DDHK.ORG - One of the problems of people working abroad is buying investment products. This time we will discuss investment products that are safe for migrant friends.
Before deciding to invest, you must first know that investing is not a shortcut to getting rich. Investment is a vehicle that we can use to realize financial goals. Let's look at the following illustration:
Riana wants to have her first 100 million rupiah. Working as a migrant worker in Hong Kong, Riana has an income of IDR 7 million per month. Currently, he already has Rp. 20 million in cash. How can investment help Riana to reach her first Rp100 million?
If without investment, Riana must save as much as:
= IDR 100 million – IDR 20 million
= IDR 80 million
If Riana could save IDR 4 million per month, then she would need as long as
= IDR 80 million / IDR 4 million per month
= 20 months
That's even if Riana keeps her own savings. If the savings are deposited into an account at a bank, of course it will take longer, because the amount of savings will be subject to an administrative discount every month.
Then what if Riana saves her money in investment products that have yields? If Riana invests IDR 4 million per month (target return on investment of 12% per year), then Riana only takes 18 months.
Investment Product for PMI and Suitable for Beginners
So, what investment products are suitable for Migrant friends who are just starting to invest? Here's advice from Personal Growth & Financial Microblogger Setiawan Chogah for my best friend:
1. Deposit
Time deposits are actually less suitable to be categorized as investment products, because deposit interest is more or less similar to inflation.
Time deposits are suitable for bailouts/emergency funds for sudden or emergency needs.
2. Money Market Mutual Funds
Money market mutual funds are the safest mutual fund products, because they contain deposits and debt securities with maturities of less than 1 year.
Because they are safe and easy to liquidate, money market mutual funds are suitable for emergency fund needs or for short-term investment (1-3 years).
Buying mutual funds, you can also choose conventional or sharia mutual fund products, according to your needs.
3. Gold
The next safe investment product is gold or saving gold. Now almost all Islamic banks have a gold saving program. Gold is more suitable to offset inflation (increase in the prices of goods). In addition to Islamic banks, you can also save gold at the Pegadaian.
4. Government Securities
Government Securities (SBN) are investment products issued and guaranteed by the Government of the Republic of Indonesia to Indonesian Citizens. SBN is an alternative investment product that is safe, easy, affordable and profitable. Through SBN, Sahabat also participates in state financing and development, you know. The funds collected in SBN will be used by the government to fund priority programs in equitable development, education, and health in Indonesia. In addition to being able to contribute to helping the country, it is safe, it can also be profitable. Fun, right?
In general, SBN consists of two types, namely conventional and sharia. Conventional SBN consists of Retail Savings Bonds (SBR) and Retail Government Bonds (ORI) which are categorized as Government Bonds (SUN).
Meanwhile, Savings Sukuk (ST) and Retail Sukuk (SR) are classified as State Sharia Securities (SBSN). SBSN is issued based on sharia principles, as well as evidence of the share of participation in SBSN assets both in rupiah and foreign currencies. By using a contract and being managed based on sharia principles, sukuk do not contain elements of usury (usury), maysir (gambling) and gharar (obscurity).
Where to Buy Mutual Funds and SBN?
This may be a question for you. In this increasingly sophisticated era, you can start investing in mutual funds and SBN just from the palm of your hand, really. Friends can download the investment application through the cellphone that you have and please create an account. Setiawan recommends several applications that you can use, including: Bareksa and Seeds.
Opening an account at Bareksa and Seeds can be done anywhere. However, for Indonesian citizens who work abroad, they must prepare an ID card/certificate/receipt and a bank account in a personal name registered in Indonesia and make sure it is not a QQ account (the account in the name of the parent).
Payment method
Do not worry! Friends can make transfers at commercial banks such as BRI, BNI, Mandiri, and BCA in Hong Kong. Several other banks also cooperate with payment partners abroad, such as Western Union, MoneyGram and so on.
How, interested in starting your first investment? (DDHK News)
