Director Of BCA Reminds People To Be Smarter To Avoid Stupid Investments

JAKARTA - The public is considered to need to increase their insight so that they are smarter and wiser in investing so as to avoid fraudulent investments, said one of the bankers in Indonesia.

"We must always convince customers and provide education, be careful that this fraudulent investment is always there and until now it is still there," said BCA Director Haryanto T Budiman at a BCA Wealth Summit 2023 press conference in Jakarta, quoted from Antara, Thursday 24 August.

For this reason, the public can participate in various educational activities such as seminars and consultations from various parties such as banks to find out more about investment, investment products, and proper investment methods as well as market developments.

All elements of society from young people to parents need to understand the right investment and know various kinds of investment products so that they can properly invest and not be easily tempted by the lure of large returns from fraudulent investments.

In addition, Haryanto said that the public also needs to diversify their investment according to the needs of both short-term and long-term investments.

If you only invest in one type of product, there is a huge potential loss when an unexpected thing occurs that threatens the investment product.

In addition, investment in protection is also important, such as insurance because learning from the COVID-19 pandemic, insurance provides guarantees for personal protection such as health insurance.

Meanwhile, the Financial Services Authority (OJK) said that public losses due to illegal investments reached IDR 126 trillion from 2018 to 2022.

The loss consists of IDR 1.4 trillion in 2018, IDR 4 trillion in 2019, IDR 5.9 trillion in 2020, IDR 2.54 trillion in 2021, and IDR 112.2 trillion in 2022.

The cause of the rise of illegal investment in Indonesia is for perpetrators, the ease of making applications, websites, and offers through social media, as well as many servers abroad. Meanwhile, among the public, the cause is easy to tempted high interest rates and do not understand investment.

OJK will continue to empower the Investment Alert Task Force (SWI) by strengthening its mandate based on the Financial Sector Development and Strengthening Law (UU P2SK) by carrying out cyber patrols and stopping illegal financial activities.