The Right Investment Mindset
November 25, 2019 is the last KSP in this semester. The KSP has the theme "The right investment mindset". This seminar was presented by Dr. Hartanto j., S.Kom., M.Kom., In the opening of the KSP Pak Jun said that if the mindset in investing must be changed first he said "investment is a passive income, it doesn't mean that money works for us, but we have to think about the right thing first in investing ”. Investment always takes into account funds, investment vehicle, objectives, timeframe, benefits and risks.
In the human life cycle our income will go up with our age if we know what we can do. Normally at the age of 20 we can have our own income, at 30 we are married and own a car. At 40 we have children, and hope that at 55 we can retire and our children have graduated from college.
But in fact it is not that easy even though our income increases, our expenses also increase so that in the end we cannot enjoy the results and the lifestyle we built from scratch, but we have to reduce our lifestyle. If we don't want that, we have to start investing as soon as possible, not to mention the inflation that continues to haunt us.
In investing, we must determine the goal of dividing the investment into 3, namely the short term less than 5 years, medium term 5-10 years, long term more than 5 years. Before deciding to invest we have to financially check up the consumptive debt ratio, installment ratio, emergency fund ratio, expense to income ratio. In this KSP explains in more detail how many healthy standard ratios are applied.
The types of investment described in this KSP are property investment, gold investment, bonds, stocks, mutual funds, and finally forex. At this KSP we get information on how to buy it, its advantages and disadvantages. And finally Mr. Jun shared 8 investment steps, namely understanding investment objectives, identifying your risk profile, studying available investment alternatives, understanding the risks associated with it. Determine investment limits according to financial capabilities, determine your investment strategy, take advantage of professional services, and finally maintain your goals
