It is undeniable that along with the development of technology Financial literacy among young people is also increasing. Today, many young people are becoming aware of the importance of managing money and investing.

One of the hurdles faced by young people when it comes to investing is having to upload a Photo ID Card (KTP) for a brokerage firm. The presence of a national identity card is used to determine whether an investor is an Indonesian citizen (WNI) or a foreign citizen (WNA), but for investors without a national ID card, it can be a hindrance to start investing.

However, the absence of KTP does not mean that you cannot invest. Here are some ways to invest without KTP for youth under 17:

1. Ask permission from parents.

The first step is to ask your parents for permission. This is necessary as investors without ID cards must invest using their ID card and parent account number. Of course, it’s unethical to use these documents without your parents’ knowledge.

when requesting this permission There are two things you need to be sure of:

  1. Your parents do not have investment accounts with the relevant securities companies. or not familiar with investing in financial products at all
  2. The name of the ID card holder is the same as the name of the holder of the account book that you use as accommodation or top up investments.

Getting permission is also important. So when you already have an ID card You can send the funds you collect in your investment account to your new investment account. Therefore, neither party was harmed.

2. Filling in personal information in the investment application form

After getting permission from parents it’s time to download investment app. In the Investment Profile column You can enter your name, KTP number and your parent’s account number. Soon the brokerage will ask you to upload a selfie with your KTP, then ask your parents to do this.

And what about the TIN considering the sale of shares is taxable up to 10%? In general, a TIN is not a mandatory requirement to create an investment account. However, if you have one, you can use your parent’s TIN as well.

Even if you are on behalf of your parents But the contents of the investment application are still yours to manage. whether or not your parents donated But the profit is still yours.

3. Use of identification numbers on KK

from multiple sources In addition to using your parent account You can also use your NIK (Population Identification Number) listed in your KK specifically for mutual fund products. This can happen due to investing in mutual funds. Investors do not need to create a Client Fund Account (RDN) to start investing.

You must remember that the National Identity Number (NIK) is not only found on the ID card. but also next to your name on the family card. This number appears when your parents create a new KK after you are born. This number will appear on your ID when you turn 17 or older.

4. Choosing the best investment tools

After creating an account in the investment application Now is the time for you to choose the best investment instrument. To choose the best investment instruments There are several factors you need to consider:

  • capital.
  • time for analysis
  • Accepting risks.
  • Investment knowledge.
  • Destination. The investment objective is important in determining the time frame in which you invest in the relevant instrument.

Due to the above factors, the instrument The best investment for college students is a mutual fund and deposit. Based on assumptions:

  • as a student You can only get paid from your parents pocket money or your own income. But the amount is limited.
  • as a student Your main focus will be on studying. participation in extracurricular activities and socializing with friends Therefore, your time to analyze the market is limited.
  • Financial planning and investments are generally not taught in schools. Therefore, students’ knowledge of investing is limited.

Mutual funds and deposits are This instrument is suitable for novice investors. Because you don’t have to manage your own investments. In mutual funds, money will be managed by investment managers. while deposit The money will be handled by the bank.

Both mutual funds and deposits have their own pros and cons. Investments in mutual funds can start with IDR 10,000 while deposits can generally only be opened with a nominal value of millions. It’s just that mutual funds are more volatile and are not insured by the Deposit Insurance Corporation unlike LPS-backed deposits which are relatively stable, so make sure you know these pros and cons first. and choose investment instruments according to your goals

5. Set aside money for investing in human capital.

Buying stocks, mutual funds, or deposits sounds like a great investment. However, one of the coolest investments out there is Human Resources (HR) investing. This human being also has a higher return on investment in financial assets.

How are you doing? The method is easy and hard, that is to say, study diligently. Take courses to develop your soft skills and hard skills and keep practicing. Although the pursuit of money is not the only goal of education. But it is undeniable that people with higher education earn relatively high incomes as well.

You may or may not think that around you, many bachelor’s degree holders have the same salary or income as those who graduated from high school or even junior high school. This may be true, but at least S1 graduates. There will be higher job prospects than SMA. This can happen because many companies currently designate the S1 level as a prerequisite. especially for office positions

The point is to invest in human resources, either by increasing your level of education or taking certain courses. More or less it will help you improve your standard of living by expanding employment opportunities for both formal and informal jobs.


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