This week, we asked the Invstr Community what they thought were the most important skills for investing. The winner, by over half of the votes, was the 58 percent of Invstrs who believe that all three; financial education, saving, and investing were the top skills to become a successful investor. When it comes to investing, the more skills you can hold under your belt, the better. Even though kids can start with little to no knowledge through Invstr’s Fantasy Finance, the more skills you rack up in the process can benefit any young investor in the long term. In second place is the 24 percent of Invstrs who believe that financial education is a top skill for investing. Financial education and literacy are steppingstones for any young investor who wants to put their hard-earned cash to work. Whether it is budgeting, financial management, or just even learning the value of money, a broad financial education can really turn a beginner into an investing pro.
To close out the podium, we have none other than the 11 percent of Invstrs who believe that investing alone is a high-value skill. Knowing the companies, you want to buy and diversifying your portfolio among several industries is something that can help bring those positive returns to any kids that are passionate about investing. This brings in the 7 percent of people who believe that saving is a top skill for investing. At an early age, saving your money from chores, birthdays, or whatever side hustle you can manage is the first step to creating an investment portfolio on Invstr Jr. The more money kids can save, the more cash they can potentially get back when they decide to ultimately put those savings into companies they think can come out on top. Nevertheless, any young investor who aspires to be the next Warren Buffett can learn all these fundamental skills and much more all through the Invstr Academy.
What do you think about all the top skills needed for investing? Have fun and see you next time with more poll results!
- The Invstr Team 🙂
