Rahmat Bastian, Managing Director BT Partnership

No Time Involving in Share Trading

A lawyer can be shown as an energetic person, with lots of knowledge smooth in taking an action. However, a decision any old way cannot be done, we need to estimate every aspects and has to be appropriate with the law and regulation that is valid. No lawyers are willing to assist a client base on speculation, a lawyer must know every cases that they are facing.

The question might be why a lawyer such as Rahmat Bastian, Managing of BT Partnership Law Firm is interested, involving in share trading with lots of speculation? It seems Rahmat Bastian has a background that gives him guts involving in share trading. The storie starts, during his time in college, in Faculty of Law, University of Indonesia. Rahmat was also studying Advance Study on Taxatation and Accountancy. From it Rahmat start learning about finance, including trading analysis. “I learn about selling and buying stocks, margin, counting dividen and tax”, said Rahmat Bastian Who studied a summer program in Harvard University.

While he took capital market as one of his subject, trading in Indonesia is doing a big campaign, which made him become familiar with Securities Company. At that time Rahmat Bastian who is possessed in learning golf was not yet interested involving in share trading. A year later in 1996 as one of his media of learning capital market Rahmat tried a new instrument of capital market, known as Reksadana. During that time things were easy, if not wrong with the amount of Rp. 1.000.000, - we can get to involve in share trading”, recall Rahmat Bastian.”

With 5 million. From reksa dana, Rahmat started to learn about stock analisys and risk of financial loss. At the end, he tries involving in trading industry with income in Dollar from export. The first time involve in share trading, Rahmat had a total amount money Rp. 5 million. By choosing favorable broker, put up in newspaper. Lately Rahmat was also involved in financial nonbank sector, little by little he took the stock he even was also been invited by RUPS, proudly he said.
From it, Rahmat started to enjoy involving in share trading.

Involving in share trading, Rahmat never put hope to gain. If there is gain it might be better compairing to bank rates, meaning can be relized,’ said Rahmat Bastian.
Stock from every sectors, such as cigarettes infrastructures and telecommunication, has already been collected by Rahmat. The strategy that he used was kind of konvensional, which is, by keeping stocks that are dropping within 2 months afterwards he sells it.
On the contrary if the stock is rally, within 3 weeks he would sell it. “I once bougth stock exchange, but because drop, I sell it, and appears to be liberated from BPPN the price started to fluctuate and suffer a financial loss.

From his experience, Rahmat loss 20% in stock exchange. Luckily, the stock that was already been sell afterwards he bought another stock it seems what he did had bring him profit. It proofs stock pharmacy in IPO, had cause him loss of 20%. “But that was a mistake made by Rahmat cause by the time stock is high I haven’t got a chance to sell it I sell it while the price was already decreased.

| PROSPEKTIF. March 1 – 7, 2004 |