Index Partners Executive Director: Gold Has the Smallest Share of My Portfolio

At the Vietnam Investment Forum 2027 on November 12, Nguyễn Thị Minh Thu, executive director of Index Partners (Index Partners Financial and Investment Consulting Company), said she had allocated a substantial share of her personal funds over the past two years to real estate that generates cash flow, alongside fixed income assets such as savings deposits and bonds. Gold has the smallest share of her portfolio; she considers its liquidity limited.

Nguyễn Thị Minh Thu, executive director of Index Partners.（VietVance）

Nguyễn Thị Minh Thu said her decision to choose rental properties was based on her expectations of changes in market policy. She believes measures to curb speculation may be introduced and that second and third properties may be taxed. Rental income helps cover regular financial obligations and reduces liquidity risk when the market slows. She expects that, even if interest rates remain high in 2027, investors with cash may still find opportunities to buy quality assets.

She believes interest rates are unlikely to fall in the short term, so fixed income assets remain worth considering. Beyond deposits, investors can also consider bonds; corporate bonds offer companies a way to raise capital and may provide individual investors with higher returns than deposits. She currently allocates little capital to stocks but said investors can gain exposure by entrusting funds to people familiar with the market or buying fund units.

Discussing overall allocation, she said family offices focus more on the safety and liquidity of a family's entire portfolio than on the growth prospects of individual assets. She advocates ensuring that the portfolio can meet financial obligations before considering growth opportunities; only after paying monthly expenses should investors allocate remaining cash flow to higher risk assets such as Bitcoin.

Source: VietVance