KEPRI POST - Financial Planner and Founder of PT Solusi Finansialku Indonesia, Melvin Mumpuni advises investors to always implement periodic reviews to ensure tracking progress on the capital placed in investment instruments.
According to Melvin in an online discussion entitled "Financial Behavior" which was held on Saturday (3/12), the implementation of an approach related to regular reviews of investment funds can be done at least once a month.
This strategy is at the same time to ensure investment returns are in accordance with investment plans and objectives, both in stock instruments and other capital market products.
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"In line with this, monthly investments should also be able to continue," he added.
But no less important to get optimal results, explained Melvin, investors are expected to recognize the five irrational actions that are often carried out when investing in the capital market.
"Basically, a lot of our behavior is irrational. There are five of them that are often felt by investors," said Melvin.
First, mental accounting, namely the act of giving a certain label to the source of funds without being accompanied by an investment objective or plan. "So, the first irrational act is mental accounting, that is, we give labels," he said.
The second irrational action that many investors do is herd behavior. Obtaining profits from buying certain shares, then proceeding to buy the same shares in the hope of getting even bigger profits.
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"Perilaku herding atau ikut-ikutan ini wajar sebenarnya dan manusiawi. Investor yang pernah beli saham, lalu untung dan selanjutnya excited untuk beli lagi di atas. Tetapi, harganya malah turun dan akhirnya rugi. Tindakan ini perlu untuk dikelola," tutur Melvin.
Ketiga adalah emotional gap, investor yang membeli saham tertentu dan mendapatkan keuntungan besar, namun dinilai pembeliannya terlalu sedikit. Kemudian mengekor saran pihak lain untuk kembali membeli, padahal harga sudah di pucuk.
"Jadi di sini saking happy-nya, keinginan selanjutnya adalah kembali membeli atas saran orang lain, dan akhirnya harga down".
Untuk tindakan irasional yang keempat, Melvin mencontohkan terkait pergerakan salah satu saham blue chip yang pada awal tahun di level 3.900 dan menjualnya pada level 4.500 atau untuk Rp600 per saham.
Then the next stock movement slumped again to the level of 4,000, which in nominal terms this share price was slightly different from the price at the beginning of the year.
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This condition is an irrational action called anchoring, by referring to the 3,900 level as a cheap price. However, many investors are responding to this situation without considering the issuer's financial performance and operational performance.
The last irrational act, explained Melvin, is self-attribution which is generally done by investors by referring to suggestions from analyzes on social media.
On the other hand, this suggestion is also in line with investor confidence that is too high and without competence in the investment sector.