UNAIR NEWS – At young age, even if you are still a student, can be the right moment for someone to start investing. The earlier a person to be investment ‘literate’, the greater opportunity for them to achieve financial freedom when they are old.
With this background, the Directorate of Career Development, Entrepreneurship Incubation, and Alumni Affairs (DPKKA) Universitas Airlangga (UNAIR) through the Airlangga Career Club held a webinar titled Smart and Simple Investing in the Digital Era. Raymond Iriantho as the speaker explained that everyone should be able to allocate funds smartly.
“Don’t just spend money for pleasure or daily needs, but saving for the future is also very important,” explained the Financial Mentor of Bibit.id.
One way to save, according to Raymond, is to invest. He mentioned several reasons why someone needs to invest. The first reason is Inflation. Over time, Raymond said the price of goods and services will rise. Therefore, when someone saves their money only in a bank or a piggy bank, the value of that money will weaken. Next is Opportunity Cost or loss of time that cannot be repeated. The point is that when we delay investing until adulthood, the capital needed will be way more and the time wasted can make the amount of our savings even bigger if we start saving from a young age. An equally important reason is the Human Life Cycle or someone can not work productively forever so it is necessary to prepare a pension fund early on.
“The last reason is Financial Freedom. We work to get money, but when the money is invested, over time it will increase in number and can finance our lives in old age,” he explained.
Raymond Iriantho, Financial Mentor of Bibit.id presentation in the Airlangga Career Club webinar.
In choosing the type of investment, Raymond said that mutual funds could be the right choice. The reason is, mutual fund purchases can start from 10,000 thousand and are suitable for various risk profiles and time periods.
“Don’t be afraid to start investing early so that in old age we can retire early. The key to investing is the discipline of saving,” he emphasized. (*)
Author: Nikmatus Sholikhah
Editor: Feri Fenoria
