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Young Indonesians storming the stock market
Success stories among their peers and a plethora of user-friendly investing apps are luring ever more young Indonesians into the stock market, but some learn the hard way that risk and opportunity go hand in hand.
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Indonesia Stock Exchange (IDX) is trying to woo big tech start-ups by allowing them to use SPACs and conduct dual-class listings, both hot topics among tech start-ups worldwide. (Antara/M Risyal Hidayat)
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uccess stories among their peers and a plethora of user-friendly investing apps are luring ever more young Indonesians into the stock market, but some learn the hard way that risk and opportunity go hand in hand.
According to a new Financial Services Authority (OJK) report, the number of investors, or people holding a single investor identification (SID), reached 14.21 million on Oct. 22, up 17 percent since the beginning of the year, and 55 percent of them are now below the age of 30.
“[This] shows the growing interest in the capital markets among the young generation,” states the report, which was published on the OJK’s Instagram account on Oct. 25.
Many of the new generation are active stock-pickers rather than entrusting their funds to a mutual fund.
One of those investors is Isya Yusril, a 27-year-old entrepreneur who began dabbling in the capital market seven years ago. What drew him to stocks was that one could get going with a small sum.
“I only needed to have at least Rp 100,000 [US$6.36] to start. [The reason] why I like investing in the capital market is because there are not many obstacles for young people who don’t have much money,” he told The Jakarta Post on Tuesday.
He admitted to experiencing investment losses and low returns during his early years.
