Poll: Hey! Big Spender? 💸

Poll: What, if anything, stops you from investing?

  • 22%:  Not earning enough
  • 26%   Not knowing how
  • 26%   Fear of losing money
  • 6%     Paying off debt instead
  • 20%   Can’t stop me!

This one hit a nerve! We just ran our most interesting poll ever and the results were incredible. The Invstr community opened up on what factors impede modern-day investing, and for the first time, we declare a tie!

To not invest because of a fear of losing money is no better than investing because of a fear of missing out (FOMO). In truth, all emotional thinking in the markets belies a lack of education, and this syncs up well with the other most popular poll answer; 26% of users claiming not to invest because of “not knowing how.” But don’t worry!

Even Warren Buffett, as a teenager, was unsure how to approach the stock market. He read a lot of books, started trading signals, lost some money, and only found his breakthrough when he found Coca-Cola and Ben Graham. We all start somewhere. Fantasy Finance and the Invstr Academy is not a bad place to start. There was nothing like it back in the Oracle’s day.

This isn’t to say that a professional hedge fund manager achieves consistent outperformance and never gets cold feet. This business is monstrously hard. Be skeptical of those who try to give it away in pithy tweets. Just acquire gradual knowledge, showcase discipline, understand the downside more than the upside for a given stock pick, and go for sensible position sizing.

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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.