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IMPLEMENTATION OF THE ALLOCATION OF INCOME PORTFOLIO MERCHANT AND FISHERMAN IN FINANCIAL INVESTMENTS

Fatihudin, Didin and Iis, Holisin and Sjamsul, Hidajat (2018) IMPLEMENTATION OF THE ALLOCATION OF INCOME PORTFOLIO MERCHANT AND FISHERMAN IN FINANCIAL INVESTMENTS. International Journal of Civil Engineering and Technology (IJCIET), 9 (11). pp. 513-521. ISSN 0976-6308

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        Abstract

        This study aims to determine the understanding of merchant-fisherman financial literacy on income allocation for savings, investment portfolios. The target of this study is 41 traders and 46 fishermen who work more than 5 years. Wonokromo market location, Keputran, Kenjeran, Bulak, Sukolilo markets in Surabaya, East Java, Indonesia. Research methods use an exploratory method with a closed interview qualitative approach. The results showed that both traders and fishermen had little understanding of financial literacy, especially regarding income allocation for savings, investment portfolios. Both financial products, financial institutions and various investment instruments. Fishermen only understand gold, land and home investments. Do not understand investments in financial assets such as deposits, bonds, stocks, mutual funds, as well as pension funds. Trader's monthly gross income is greater than fishermen's income. Fishermen are only 2-3 million rupiah per month. While the average trader is above 10 million rupiah and above, there are even 30-50 million rupiah per month. More prosperous traders. But in terms of group cooperation, fishermen are more compact, while traders are more individualized. In terms of education, traders are relatively better. There are a small number of scholars who are even masters. Whereas fishermen, the last education is only upper/first level schools, elementary schools, even some who do not go to school. Although the education traders are higher, but about financial literacy is the same as fishermen who have a minimal understanding of the financial investment portfolio. understanding only savings, deposits, shop houses, gold and homes. He did not know about bonds, mutual funds, pension funds, let alone become buyers/participants of the investment instrument. After conducting interviews and filling out the format of financial allocations, many traders are interested in following and buying the financial investment portfolio. Keywords: Investment Portfolio, Financial Literacy, Savings, Pension Funds

        Item Type: Article
        Subjects: H Social Sciences > HB Economic Theory
        Divisions: Jurnal > Fakultas Ekonomi dan Bisnis
        Depositing User: DIDIN FATIHUDIN FATIHUDIN
        Date Deposited: 17 Jun 2019 12:57
        Last Modified: 17 Jun 2019 12:57
        URI: http://repository.um-surabaya.ac.id/id/eprint/3261

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