The kinds and choice of investment that anyone may propose to venture into, as a newbie or as an oldie, could be adversely affected by the place they live in or their region of residency.
The time I would have agreed more of this "when one resident would affect their choice of investment" is when there's no infrastructure development, no road network, or Internet connection to the place one resides.
A resident or region that has a working system that its citizens need to live and strife for the betterment of their life, their resident will be a boost to choose of investment they would like to go into, be it physical or online investment.