartly and allocating this money wisely will be what determines the success of your financial plan.
Because the information I received is quite limited, I’m not sure if the 1 hectare piece of land being prepared for planning with the amount of 11-12 billion is the amount of land you will be compensated for after planning or the expected value of the piece of land. The land is obtained after benefiting from planning. I also don’t know what type of land your second piece of land is, its area and expected value. However, with the information received, I have the following assessments and suggestions.
The first case is that your family receives 11-12 billion in compensation due to planning. With this amount of money, you can have many investment options to have a diverse portfolio of asset classes and good growth rates such as real estate, stocks, bonds, fund certificates, etc. However, with assets such as stocks, bonds and fund certificates, certain levels of understanding or the support and companionship of knowledgeable experts are required.
If you invest on your own and with not as much understanding as you mentioned, in my opinion, you can allocate about 50% of the money to rental investment real estate. This is a segment with high safety, still ensures cash flow and has certain asset growth.
Next, you can consider allocating 30% of your money to the residential land segment with good growth potential in the future, for example, the area will have good infrastructure in the next 3-5 years. This requires a thorough grasp of the market and factors affecting future land prices.
Finally, the remaining 20% should be reserved for reserve funds and highly liquid assets such as savings deposits and gold. If you already have a reserve fund, savings deposit and gold, you can buy 20% of the remaining money to buy reputable, safe bonds or bond funds with expert advice.
The second case is that the family gets an amount of 11-12 billion VND due to the increased value of the land because it benefits from planning and you plan to sell it. In this case, my advice is that if you are not having financial or cash flow difficulties, maybe wait another 1-3 years. At that time, the real estate market is expected to enter a cycle of price increases and your land may benefit accordingly.
If you need money, you can consider selling a second piece of land, but I currently do not have information about the other piece of land to be able to give more appropriate advice. I recommend thoroughly researching the real estate market and development of the area before making a decision.
Personal financial planning is a complex process, but with understanding and planning, you can achieve your financial goals. Investing always comes with risk and seeking advice from experienced professionals is an important part of the process. Finally, I want to wish you luck and success on your financial journey.