What to invest when you have 300 million idle dong?

Ms. Bich Van in Hanoi is 27 years old and unmarried. Ms. Van works as an administrator at a food company with a stable salary of 10 million VND/month.

Ms. Van owns an apartment, so she doesn't have to worry about monthly rent. Meanwhile, she has 350 million VND in idle money saved in the bank.

With not much savings, Ms. Van wants to learn more about other investment markets to earn more income. She is wondering whether to continue saving to earn interest or invest in something more profitable, and hopes to receive advice from experts.

Many people wonder whether they should deposit money in the bank.

According to Dr. Nguyen Tri Hieu, a finance and banking expert, at this time, saving is still the optimal and safe option for those with a relatively small amount of idle money.

According to him, when investing, it is necessary to ensure profitability, capital safety and liquidity. Meanwhile, depositing money in the bank to earn interest achieves all of those things.

From another perspective, sharing with VietNamNet reporter, Mr. Le Hoai An, Training Director, SSI Securities Corporation gave more specific analysis and direction for Ms. Van.

First, according to Mr. An, Ms. Van should have a detailed personal financial plan, with desired goals to be achieved according to specific time frames corresponding to the level of risk acceptance.

At the same time, it is necessary to calculate the reasonable allocation of existing assets into reserve funds for emergencies, before determining the amount of money you can start investing.

After setting up an emergency fund and determining the amount of idle money, you can start investing. In particular, investing in stocks is a reasonable place to start.

However, Mr. An believes that the best investment before investing in stocks is investing in yourself, raising awareness, basic knowledge about finance, investment... You can refer to investment training content on official information channels such as television, large and reputable financial institutions.

“Usually, young people tend to choose when to start. For example, when their income is large enough, when they have saved enough money, or when financial investment is the story of the rich…

However, investing requires a long-term vision and time is important, not timing. Therefore, the best time to invest is now, especially when Ms. Van is only 27 years old, which is an advantage, when the time to invest is still very long when considering the time of retirement," Mr. An analyzed.

While studying and researching basic financial investments, this expert believes that the allocation of 350 million VND should be focused on fund certificates to diversify risks, rather than investing in individual stocks.

In addition, to make long-term investment a habit, according to Mr. An, Ms. Van can take a portion of her monthly income, even a very small amount, only about 500,000 VND, to buy fund certificates every month. Later, when she is more confident, she can take a small portion of her investment portfolio to invest in individual stocks. From there, she can gradually increase if she finds this investment method suitable for her.

Hopefully, from the analysis of experts, Ms. Van will have more basis to make decisions suitable for her current amount of money.

My child passed the university entrance exam and has 2 billion VND. Should I buy an apartment or save it and rent a house? In the context of decreasing interest rates and constantly increasing apartment prices, should I spend money to buy an apartment for my child who just passed the university entrance exam at this time, when I have 2 billion VND?

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