The influence of education level, occupation, income and age in choosing mutual funds as instruments of investment
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Published:
May 30, 2023
Keywords:
Education level, Occupation, income, Age, investment
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Computer Science
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Abstract
Investment activities are not apart from how we are able to process our resources and funds to be able to develop our capital, the Reksa Fund is one type of investment and is a container used to collect funds from the funding society to be invested in a portfolio of effects by the investment manager. In its development, investment requires income, level of education, age maturity and job certainty can influence the decision to choose investment interest in investment instruments. This research is a quantitative study with a descriptive format, processing primary data from a questionnaire with a Likert scale. The population involved in this study is the Millennial Generation. Research findings show that education, employment, income, and age have a significant influence on millennial generation decisions in choosing money as an investment instrument. High level of education, stable, high-income jobs, and older age tend to prefer equity as a more promising and low-risk investment instrument.
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How to Cite
Wulandari, S. and Nurjannah, R. (2023) “The influence of education level, occupation, income and age in choosing mutual funds as instruments of investment”, Jurnal Mantik, 7(1), pp. 481-487. doi: 10.35335/mantik.v7i1.3737.
References
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Tanusdjaja, H. (2018). KEPUTUSAN INVESTASI INVESTOR INDIVIDU BERDASARKAN KOMPETENSI, OVERCONFIDENCE, DAN PENDIDIKAN. Jurnal Muara Ilmu Ekonomi Dan Bisnis, 2(1), 234–244.
Zahra, D. R., & Anoraga, P. (2021). The influence of lifestyle, financial literacy, and social demographics on consumptive behavior. The Journal of Asian Finance, Economics and Business, 8(2), 1033–1041.
Aldini, D. A., & Andarini, S. (2018). Pengaruh profitabilitas terhadap harga saham pada perusahaan makanan dan minuman yang terdaftar di Bursa Efek Indonesia. Jurnal Bisnis Indonesia, 8(1).
Augusty, F. (2006). Metode Penelitian Manajemen: Pedoman Penelitian untuk skripsi, Tesis dan Disertai Ilmu Manajemen. Universitas Dipenogoro.
Baker, H. K., Kumar, S., Goyal, N., & Gaur, V. (2019). How financial literacy and demographic variables relate to behavioral biases. Managerial Finance, 45(1), 124–146.
Bhushan, P. (2014). Insights into awareness level and Investment Behaviour of salaried individuals towards Financial Products. International Journal of Engineering, Business and Enterprise Applications, 8(1), 53–57.
Cahya, B. T., Nadifa, F., Marpaung, M., & Ajuna, L. H. (2021). The Consumer Behavior Among Muslim Millennials in Buying Sharia Stock in the City of Kudus. 7th Regional Accounting Conference (KRA 2020), 131–138.
Deschryver, P., & De Mariz, F. (2020). What future for the green bond market? How can policymakers, companies, and investors unlock the potential of the green bond market? Journal of Risk and Financial Management, 13(3), 61.
Duflo, E., & Saez, E. (2002). Participation and investment decisions in a retirement plan: The influence of colleagues’ choices. Journal of Public Economics, 85(1), 121–148.
Gurbaxani, A., & Gupte, R. (2021). A study on the impact of COVID-19 on investor behaviour of individuals in a small town in the state of Madhya Pradesh, India. Australasian Accounting, Business and Finance Journal, 15(1), 70–92.
Jiang, J., Liao, L., Wang, Z., & Xiang, H. (2020). Financial literacy and retail investors’ financial welfare: Evidence from mutual fund investment outcomes in China. Pacific-Basin Finance Journal, 59, 101242.
Kaur, S. J., & Bharucha, J. (2021). The emerging mutual fund industry in India: an impact analysis of investors’ awareness on investment behaviour. International Journal of Business and Globalisation, 27(1), 51–69.
Mayer, C. (2021). The future of the corporation and the economics of purpose. Journal of Management Studies, 58(3), 887–901.
Morgan, P. J., & Long, T. Q. (2020). Financial literacy, financial inclusion, and savings behavior in Laos. Journal of Asian Economics, 68, 101197.
Mutenje, M. J., Farnworth, C. R., Stirling, C., Thierfelder, C., Mupangwa, W., & Nyagumbo, I. (2019). A cost-benefit analysis of climate-smart agriculture options in Southern Africa: Balancing gender and technology. Ecological Economics, 163, 126–137.
Nissa, N. C., & Widyastuti, E. (2022). Determinants of Investment Interest in The Millennial Generation of Salatiga in the Sharia Capital Market. Annual International Conference on Islamic Economics and Business (AICIEB), 2(1), 268–275.
Nosita, F., Pirzada, K., Lestari, T., & Cahyono, R. (2020). IMPACT OF DEMOGRAPHIC FACTORS ON RISK TOLERANCE. Journal of Security & Sustainability Issues, 9(4).
Prati, G., Fraboni, F., De Angelis, M., Pietrantoni, L., Johnson, D., & Shires, J. (2019). Gender differences in cycling patterns and attitudes towards cycling in a sample of European regular cyclists. Journal of Transport Geography, 78, 1–7.
Puspitasari, P. N. (2014). Pengaruh Faktor Demografi dan Faktor Psikologis terhadap Pengambilan Keputusan Investasi pada Reksadana. STIE PERBANAS.
Putra, A. R. R. (2019). Pengaruh Faktor Psikologi dan Faktor Demografi Terhadap Keputusan Investasi. Universitas Islam Indonesia.
Putri, W. W., & Hamidi, M. (2019). Pengaruh literasi keuangan, efikasi keuangan, dan faktor demografi terhadap pengambilan keputusan investasi (studi kasus pada mahasiswa magister manajemen fakultas ekonomi universitas andalas padang). Jurnal Ilmiah Mahasiswa Ekonomi Manajemen, 4(1), 210–224.
Raghunandan, A., & Rajgopal, S. (2022). Do ESG funds make stakeholder-friendly investments? Review of Accounting Studies, 27(3), 822–863.
Senda, D. A., Rahayu, C. W. E., & Rahmawati, C. H. T. (2020). The effect of financial literacy level and demographic factors on investment decision. Media Ekonomi Dan Manajemen, 35(1), 100–111.
Shaik, M. B., Kethan, M., Jaggaiah, T., & Khizerulla, M. (2022). Financial Literacy and Investment Behaviour of IT Professional in India. East Asian Journal of Multidisciplinary Research, 1(5), 777–788.
Tanusdjaja, H. (2018). KEPUTUSAN INVESTASI INVESTOR INDIVIDU BERDASARKAN KOMPETENSI, OVERCONFIDENCE, DAN PENDIDIKAN. Jurnal Muara Ilmu Ekonomi Dan Bisnis, 2(1), 234–244.
Zahra, D. R., & Anoraga, P. (2021). The influence of lifestyle, financial literacy, and social demographics on consumptive behavior. The Journal of Asian Finance, Economics and Business, 8(2), 1033–1041.
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