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Jakarta Post

Financial authorities need to educate new investors

  • Adrian Wail Akhlas

    Jakarta

PREMIUM
Jakarta   /   Wed, January 27 2021   /  01:00 am
A woman walks past a large screen showing the trading numbers on the Indonesia Stock Exchange (IDX) in Jakarta on March 9, 2020.(AFP/Adek Berry)

Capital market experts have called on the country’s financial authorities to ramp up investor education efforts to protect non-professional individual investors entering the securities market with hopes of making a quick buck. Entertainment celebrities Raffi Ahmad and Ari Lasso recently promoted certain stocks on their social media accounts, saying they had made profits from the stocks and encouraging their followers to follow suit. However, new retail investors jumping in headfirst might find themselves caught on the wrong end of a trade, with analysts and traders pointing out that the “celebrity-promoted” stocks were questionable investment options. Among this newly emerging group of “stock influencers” are the President’s youngest son, Kaesang Pangarep, and Islamic preacher Yusuf Mansur, who has recently gained popularity. The two are kn...