MANAJEMEN PORTOFOLIO MENGGUNAKAN METODE MARKOWITZ UNTUK MEMBERIKAN KEPUTUSAN BOBOT OPTIMUM INVESTASI

Abstract

Investment is a delayed consumption at a time to get into productive assets for a certain period of time. Investments in financial assets are starting in demand by the society and investors because of their liquid types, which means it doesn't take long to turn a financial investment into cash. Investments in financial assets are usually carried out in the capital market, which is a place where the parties involved, especially companies, sell financial assets. The capital market is a place for get much profit. However, the problem, not at all investors can build a good portfolio to maximize profits. Then, the author initiates a method for optimizing assets using the Markowitz method. In this research, used data from 10 stocks in Indonesia Stock Exchange, consist of BABP, BGTG, BKSW, CTRA, DNAR, ICBP, INDY, PANS, TKIM, and UNVR. Then the stocks will be arranged optimally portfolio. This research uses quantitative research methods. The optimal portfolio results obtained with the Markowitz model for the period December 2016 – November 2021 are 60% p portfolio and 40% retail with each share weighting 20.1% BABP, 1.7% BGTG, 6.5% BKSW, 1.4% INDY, 30.4% TKIM. Based on the results of the study, an investment fund of IDR 1 billion will be invested in BABP of Rp201,000,000, Rp17,000,000 BGTG, Rp65,000,000 BKSW, Rp14,000,000 INDY, Rp304,000,000 TKIM and Rp400,000,000 retail, with an expected return of Rp29,560,000 and a risk of Rp73,570,000.