Poll: Every Skill You Acquire Doubles Your Odds of Success 😜

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 🙂

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Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community.The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results.Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such.Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.