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Jakarta Post

Digital investment applications for millennials increasingly promising

  • Intan Rachmaniar

Depok   /   Fri, December 27 2019   /  01:31 am

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 and overseen by the Fi...