Investments and wealth management are often linked to wealthy people and are not very accessible to the public. Another problem is that most people's notion of investments is stocks trading and cryptocurrencies. Tom McGillycuddy, CEO of Tickr, firmly believes that trading is not a form of investment but a form of gambling. With the desire to solve both of these issues, Tom created a platform where sustainable impact investments are accessible to everyone.

"Trading is more closely linked to gambling than it is investing because you're just betting on the direction of something over a day or a week." - Tom McGillycuddy.

According to Tom, there are certain things that should not be democratized, and trading is one of them. People are going in without fully understanding what it is and how it works. He believes that it should only be accessible to professionals who know what they're doing. 

People should learn to look at long-term sustainable investments rather than the exciting volatile market or trading. The potential of doubling your money in a week or in a day might be exciting but has a lot of risks that you may not know about. 

"Investing is not meant to be exciting; it's meant to be about building wealth sustainability over the long term." - Tom McGillycuddy.

This is why Tom has developed Tickr, an app that would give people an opportunity to invest sustainably. Like any other investment, you can control the level of risks that you will be willing to take based on your risk appetite. 

The app will also let you choose where to invest your money from a diverse portfolio of curated companies doing good for the world. It is also designed to encourage users to do regular monthly investing and slowly build up their balance over time. 

Because they are promoting long-term investment, they put guardrails on the app that disables you from seeing the value of your investment daily. The app interacts with the users by giving them progress reports of the impact of the companies in their portfolio. 

Last Word

There's been conflation on trading and investing, and people need to know that they are two very different things. If you want to know more about sustainable impact investment, catch the full episode of the Impact Hustlers Podcast featuring Tom.