What to do with 300 million idle dong?

300 million VND is not too big but not small either. With this amount of money, people can invest in many different ways.

However, according to financial experts, people need to maintain an emergency fund worth 3-6 months of their income in the form of highly liquid assets such as cash or short-term savings deposits. This amount of money is to prevent risks that may occur in the future.

The remaining money can be used to choose other investment asset classes with higher profitability. Note that the choice of investment assets depends on factors such as investment goals (wanting a steady income stream, wanting to preserve capital...), investment period, expected profit...

Bank savings

Saving money in a bank is a safe form of investment and can be done anywhere. The interest rate of each bank is different. If you save money with a term, the interest rate will be higher than if you save money without a term.

Gold investment

Gold has always been known as an effective investment channel chosen by many people. Statistics show that if you hold gold from 2010 to 2022 (12 years), the average annual profit is about 5.8%. Therefore, gold should be considered a safe haven asset during economic crises or major geopolitical uncertainties.

However, in Vietnam, the price of gold has just experienced many strong fluctuations and far exceeded the value in the world . Therefore, experts advise people to be careful when investing in gold, not to spend all their money to buy gold when the price is "hot" or the gap between buying and selling is unusually wide. Because at that time, if the price of gold reverses, the loss will fall on the buyer.

Stock investment

Securities are an investment channel that brings quite attractive profits compared to savings. However, it comes with high risks and volatility because the stock market is very cyclical.

Investing in stocks requires knowledge and experience. (Illustration photo)

Stocks are affected by macro factors such as the world economic cycle, the currency cycle... and more micro factors such as the business cycle of each industry and each enterprise. In addition, investing in stocks requires knowledge, experience, information and time to be able to invest effectively.

Real Estate Investment

For many people, 300 million is difficult to invest in real estate. However, if you know how to invest, this amount of money can still be effective.

With 300 million, it is difficult to buy a piece of land with a good location and high liquidity. Instead, think about investing in apartments. Customers can use 300 million to sign a contract to buy an apartment in installments.

Thanks to the support of the bank, customers will receive preferential interest rates for long-term installments. Every month, customers only have to pay a moderate amount of principal and interest. When the apartment earns a certain profit, it can be sold to reinvest in other projects.

Invest in trading, open shops

300 million VND can also be considered a large amount of capital for people to invest in business or open a restaurant. However, experts recommend that people need to carefully analyze many factors such as market trends, customer segments, location, time to open a restaurant... to make the investment effective.

Lagerstroemia (synthesis)

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