When making investment decisions, oftentimes, the primary goal is to make a profit. But beyond this, there are also those who are heavily influenced by the desire to do social good and to add value to our everyday lives.
Why do investors back certain projects while rejecting others? Here are some possible reasons:
1. Supporting innovation and growth
Startup owners come up with ideas, but the investors usually evaluate the idea and put their money behind it. One of the biggest motivations for any investor is the opportunity to support the natural process of modernization and growth in our society.
2. Achieving status
Investors often look for status. Many of them want to be the next big thing. The dream is to be the one to find the future Mark Zuckerberg and support him in building a giant company like Facebook.
3. Creating connections and building a network
Investing can help foster connections between like-minded people who are interested in the world of business and finance. By building a network of innovators in the industry, investors gain more knowledge through insider information, as well as sharing of experiences in the field.
4. Driven by fear or greed
It is said that the best investments in the world are made either out of fear or greed. Greed because they want to make big money with little investment, while some investments are made out of fear of losing money.
5. Achieving financial freedom
Financial freedom is a buzzword in the realm of investment and personal finance. This is achieved when you are earning enough money to pay off all your debt and expenses and have sufficient funds to take care of all your future needs.
Keep yourself motivated
Tony Robbins, an entrepreneur and philanthropist, believes that “successful people ask better questions, and as a result, they get better answers.” However, it may take more than motivational quotes for investors to make their decisions. It also involves developing an investment philosophy, a strong mindset, and a set of core beliefs.
If you are an investor, it is important that you find what keeps you going—and what is important to you. Then, factor that in your judgment moving forward.
DISCLAIMER: This article expresses my own ideas and opinions. Any information I have shared are from sources that I believe to be reliable and accurate. I did not receive any financial compensation in writing this post, nor do I own any shares in any company I’ve mentioned. I encourage any reader to do their own diligent research first before making any investment decisions.
Sustainable investments are currently a winning bet
Companies see the coronavirus situation acting as an accelerator of change towards sustainable transitions. Investments with an environmental, social or...
Ethereum, LINK and Ren: Why these 3 Altcoins could outperform BTC
The latest report conducted by Santiment showed that there are three altcoins that could outperform Bitcoin from a short-term perspective....
ARTHEx receives €1.2 million from Cdti and can start the clinical trial
ARTHEx Biotech, specializing in finding new therapies for myotonic dystrophy, has just received a financing round of $1.36 million (€1.2...
The futures markets are still facing difficulties because of COVID-19
World vegetable oils markets were higher last week. Palm Oil closed higher after news of renewed demand interest from India...
Fiscal cliffs and the self-destructing treasury
We are going over the waterfall on the massive fiscal cliff. Meanwhile, the Treasury is compelled to further destroy its...
Crowdfunding5 days ago
Travel agencies resort to crowdfunding to survive the crisis
Business6 days ago
Billions in funding from COVID relief programs now flowing to state, local governments
Featured6 days ago
Conio joins Nexi Open, the open banking services ecosystem of Nexi paytech
Crypto6 days ago
Bitcoin Rally or Altcoin extinction? Top Trader sees gloomy future for ETH, XRP and Co.