OJK says there are still many who are lulled by stupid investments with the lure of high interest

JAKARTA, KOMPAS.com – The Financial Services Authority (OJK) noted that the level of capital market inclusion and investment continues to experience growth. However, this growth was not accompanied by investment understanding or literacy.

Member of the Board of Commissioners for Consumer Protection, OJK Tirta Segara, said that currently capital market and investment products have begun to be accessed by people in various regions, no longer concentrated in big cities.

However, the level of understanding of investment products is still very low.

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“This is only 5 percent of literacy. They generally do not understand that there are several concepts (investment),” said Tirta in a virtual discussion, Tuesday (13/4/2021).

The lower level of literacy compared to inclusion is one of the points highlighted by Tirta.

The reason is, this then resulted in the practice of illegal investment continuing to exist and victims of fraud continue to emerge.

According to him, many people do not know the basic concepts of investing, such as principles high risk, high return.

This has left people lured into illegal investments with the lure of high interest or returns, but low risk.

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“People are often lulled by promises of high interest, high returns without risk,” said Tirta.

“For example, PT Duta Invetindo offers an investment package with a profit of 10 percent and some even offer 30 percent in 7 days. I repeat this is not 1 year, but 7 days. It doesn’t make sense,” he added.

OJK through the Investment Alert Task Force (SWI) continues to disseminate information to the public. Thus, the public is expected to be more careful in investing.

“But it is very unfortunate that there are still many community members who believe in illegal investment offers,” said Tirta.

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