The Young Generation Needs To Be Given Understanding So As Not To Be Trapped In Stupid Investments

The phenomenon of crazy rich affiliate binary options is currently in the spotlight in Indonesia. The reason is, this trading game, which is followed by many people, has resulted in losses of up to billions of rupiah. This proves that if the knowledge and understanding of the Indonesian people's finances regarding investment is still relatively low, the enthusiasm and desire to improve economic conditions is quite high

 

According to the OJK financial literacy and inclusion survey in 2019, Indonesia's financial inclusion has reached 76%. However, this is inversely proportional to his literacy which only reached 38%. Seeing the low level of financial literacy in Indonesia, Bibit.id together with the Financial Services Authority (OJK) and inviting academics from the University of Indonesia, held an educational webinar entitled "Building a Smart Investment Generation in Indonesia", to provide knowledge to the public on how to manage finances by investing well and correct.

The Deputy Director of Literacy and Information at OJK, Yulianta, revealed the importance of investing and saving to achieve the desired life goals. “Investments are made to deal with dynamic economic conditions. However, financial conditions must be managed effectively and efficiently, such as understanding financial conditions, considering needs and desires, being wise in debt, setting aside income for investment or savings, and ensuring the financial services or platforms that are followed are registered with OJK or other regulators.”

 Since 2018, the OJK Investment Alert Task Force has closed 1,014 illegal investments, 3,784 illegal online loans, and 165 illegal pawning entities that have caused a total loss to the public of up to IDR 117.4 trillion. This shows how important it is for the public to know the characteristics of fraudulent/illegal investments that easily make claims without risk, take advantage of public figures or influencers to attract interest, promise unreasonable profits in a short time, have unclear legality, and promise bonuses if recruit other people.

Yulianta added, "The right investment tips are to recognize your personal risk profile, invest not from debt results, monitor investments regularly, invest consistently, be oriented towards long-term investments, and most importantly pay attention to legal and logical factors."

 Who want to start investing:

Bibit.id is a mutual fund investment platform that is very suitable for novice investors or the public who want to start investing. Equipped with the Robo Advisor feature, a technology that can analyze the user's tolerance for appropriate investment risks, to help produce effective financial planning and management in achieving predetermined investment goals.

 “The seed.id application has been integrated with other players in the digital ecosystem, such as banks and fintech, which can make it easier for users to invest. In addition, Bibit.id also offers an auto debit feature for users to support consistency, mutual savings features, sharia mutual fund products, and provides government bond purchasing services through the Bibit.id platform, "explained William, Lead PR & Communication for Bibit.id.

The importance of improving financial literacy was also expressed by Teguh Dartanto, Ph. D., Dean of the Faculty of Economics and Business, University of Indonesia, “Financial literacy is important because every month people have income, but it does not necessarily guarantee a prosperous future, Thus, financial education and investment counseling, especially to the younger generation, is very important to support the future of the community's economy."

 “In addition, the current type of investment is very diverse. For example, there are stocks, gold, mutual funds, deposits, land, and so on. However, now there is also a Bibit.id service that can be used by the younger generation to invest with small capital and an easy way,” concluded Teguh.

 Bibit is a mutual fund and SBN investment application to help novice investors start investing and achieve their financial goals without commission fees. Currently, Bibit is the leading Robo Advisory platform in Indonesia, which is licensed and supervised by the Financial Services Authority (OJK) as a Selling Agent for Mutual Funds (APERD) and appointed by the Indonesian Ministry of Finance as the Official SBN Distribution Partner.

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