How do you guys invest?

snpark said:
For property it's rental plus capital appreciation of the land and building

Rent it for 5 years and sell it for x2 in 5 years. That's the theory.
Depends on the location and future plans for the area
Click to expand...
How did the gold trading go? Made money?
 
Helpful Herbert said:
How did the gold trading go? Made money?
Click to expand...
Yes and still
Also the guesthouses in Bali. We have trebled our prices and still fully booked and waitlist

Building #4 as we speak
10 jt a month for a small room
20jt a month for 50sqm 1bed apartment

Compare that to even the most expensive Jakarta kos. Crazy! But demand is ridiculous

Some influencer that does videos even stopped a girl in the street and asked her rent and she took him and showed it off
 
I have an idea. Bring in 1key of Charlie
Sell it. Get $10k
Get arrested
Lifetime visa and free b n b
 
Hey guys,

what are your thoughts regarding Sea Bank at the moment? We already discussed that bank some months ago here. Has anyone experience with their deposito already? My wife (WNI) just got the offer that she gets up to 1,200,000 IDR bonus if she opens a deposit. I think this offer is valid for all WNI that do not have a high amount on the deposit yet. The maximum 1,200,000 IDR bonus she will get if the amount on the deposit is at least 120,000,000 IDR. If I undestood correctly, one month deposit is sufficient. To me, that sounds very interesting (1 % bonus for one month deposit...and since the interest is quite attractive, we could also imagine to extend the deposit afterwards).

But I always get a bit skeptical regarding offers like this. Do you guys think putting money on a deposit there is safe or are there any news/rumors/experiences that one should know of regarding Sea Bank?
 
make_batik_great_again said:
Hey guys,

what are your thoughts regarding Sea Bank at the moment? We already discussed that bank some months ago here. Has anyone experience with their deposito already? My wife (WNI) just got the offer that she gets up to 1,200,000 IDR bonus if she opens a deposit. I think this offer is valid for all WNI that do not have a high amount on the deposit yet. The maximum 1,200,000 IDR bonus she will get if the amount on the deposit is at least 120,000,000 IDR. If I undestood correctly, one month deposit is sufficient. To me, that sounds very interesting (1 % bonus for one month deposit...and since the interest is quite attractive, we could also imagine to extend the deposit afterwards).

But I always get a bit skeptical regarding offers like this. Do you guys think putting money on a deposit there is safe or are there any news/rumors/experiences that one should know of regarding Sea Bank?
Click to expand...
Promo ini ..

 
Trust me if they are "giving" you 1.2jt they will find a way to get 2.2jt back from you

Who is paying? You sure can withdraw all your money a month later no penalty and the 1.2 jt?
Try and then let us know, maybe you can use us as referrals and get 50% off Starbucks every 2nd Thursday in Ramadan (min charge 200rb, dine in only, valid in PIK)
 
Balifrog said:
Deposit 120 million to chase 1%.....

Rolleyes...
Click to expand...

Nope, we were already thinking about opening a deposit there anyway since the interest rate is quite attractive. But of course, if one already thought of trying the deposit and service of them, why not taking the 1% extra?

And by the way, if it is really 1% extra on the full amount for a one month deposit, you can easily calculate the % p.a., can‘t you? This is a really good yield then.
 
snpark said:
Trust me if they are "giving" you 1.2jt they will find a way to get 2.2jt back from you
Click to expand...

Yes, I am also always careful and sceptical when it comes to financial offers like this. In this case, it seems to me that it is an offer to attract new customers. But better safe than sorry, so I am looking for more information and people who already have experience with them.
 
make_batik_great_again said:
Yes, I am also always careful and sceptical when it comes to financial offers like this. In this case, it seems to me that it is an offer to attract new customers. But better safe than sorry, so I am looking for more information and people who already have experience with them.
Click to expand...
It's not uncommon for banks and fintech companies to offer incentives during promotional campaigns, to get new customers, deposit even if it means they might incur a loss. However, it's essential to note that such offers are typically short-term, in this case it is only lasting for one month. And As I understand it not everyone could get it, you must get an invitation.

Additionally, these promotions is likely to have a stipulation that the saving must be maintained for a longer period one year (say) preventing withdrawal within the first month.

In your situation, since you plan to keep your money in the bank regardless, the IDR1.2 million bonus is essentially an extra benefit. If the annual equivalent rate (AER) offered is competitive in the market, it becomes a favourable proposition, providing both the bonus and a leading interest rate.

Sea Bank is owned by a reputable company Sea ltd. While Sea Bank claims to be covered by the Indonesian government deposit guarantee scheme LPS (Lembaga Penjamin Simpanan) on their website, I couldn't verify this information on the LPS website (https://www.lps.go.id/).

It's crucial to be aware that in Indonesia, if the bank subscribe to LPS, theoretically, any savings account up to IDR2 billion is guaranteed by the LPS, the Indonesian government. However, also keep in mind this is Indonesia.

The way I see it like this. If you were to deposit IDR120m in another Indonesian bank, you would likely encounter similar risks. But here you get bonus of IDR1.2m. But this is not a suggestion, just personal opinion. Do it with your own risk.
 
Last edited:
pantaiema said:
It's not uncommon for banks and fintech companies to offer incentives during promotional campaigns, to get new customers, deposit even if it means they might incur a loss. However, it's essential to note that such offers are typically short-term, in this case it is only lasting for one month.

Additionally, these promotions is likely to have a stipulation that the saving must be maintained for a longer period one year (say) preventing withdrawal within the first month.

In your situation, since you plan to keep your money in the bank regardless, the IDR1.2 million bonus is essentially an extra benefit. If the annual equivalent rate (AER) offered is competitive in the market, it becomes a favourable proposition, providing both the bonus and a leading interest rate.

Sea Bank is owned by a reputable company Sea ltd. While Sea Bank claims to be covered by the Indonesian government deposit guarantee scheme LPS (Lembaga Penjamin Simpanan) on their website, I couldn't verify this information on the LPS website (https://www.lps.go.id/).

It's crucial to be aware that in Indonesia, if the bank subscribe to LPS, theoretically, any savings account up to IDR2 billion is guaranteed by the LPS, the Indonesian government. However, keep in mind this is Indonesia.

The way I see it like this. If you were to deposit IDR120m in another Indonesian bank, you would likely encounter similar risks. But here you get bonus of IDR1.2m. BUt this is not a suggestion, just personal opion. Do it with your own risk.
Click to expand...
Responding to this, banking observer, Paul Sutaryono, said that digital banks do have advantages over conventional banks because they can reach a wide audience through information technology tools.

This advantage is an opportunity for digital banks to obtain funding and potential income from fee-based income (FBI) quickly as a source of profitability.

"Digital banks have the advantage of reaching more customers by relying on IT infrastructure. This means that funding, including fee-based income, will be obtained more quickly. Why? Because there are more customers, so there are more financial transactions," said Paul, when contacted by CNBC Indonesia.

"In theory, a bank that offers high interest rates on deposits, such as deposits, means that the bank is in need of large funds. This means liquidity is less strong," he said.

However, the risk is that by offering a deposit interest rate above the interest rate guaranteed by LPS, the deposits offered by the bank are not guaranteed by LPS and there will be a risk for customers to incur losses if the bank goes into liquidation.

"When the deposit interest rate exceeds the LPS guaranteed interest rate, it means that the deposit is not covered by the LPS when the bank is at risk of being liquidated. In other words, the customer will bear this risk themselves," he added.
 
Samoerai said:
Responding to this, banking observer, Paul Sutaryono, said that digital banks do have advantages over conventional banks because they can reach a wide audience through information technology tools.

This advantage is an opportunity for digital banks to obtain funding and potential income from fee-based income (FBI) quickly as a source of profitability.

"Digital banks have the advantage of reaching more customers by relying on IT infrastructure. This means that funding, including fee-based income, will be obtained more quickly. Why? Because there are more customers, so there are more financial transactions," said Paul, when contacted by CNBC Indonesia.

"In theory, a bank that offers high interest rates on deposits, such as deposits, means that the bank is in need of large funds. This means liquidity is less strong," he said.

However, the risk is that by offering a deposit interest rate above the interest rate guaranteed by LPS, the deposits offered by the bank are not guaranteed by LPS and there will be a risk for customers to incur losses if the bank goes into liquidation.

"When the deposit interest rate exceeds the LPS guaranteed interest rate, it means that the deposit is not covered by the LPS when the bank is at risk of being liquidated. In other words, the customer will bear this risk themselves," he added.
Click to expand...
Fintech, digital bank is the future. We have seen that now the customer services are handled by bots powered by AI. They could significantly reduce the operational cost by reducing Branch Staff, Brick and mortar, rent in the high streets, energy.

As I understand IDR1.2m is one off incentive/bonus, not the interest rate e.g APR/AER. It is not uncommon a bank is offering an incentive during the promotional/campaign period. And As I understand it not everyone could get it, you must get an invitation.

The interest rate guaranteed by LPS is currently maximum 4.25%. The interest rate of this Sea bank account is probably around this or even lower

.
Capture.JPG
 
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Thank you very much for the information. Yes, the LPS regulation was one point that still bothered me and why we were still hesitating joining SEA bank.

I think the interest rate is 5 to 6 % p.a. on a deposit now. So, it exceeds 4.25 % p.a. which would be covered by LPS if my understanding is right. Therefore, if the bank gets into financial trouble, the deposit will be in danger. Please correct me if I got it wrong.
 
pantaiema said:
Sea Bank is owned by a reputable company Sea ltd. While Sea Bank claims to be covered by the Indonesian government deposit guarantee scheme LPS (Lembaga Penjamin Simpanan) on their website, I couldn't verify this information on the LPS website (https://www.lps.go.id/).
Click to expand...

I found them on LPS member list: No. Kepesertaan 10300024. But since the interest rate for the deposit seems to be more than 4.25% p.a. I assume the money on the deposit would not be protected in case of financial trouble. I assume Sea Bank dosn‘t count as BPR where higher interest rate is covered by LPS. 😅
 
make_batik_great_again said:
Thank you very much for the information. Yes, the LPS regulation was one point that still bothered me and why we were still hesitating joining SEA bank.

I think the interest rate is 5 to 6 % p.a. on a deposit now. So, it exceeds 4.25 % p.a. which would be covered by LPS if my understanding is right. Therefore, if the bank gets into financial trouble, the deposit will be in danger. Please correct me if I got it wrong.
Click to expand...
Correct
2. Tingkat bunga yang diterima tidak melebihi tingkat bunga penjaminan LPS*
2. The interest rate received does not exceed the LPS guarantee interest rate*

make_batik_great_again said:
I found them on LPS member list: No. Kepesertaan 10300024. But since the interest rate for the deposit seems to be more than 4.25% p.a. I assume the money on the deposit would not be protected in case of financial trouble. I assume Sea Bank dosn‘t count as BPR where higher interest rate is covered by LPS. 😅
Click to expand...
Correct.
 
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