So you've felt that it's time to start investing. Where should you begin?

First, determine your #GoalsKamu, what are you investing for?

Sure, financial freedom is our ultimate goal. But who can save when regular bills arrive, discounts are unpredictable and living expenses keep mounting? Life is always changing and new needs and wants emerge every day, so we need wisdom in determining our financial priorities. Not only to achieve financial freedom, but also to determine which dreams we can achieve sooner or defer. Ideally, you should be able to at least complete the following sentence: "I will need _____ in _____ years for _____ because _____". This simple sentence will become the justification and motivation for why we need that money.

Start investing by registering directly with an Investment Manager, a partner bank or a mutual fund marketplace

How do you determine the right place to invest? With an Investment Manager, you will be guided directly by their team and receive various privileges, such as invitations to market outlooks that will enhance your knowledge. If you go through a partner bank, you will also benefit from various programmes such as auto-debit that will help you invest regularly. Meanwhile, for those who prefer the freedom to choose, you can use a mutual fund marketplace with various features to compare performance. Registration is relatively straightforward; you just need to fill out a short form, provide a photocopy of your ID and then wait 1x24 hours for verification.

Choose a mutual fund that matches your #GoalsKamu on your chosen platform

High risk, high return. It's time to choose a mutual fund that suits your goals. If your target is long-term (more than 3 years), you can choose a mutual fund that projects higher returns. Conversely, if your target is short-term, it is recommended to choose a mutual fund with lower risk.

Start buying and transacting in your mutual fund

Purchasing a mutual fund is quite straightforward. Basically, you just need to select the mutual fund you want, verify its performance in the Fund Fact Sheet and Prospectus, and then click the "buy" button. After that, you will receive information about the payment method. Payment can be made via bank transfer and you just need to upload proof of transfer.

Monitor your mutual fund

After the transfer, it usually takes 1x24 hours for your mutual fund purchase to be recorded. After that, you can continue to monitor the growth of your mutual fund on the platform where you made the purchase. Each month you will also receive a report on your investment growth. You can also diversify your investments across different types of mutual funds, for example, your holiday savings in a money market fund while your house savings in an equity fund.

When monitoring your mutual fund's growth, don't worry about price fluctuations, as mutual funds are not designed for trading but for long-term investment. Just make sure that your investment does not continue to decline for at least 2 weeks, then it is still considered safe. Your chosen Investment Manager will definitely work to ensure your investment does not continue to decline because your investment performance is also their credibility.

Also read:

How do I buy mutual funds online?

How do I invest in mutual funds in Indonesia?

How do I choose a mutual fund?