Investing is gambling in disguise for many Indonesians
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Deni Ghifari (The Jakarta Post)
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Jakarta ● Sat, November 26 2022The ever-rising number of online investing platforms has some young Indonesians wonder whether they are in fact investing, or rather gambling, given the blurred line between the two.
“Capital market players who value investment instruments as gambling opportunities is somewhat unsettling, because without analysis and risk mitigation, investment does become a gamble,” said Isya Yusrilyahya, director of PT Sinergi Selaras Kapital, a Jakarta-based investment advisory firm.
Putting money into new investment instruments like cryptocurrency and nonfungible tokens (NFTs), admits Ajay (not his real name), is somewhat closer to gambling than investing due to the extreme volatility.
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