Home » Business » Kaesang Opens the Beginning of Buying Shares: 2 Months Running Down!

Kaesang Opens the Beginning of Buying Shares: 2 Months Running Down!

Jakarta, CNBC IndonesiaThe youngest son of President Joko Widodo (Jokowi), Kaesang Pangarep, who is now focusing on being a capital market investor, said that at first he entered the stock market, which turned out to be often a loss in the early stages of investment.

Kaesang, who is also the founder of the People’s Stock community, said that he entered the stock market in 2017 while still studying at the Singapore University of Social Sciences.

“I joined the stock market in 2017, at that time I was still in college. At that time I was said to be unemployed because of that knowledge, I could say that at that time I was bored, that’s why I was having fun, what can I do? I’m doing it, I’m looking for education about the stock world,” said Kaesang, in a SimfestLab virtual meeting titled SimInvestLab Fast Track to Become First Class Investor, quoted this Friday (8/10).

In the early days of investing in stocks, Kaesang often suffered losses. This is apparently because he has almost placed all of his shares in the third liner because he does not understand fundamental analysis or technical analysis of issuers.

“Well, I tried it there at the beginning of one month, two months, how come I keep losing, what did I do wrong? It turns out that what I entered was all third-liner stocks, because I really didn’t know,” he said.

Learning from that loss, Kaesang then studied fundamental and technical analysis. There, he realized that not all stocks are good and there are some stocks that are not.

At that time, the shares purchased by the founder of SangPisang produced capital gain for the first time 25-30% of the shares of the consumer goods issuer, PT Kino Indonesia Tbk (KINO).

“The first stock that made a profit of 25-30% was KINO, at that time its valuation was still low. If we analyze it, it can make a profit,” he said.

A few months ago, Kaesang also mentioned a number of his recommended stocks, one of which was PT Bank Ganesha Tbk (BGTG) shares. According to Kaesang, BGTG is a bank that is quite early in digital transformation.

[Gambas:Video CNBC]

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