How to Check a Broker in Bali: Ask If They Rent a Scooter and for How Much — a Simple Way to Assess Financial Literacy

"- How can an investor quickly check a broker’s competence in Bali? - Ask what price the broker rents their scooter for 🙂 Ideally, ask a follow-up question: how long have you been renting it? If they rent and have been doing so for a long time, it means they do not even count their own money. Renting an NMAX costs ≈ 2 million per month, or 24 million per year. A new NMAX costs ≈ 36 million and pays for itself in 6–7 months. After that, you ride almost for free. After a year, you sell it for around 30 million. Your real expenses for the year are 7 million, or about 580 thousand per month instead of 2 million in rent. After two years, you sell it for 25 million. Expenses are 13 million, which is 540 thousand per month instead of 2 million. After three years, you sell it for 21 million. Expenses are 18 million, which is 500 thousand per month instead of 2 million. The difference is 3–4 times. If a person wastes money on such a basic thing as a bike, they will waste your investments the same way. "