IPOT COMMUNITY Lead Angga Septianus said that during the month of Ramadan many people focus more on charity and religious activities, so there is usually a decrease in investment activity.
“Historically, in the month of Ramadan the JCI transaction volume tends to fall by around 20%-40% compared to previous months. This is due to the long holidays so investors allocate funds for personal consumption,” said Angga, (11/3) .
Meanwhile, some people may choose to hold on to their finances and postpone investment decisions. They still invest, even with small capital. According to him, this was a wise decision.
Starting to invest during Ramadan can also be interpreted as a form of repentance or improvement in financial management.
Starting to invest in the month of Ramadan can be a positive step towards improving personal finances and improving financial management.
To realize good intentions to start investing in the month of Ramadan, he suggested several things.
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First, start with a small nominal amount. Retail investors are advised not to rush to invest large capital. They can start with a small amount according to their financial capabilities, such as money set aside from the lunch budget during fasting.
“Starting investing with small capital allows novice investors to feel and understand the investment process well,” said Angga.
Second, control eye hunger. Many novice investors find it difficult to manage their finances and set aside them for investment during the month of Ramadan.
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In fact, this problem often arises because it is difficult to resist temptation or hungry eyes. So, control yourself from temptations that are only based on desires and not needs and hungry eyes during Ramadan so you can still invest.
Third, set goals and understand the risks. Determine your investment goals clearly, whether for your children’s education, retirement, or other long-term goals.
Investments without a goal are usually just mere discourse. Setting goals will help create a suitable investment strategy. Apart from that, before starting to invest, understand the risks that may be faced and the potential profits that can be achieved.
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“Study different investment instruments and determine how much risk is acceptable,” said Angga.
Fourth, do thorough research on mutual funds and stocks regarding their historical performance, fees and investment policies.
“This information can help novice investors make more informed decisions. By starting to invest in the month of Ramadan, we are not only investing for ourselves, but also for the sustainability of charities and achieving financial goals,” said Angga (Z-3)
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