To my fellow investors, if you are wondering why IHSG is stuck down below and wondering whether it will go back to 5800 or above, then this information might be helpful.

Since the beginning of 2020, foreign flow has a negative value of 43 trillion Rupiah. The exchange rate from IDR to USD has shown a huge spike since mid of February until beginning of April. It declined sharply until beginning of June, but then it inclined steadily again from that moment until now. It means that foreign investors are selling off big time this year and they are truely moving out their funds from our country.

The reasons may vary. It can be that foreign mega corporations need more liquidity in times of crisis in order to prevent bankruptcy. It can also be that Indonesia is currently not showing "desireability factor", which ranges from 2nd enactment of Large Scale Social Restrictions (PSBB) to uncontrolled handling of covid-19 crisis.

Unfortunately local funds are not strong enough to counter back their massive sell off, even though local funds constitute about 65% of total money in $IHSG this year. It's a big irony indeed.

We have 274 millions of human resources which could be properly developed to be a strong nation. We have produced more than 679 million metric tons annually of various minerals which we can extract and process to create unlimited high quality products. We have more than 300,000 species of flora and fauna which can benefit our lives in many ways. And yet we were never the MASTER of our own country.

We have been conquered by VOC for 300 years. Then several years by the British and Japanese. We have 10x more people than our invaders, but we were easily submitted, due to our primitive mindset and technology. We have lack of human resource quality which can compete with international standards. We have troublesome bureaucracy which inhibits more than 5 thousands of businesses to thrive. We have more than 2 million of government employees which only care about their own welfare and their family's wellbeing. We have been dominated by massive imports of high quality products which were derived from our own minerals. Our local product quality was no match for them, but we frequently complain if we lose to competition. We have too much reliance on USD which made us more vulnerable to crisis if the price surges. We are eventually the SLAVE in our own country.

It's a sad story indeed, but nevertheless a REALITY of life.

So how can we overcome this ?

We can start by closing our eyes and meditate a bit. We can start to ponder why all of this sh*t is happening in Indonesia. Perhaps we should start to realize that what we've been doing all this time is actually wrong. The way we think about something should probabily be changed.

Perhaps it is time to change our mindset. Perhaps it is time to decide that we no longer want to follow misleading doctrines from other people. Perhaps we should stop being a fanatic follower and become our own leader instead. Perhaps we should individually make our own decision without negative influence from others.

Specifically in the realm of stocks, perhaps we should realize that stock is not about getting people rich in short time. Perhaps it's not about following people who help us gain money quickly. Perhaps it's not just some virtual entity which can be easily exchanged between numerous party. Perhaps it's not just about obtaining CAPITAL GAIN by making other people lose. And perhaps there's something more essensial that transcend beyond all of that.

So my fellow brothers and sisters, let's look at ourselves in the mirror, and ask yourself these questions:

Should I be happy if I gain profit from people that lose ?

Or should I be happy when the value of a company increase in accordance to their performance ?

:champagne: :champagne: :champagne: Happy investing and enjoy your new motorcycle, your new car, your new apartment, or your new house in 2021 :champagne: :champagne: :champagne: