Abstract:
Millennial investors dominate the investment market, including in Batam City,
which is developing rapidly and needs millennials in the productive period to boost
economic growth. However, the rising number of millennial investors in Batam is not
in line with existing knowledge. This research seeks to determine how financial
literacy, risk perception, and motivation affect Batam's millennials' investment
decisions. In this quantitative study, 135 investors born between 1981 and 1996 were
surveyed. A questionnaire measured financial knowledge, risk perception, and
motivation, which affect investment decisions. The study found that financial literacy
and risk perception influence millennials' investing decisions. Motivation doesn't
influence investing decisions. These findings highlight the significance of financial
education for the younger generation in increasing their involvement in the investing
market. It is intended that this research will become a reference for policymakers and
educational institutions in establishing initiatives that assist the millennial generation's
investment.
