Why Most People Invest Without a Plan — And How That Keeps Them Broke
- Silivere Bakomeza
- Jun 9
- 4 min read
Part 4 of my “7 Investing Mistakes That Keep You Poor” Series
Everybody wants to make money.
But most people never ask: “What’s my actual plan?”
They just invest when they feel like it.
Sell when they panic.
Switch strategies when someone on YouTube yells “URGENT UPDATE!”
And then they wonder why their portfolio looks like a rollercoaster.
Today, let’s break down one of the most common wealth-killing habits out there: investing with no real plan.
If You Don’t Have a Plan, You’re Not Investing — You’re Just Guessing
Most people don’t actually invest.
They just:
Copy someone else’s move
Throw money into the market when it “feels right”
Hope it works, and panic when it doesn’t
Then they blame the market.
But if you don’t have:
A reason for each buy
A time horizon
A consistent process
…you’re not investing. You’re reacting.
And reactions don’t build wealth.
I Used to Invest Without a Plan Too
In my early days, I bought whatever was trending.
I bought Dogecoin because it was everywhere
I bought SafeMoon trying to “repeat the win”
I sold stuff early just to feel like I was doing something
There was no system. Just emotion.
And while I made $150K from Dogecoin, I lost $20K chasing SafeMoon.
That lesson hit hard.
You can read about that full story here:
That loss taught me:
It’s not about how much you invest — it’s about how intentionally you do it.
What Investing Without a Plan Looks Like (And Why It’s So Dangerous)
You Buy Randomly
No dollar-cost averaging. No conviction. You invest on impulse, not intention.
You Have No Timeframe
You don’t know if you’re in it for 6 months or 6 years — so every dip feels like a crisis.
You Panic Easier
Without a foundation, emotion drives every move. Fear makes you sell. Greed makes you chase.
You Compare Constantly
Every other investor seems smarter, faster, richer — because you have no anchor to hold your strategy down.
How I Rebuilt My Investing Plan From Scratch
After my $20K loss, I made one commitment:
Build something I can stick with — not something I can brag about.
So I started investing $50 a day into MicroStrategy ($MSTR) — every market day. Rain or shine. Red or green.
Why $MSTR? Because it gives me exposure to Bitcoin through a stock with strong conviction, clear leadership, and high upside.
I explain the full strategy here:
And I track the results publicly every week:
It’s not perfect. But it’s consistent. And that consistency is already doing more for me than all my past hype trades ever did.
The 3 Things Every Real Investing Plan Needs
Conviction
Pick something you believe in deeply — enough to ride the dips, ignore the noise, and keep going.
A Timeline
My plan is 20 years. That long window removes the need to time anything. I just focus on showing up.
A System
Set rules. Automate them. Stick to them.
I invest $50/day — no skipping, no guessing, no emotions.
Why Most People Never Build a Plan
They want results now
They fear “missing out”
They don’t want to commit to anything long enough to let it work
But that’s exactly why they stay broke.
No plan means no consistency.
No consistency means no compound growth.
And without compound growth, you’re just running in circles.
The Psychology Behind “No Plan” Investors
A lot of people say they’re afraid of risk.
But really? They’re afraid of boredom.
They don’t want to do the same thing for 20 years — even if that thing would make them a millionaire.
It’s not the plan that’s hard. It’s the discipline.
That’s why my $50/day MSTR journey isn’t just about investing — it’s about rewiring how I think.
You can watch that full transformation unfold here:
Affiliate Tools That Help Me Stick to My Plan
These are the platforms I personally use to keep my strategy locked in:
If You Only Take One Thing From This Post…
Don’t chase a perfect investment.
Don’t wait for the “right time.”
Don’t try to be flashy.
Just build a plan you can actually stick to — and run it like your life depends on it.
Because if you quit every 6 months, change strategies every trend cycle, and keep investing based on vibes…
you’ll look up in 10 years and realize you never actually built anything.
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Call to Action
If you’re serious about building wealth, the smartest move you can make today isn’t chasing the next hot pick — it’s locking in a plan you refuse to abandon.
Start with $1. Or $50. Or just one decision you never break.
Because wealth isn’t built by the smartest — it’s built by the most consistent.
Join me:
Written by Silivere Bakomeza, Founder of BakoInvest
From refugee to investor — one share at a time.
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