This is an example why you have to rely on your independent research in a stock market. Instant reference, even from a trustworthy source is not always right.

The things that most people failed to understand is: stock market is a LONG TERM investment. Investing in short term is a zero sum game and thus, more or less like gambling.

Stock, shouldn't be treated like gambling. Unlike togel, stocks has its own underlying asset: the company who runs its business in the real sector. So if the company is doing well, the investors will gain.

In that sense, if economy is growing (and since our modern era it always grow, even with some seasonal contraction), meaning the companies will grow as well. To put it short, as long as the demand is still exist and growing, the economy will grow.

So if you buy the stocks now and let it grow for 5 - 10 years, and then sell to other people, and other people will hold it for 5 - 10 years, and so on, everybody will gain.

The key is, you have to perform a due diligence to the stock that you are going to buy and hold for long term. Make sure the business is sustainable and have a good prospect. If contraction happens, don't panic. As long as everything is under control, it will bounce back.

If stocks is for long term, then what is for short term? Time deposit or any other instrument with guaranteed positive gain. Remember. Short term fund has to be ready to be withdrawn anytime. So when it needed to be withdrawn, you want to make sure that you are gaining something.

But please underline this: BEFORE INVEST, MAKE SURE YOU HAVE SECURED YOUR EMERGENCY FUND

And some of you may asked, "time depo is only around 4%, isn't it too small?" 1. Better than nothing (or negative when it is deducted by inflation), 2. Of course it is small, what do you expect from investing short term?

And please remember, investing, when you have small capital is never an easy money. If someone offers you an easy money investment, it must be : 1. Fraud, 2. Illegal, or 3. Super high risk but hidden.

This is why financial inclusion must be built in parallel with financial literacy. In 2019, Indonesian financial inclusion is at 76% while the financial literacy rate is only 38.03%. It means lots of Indonesian people coming to the financial market without sufficient knowledge.

Most people in stock market try to gamble by investing short term with technical analysis. Techincal analysis is nice to have. But fundamental analysis is a must.

Read the rating report from S&P, Moody's, Fitch, or even Perfindo will be a good start before investing. And don't forget to read industry reports from independent institutions.

Once you master enough, take valuation course to know if the stock you are investing is overvalued or not. This will help you to make a better decision in investment.

Difficult? Of course it is. There's no easy money for small capital investors. If it is easy, it must be: 1. Fraud, 2. Illegal, or 3. Hidden high risk.

But if you can understand the fundamental and understand the valuation, then you may be able to reveal the hidden risk and invest in the high risk investment and gain high (or lose high).

So, still want to follow Raffi or Ari's recommendations?