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Jakarta Post

Digital investment applications for millennials increasingly promising

  • Intan Rachmaniar

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PREMIUM
Depok   /   Fri, December 27, 2019   /  11:09 am
Digital investment applications for millennials increasingly promising There are many investment applications that attract young investors. These applications must have been licensed and overseen by the Financial Services Authority (OJK). (JP/Damar Harsanto)

The rise of investment support applications makes it easier for millennials to choose a container that can facilitate their needs. In this era, millennials prefer things that are simple, such as digital investment solutions. Investment is the action of using funds for a certain period of time with the aim to generate profit. Before the digital era entered Indonesia, investment could only be done conventionally, such as by opening an account with a bank. For example, if someone wants to buy reksa dana (mutual funds), he or she must personally approach a bank or office that provides mutual fund services with the aim of opening an account. Once the account is ready, the investor can only buy mutual funds with a minimum purchase of Rp 500,000 (US$35). But now, there are many investment applications that attract young investors. These applications must have been licensed...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.