STRATEGI DEFENSIF UNTUK PROTEKSI DAN AKUMULASI KEKAYAAN DALAM MENGHADAPI ASUMSI RESESI EKONOMI STUDI KASUS: KELUARGA BUDI

• Main Authors: , Lingga Madu Darutama, , Prof. Dr. Eduardus Tandelilin, MBA, CWM.
• Format: Theses and Dissertations NonPeerReviewed
• Published: [Yogyakarta] : Universitas Gadjah Mada 2012
• Subjects: ETD
• Online Access: https://repository.ugm.ac.id/99768/; http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=55744
• Institution: Universitas Gadjah Mada

In Mandarin, the word �crisis� (�� � Wéijī) is a combination of two kanji syllables: � (Wei), which means �danger and � (Ji), which means �opportunity�. Economic crisis or recession, which is feared by most people, is actually a opportunity for someone to accumulate a great amount of wealth. A well-prepared plan is the key to face a crisis. This research tried to practice the above principle in a form of a case study. The subject of the case study is Mr. Budi, a computer shop owner, whose wealth is alleged risky to the risk of economic recession. This research began by first collecting data and analyzing the client existing condition. The wealth management process is divided into three phases: (1) risk identification and analysis, (2) liquidation of risky assets, and (3) Securing the cash from liquidation phase. Post-management wealth condition is also analyzed to see how far the risk of exposure to the economic recession could be reduced. The final step of this research included an economic recession sensitivity analysis. This sensitivity analysis was conducted to determine how much added value the defensive wealth management process generates. Scenario A (without wealth management) and scenario B (with wealth management) were then compared. Both scenarios were simulated under four incremental conditions that reflect the level of intensity of the economic recession. The research concluded that The Budis� wealth is indeed vulnerable to the risk of the economic recession. The Budis� asset is comprised of 77,96% risky asset, while maintaining a very low liquidity level of 2,81%. Defensive wealth management succeeded in reducing high-risk asset ratio to 42,17% while improving the level of liquidity to 38,59%. The simulation result proved that in the worst economic recession, defensive wealth management could provide a significant added value amounting to 5,3 billion rupiahs or 20,62% of client�s total asset. The worse the conditions of economic recession, the greater the added value defensive wealth management will generate