Lo Kheng Hong Highlights the Habits of Indonesian Citizens that He Thinks Make them Poor

Saham News - Posted on 18 March 2024 Reading time 5 minutes

DIGIVESTASI - Indonesian stock investor Lo Kenghong reveals the habits that can lead to poverty. According to him, saving in the bank is not the right choice. Speaking at the Capital Markets Summit & Expo (CMSE), Loh Keng-Hong said, ``The value of our money is decreasing day by day, so when we keep our money in the bank, we are actually losing money and gradually becoming poorer."

 

They also do not engage in other habits such as buying bonds, debentures, or even gold. Since interest rates are not high, buying bonds is not an option. Lo Keng-Hong admits that he only thought about buying the stock. As a result, he became very rich, with assets worth hundreds of billions of dollars. 

 

For example, let's say you make a big profit in the shares of PT United Tractors Tbk (UNTR). That's the beginning of his big profits from stock investment. He says the Indonesian stock market offers the highest returns for long-term investors compared to global exchanges. This has been proven, he said. 

 

"Proven! I'm grateful to be here," says Loh Keng-Hong. 
On the other hand, his achievements are also due to many things. For example, he is very meticulous and spends a lot of time reading financial statements. His actions ensure that Mr. Lo Kenghong does not blindly pick stocks. Furthermore, he said emotional control is one of the keys for stock investors.

 


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Source: cnbcindonesia.com

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