Jakarta, CNBC Indonesia – Investment is one of the most important things to do to achieve financial goals in the future. But remember, investing is not easy.
Andry Hakim admitted that this was true. This well-known successful young investor said that there are at least 3 principles that need to be met to be successful in investing, including time, skills and capital.
However, of the three principles, according to him, timing is very important in investing. It takes sufficient time to study or find out what stocks to choose. Apart from that, market analysis of the shares is also needed.
“Of the 3 most important things is time, no matter how rich we are, we can’t buy time,” explained Andry CNBC Indonesia Investment Expo 2023, Thursday, (14/9/2023).
Next, the second most important thing is related to skills. Without proper skills, he believes it is very difficult to invest. Only after that is it related to Capital.
“We see that beggars in the United States who get the lottery are still beggars, no matter how little money you can buy it, you can be successful, if the risk is low, it means longer time, wealth is how smart the money is. So it depends on how smart the money is. It doesn’t have to come from shares, “if the money is big, the market has absorption capacity, the more money there is, the more it will be absorbed by the market, the treasure is on the stock exchange,” he explained.
To invest yourself, he continued, you need courage. Even when the market is sluggish. The reason is, without courage, he said, investors will not know whether their decision in determining investment assets was wrong or not.
“If people in the market are sluggish, I’ve made a profit of 400%, of course I’m investing in the right place. I’m willing to take risks, if I don’t try I don’t know, it’s better to try and be wrong, if I’m sure people are saying how I’m full of power, ” he explained.
Here’s an easy way to know when your investment will return