Investor Lo Kheng Hong Urges Stock Investors To Be Patient: Don't Listen To Influencers Who Makes You Impatient!

Lo Kheng Hong. (Photo: Doc. HR ITB)

JAKARTA - Seasoned investor Lo Kheng Hong is a great example of a long-term stock investor. He is not a short-term trader, who often stares at stock prices every day.

For that, if you want to become a long-term investor like the man nicknamed Warren Buffet Indonesia, of course, you need to have a high level of patience. Lo Kheng Hong also gave a number of tips so that an investor can be patient in waiting for Mercy shares, the price of Avanza to be purchased can go to a high price when sold.

"Learning to be patient is if we buy something that we know, of course we can be patient. If we don't know what we are buying, of course we can't be patient," said Lo Kheng Hong in SPOD broadcast on Syailendra Capital's YouTube account, quoted Thursday, March 31.

Furthermore, according to the man who is familiarly called Pak Lo, if we don't know anything about the shares being bought, it's like buying a cat in a sack so it's hard to be patient later. In addition, another thing that often makes it difficult for an investor to be patient, is because when buying shares he hears about pompom influencers.

"How can we be patient if we buy it because we hear about pompom influencers, how can we be patient," said Lo Kheng Hong.

Investors can be patient, he said, because they have read the issuer's financial statements so that they know how much sales, profits, capital, debt, to the price to earnings ratio, and price to book value.

"We know everything, we know this is a Mercy, the price of Avanza, of course, we have to be patient. Unless he buys a cat in a sack, he doesn't know what he's buying, so how can he be patient and be upset. Be careful with stock influencers. No, it's dangerous. Don't listen," concluded Mr. Lo.