Speculation is not investment
A wise reader, in this article I want to say that after we evaluate income next step is to conduct financial planning to meet future financial needs.
Before we discuss it, we wanted to answer some questions relating to past articles. Many stated that the examples in the article and then the amount of income large enough, can we explain that the most important thing is not seeing numbers and behold formulation, the key is not the amount of income but apply formulations included in the calculation of income so that income is fair condition.
So if the formulation (in a past article) applies then the end result is the potential increase in assets. Once again, that the potential increase in asset size does not depend on income but place the position of your income in the range of reasonable pengahasilan corridor to the ideal, to count please use the formula which can be read in an article earlier.
The following questions from readers is how we make savings?
There are simple tips that easy but it requires discipline which make dafttar needs and not wants. Eg educational needs of children, very much if the parents force myself to pay higher costs in a private school while the amount of income is barely adequate, more prudent to send children in schools of the country.
In the case of private schools is a desire rather than the needs of parents, contrary public schools is a necessity rather than desire. Then make a scale so the priority needs and desires so that it can lead to savings.
So now let us enter the next phase, after conducting an evaluation on income and make a list of priority needs and desires of the following stages is to make its calculation of the quantity requirement. The first step before doing the calculation you need is grouped into 3 (three) categories: 1.Kebutuhan short term, the goal of achieving <3 years; 2.Kebutuhan medium term, the goal of achieving 3 to 5 years; 3.Kebutuhan long term, the goal of achieving> 5 years.
After conducting further grouping is to estimate the amount of the funds needed in the future, use the calculation method 'Time Value of Money' or 'Time Value of Money', a simple example of the calculation of education funding, eg funds of funds university is required to enter the current (year 2010) amounted to USD 80 million, -. Funds must be available in 2025, then the time available to prepare these funds is 15 years counted from the moment.
Do not forget to calculate the increase in the amount of funds each year to use the average inflation rate in Indonesia (data obtained from the Central Bureau of Statistics) multiplied by 1.5. Why do so because based on our research, education cost increases exceeding inflation country wherever located.
Here is a simple example, if the average inflation rate in Indonesia is 9%, then to calculate future tuition inflation factor to be 9% x 1.5 = 13.5%. So to get the education fund for 15 years will use the formulation of future value or known by the name of 'Future Value' the following formula: FV = PVx (1 + inflation) so that future education fund is: FV = USD 80.000.000x (1 + 13.5%) or equal to USD 534 598 714, - and if funds are drawn from the now well placed on the investment return rate 18% the amount of funds invested each end of the month (when the receive salaries) amounted to USD 590 310, -.
Then where do I put those investment funds for education?, It would be wise if you are able to invest properly and avoid speculation. The first step should be done is to make protection of wealth (wealth protection) prior use of traditional life insurance with a kind of yearly Renewable Term (YRT) to protect your family if it's your age (sorry) it was not long enough.
How much money life insurance coverage that must be accepted by your family in order to fulfill the education cost?
We recommend a range of money life insurance coverage equal to 60% through 100% of the value of future education funds of Rp 321 million to $ 535 million, with a range of life insurance premium for an insured (with a sample of age 35 years) that is equal to Rp 700,000, - up to Rp 2,000,000, - per year.
So if you have 35 years of age (as an example) and with the money offered life insurance coverage of Rp 535 million and then you have to pay a premium above Rp 2 million each year it has been ascertained that this insurance is not right, please you are looking for other insurance products have a range of premium in the range of the amount above, because after all life insurance products is very wide range.
Next is the placement of investment funds for education, our advice is to place these funds in an equity fund with the amount of USD 590 500, - per month and is accompanied by the achievement of profit target of at least 18% every year.
Why is placed on mutual funds? This shall be done for those who are busy and do not have sufficient competence to trade stocks directly. The advantage of placement of funds in mutual funds is that you do not have attempted to monitor the investment effort every day because of the mutual funds managed by Investment Managers who have passed the test of competence in his field, he is responsible for monitoring the day to day. Like a driver in question has a license (Driver's license) the right with a fairly sophisticated vehicle so that the risk factor becomes smaller.
There are entries that you should consider before you decide you want to buy a mutual fund that is for safety's sake buy a mutual fund that has a legal basis' Kolekti Investment Contracts''or mutual fund known as KIK, avoid claiming a mutual fund investment but is actually a 'Discretionary Fund' or rupture, this is a 'Discretionary Fund'. Why is that? Because the entire portfolio of mutual funds KIK or 'guts' of investment was recorded at an agency named 'Bank Custodian', so that the entire movement of mutual funds are easily detected either by the Custodian Bank and supervised by the Supervisory Board as institutions in the capital market supervisory authority.
But for those who love to invest in shares directly, not really interested in mutual funds, for this group is essential to conduct training in trading shares first, so they can perform both fundamental stock analysis and technical in order can reduce the existing risk factors. Never trade stocks without a good training because you will fall in speculation rather than investment.
Boundary between speculation and investment is very thin. To avoid speculation and you absolutely must have sufficient competence. It also fits with input from partners in the field of stock analysis expert Wealth Acceleration named Anton Seloaji stating that good training will bring you to a qualified investor, so the risk can be managed properly and be able to maximally suppressed.
Our advice to those who make direct equity investment should not necessarily put 100% into the investment portion of the investment portfolio of shares, but can be done on a regular basis and increase gradually. Because, we need the experience and success is a learning experience.
So true success is the result of learning. Without learning success as a coincidence and chance is the biggest part of speculation. Thus the reader is wise to invest in good-not speculation.
Taufik Gumulya, CFP ® Financial Planner & CEO at TGRM Financial Planners. (Qom / Qom)
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