In Front Of The Cat Avian Boss Of Conglomerate Hermanto Tanoko, Lo Kheng Hong Admits He Has The Principle Of Not Wanting To Go Into Debt In Investing In Stocks

JAKARTA - Seasoned investor Lo Kheng Hong has a principle of not wanting to go into debt, especially in investing in stocks. But is it true that he never owes anything at all?

The conglomerate from Surabaya who is also the boss of Cat Avian, Hermanto Tanoko in a podcast on his personal YouTube channel, asked Lo Kheng Hong about this.

"That (no debt) started from the start, Mr. Lo, investing in stocks?" asked Hermanto Tanoko quoted, Friday July 1st.

Lo Kheng Hong also answered the question. And Pak Lo, as he is familiarly called, turned out to be in debt at the beginning of his journey as an investor in stocks.

"Oh, I used to be in debt, sir, when my money was small. But after this big, I don't dare to go into debt," said the man who is known as Indonesia's Warren Buffet.

Then Hermanto Tanoko asked Mr. Lo's advice for his podcast viewers regarding whether or not to borrow or invest in stocks.

"I'm not in debt, of course my advice as a stock investor should not be in debt. It doesn't mean that debt doesn't have any benefits. Debt can also be done, if the market is booming, the profits will increase a lot," said Lo Kheng Hong giving advice.

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On the other hand, according to Lo Kheng Hong, the value in the stock market will continue to rise. The exception was at the initial moment of the pandemic in April 2020 when the JCI sank to the level of 3,900.

"Suddenly what brought stocks down was not interest rates going up but a virus that made stock prices fall. We don't know. So there are things outside of our minds that can make stock prices fall that we don't know. debt can run out at that time," said Lo Kheng Hong.