Titled “Investing from a Young Age”, the third episode of KSP Special: Bridges To Success, which is the 2021 Holiday Program for High School Students from ISTTS, is one of the KSP events that is quite interesting for high school students and the equivalent. The event, which was held on Thursday, July 1, 2021, invited resource persons who were quite experienced in investment and were a third year ISTTS Business Information System student, Melvern Tamara.
In this event Melvern explained that investment is important and it is better to do it as early as possible. This is said by Melvern because investment is likened to this, so that it is done now and will be useful for a better future. In addition, Melvern also shares tips for starting investments, from preparation to tools that can be used to support investment activities.
Sharing investment tips and tricks that are “high school friendly” Melvern provides Melvern-style pocket money allocation tips with a distribution of 50% for daily needs, 15% for entertainment, 10% for savings and 25% for investment. Melvern also emphasized, to invest we need to use cold money, not hot money. He further explained that hot money is money that is needed in the near future, for example for daily needs. While cold money is money that is not needed in the near future or is needed in the long term. So it is necessary to pay attention so that we do not become FOMO (Fear of Missing Out) people in investing.
Even more deeply, Melvern shares strategies in investment made for the Trading Strategy and Entry/Exit Strategy in preparation for investing. Both strategies must be analyzed in advance and adjusted to your own abilities, so as to minimize us from experiencing large losses. In addition, it is also necessary to approach both fundamentally and technically in choosing companies to invest.
On this occasion Melvern also said that with a lack of understanding of one's own ability to invest and join in because the influence of stock influencers will be very dangerous for us, so Melvern urges us to keep knowing our own ability to invest and conduct our own analysis to choose which one which will be our choice in investing. Through this KSP, Melvern hopes that as a resource, the participants can be better and more careful in developing the future.
