diff --git a/app/views/admin/budget_investments/_investments.html.erb b/app/views/admin/budget_investments/_investments.html.erb
index fca3560a4..f90c75ac7 100644
--- a/app/views/admin/budget_investments/_investments.html.erb
+++ b/app/views/admin/budget_investments/_investments.html.erb
@@ -56,25 +56,23 @@
       </td>
       <td class="small">
         <% if investment.selected? %>
-          <%= link_to toggle_selection_admin_budget_budget_investment_path(@budget,
+          <%= link_to_unless investment.budget.finished?, t("admin.budget_investments.index.selected"),
+                                                          toggle_selection_admin_budget_budget_investment_path(@budget,
                                                                            investment,
                                                                            filter: params[:filter],
                                                                            page: params[:page]),
                       method: :patch,
                       remote: true,
-                      class: "button small expanded" do %>
-            <%= t("admin.budget_investments.index.selected") %>
-          <% end %>
+                      class: "button small expanded" %>
         <% elsif investment.feasible? && investment.valuation_finished? %>
-          <%= link_to toggle_selection_admin_budget_budget_investment_path(@budget,
+          <%= link_to_unless investment.budget.finished?, t("admin.budget_investments.index.select"),
+                                                          toggle_selection_admin_budget_budget_investment_path(@budget,
                                                                            investment,
                                                                            filter: params[:filter],
                                                                            page: params[:page]),
                       method: :patch,
                       remote: true,
-                      class: "button small hollow expanded" do %>
-            <%= t("admin.budget_investments.index.select") %>
-          <% end %>
+                      class: "button small hollow expanded" %>
         <% end %>
       </td>
       <% if params[:filter] == 'selected' %>
diff --git a/app/views/admin/budget_investments/show.html.erb b/app/views/admin/budget_investments/show.html.erb
index 8fd285c2e..7cf7765f7 100644
--- a/app/views/admin/budget_investments/show.html.erb
+++ b/app/views/admin/budget_investments/show.html.erb
@@ -6,7 +6,7 @@
 
 <%= link_to t("admin.budget_investments.show.edit"),
             edit_admin_budget_budget_investment_path(@budget, @investment,
-                                                Budget::Investment.filter_params(params)) %>
+                                                Budget::Investment.filter_params(params)) unless @budget.finished? %>
 
 <hr>
 
@@ -34,7 +34,7 @@
 <p>
   <%= link_to t("admin.budget_investments.show.edit_classification"),
                 edit_admin_budget_budget_investment_path(@budget, @investment,
-                                                  {anchor: 'classification'}.merge(Budget::Investment.filter_params(params))) %>
+                                                  {anchor: 'classification'}.merge(Budget::Investment.filter_params(params))) unless @budget.finished? %>
 </p>
 
 <hr>
@@ -44,7 +44,7 @@
 <%= render 'valuation/budget_investments/written_by_valuators' %>
 
 <p>
-  <%= link_to t("admin.budget_investments.show.edit_dossier"), edit_valuation_budget_budget_investment_path(@budget, @investment) %>
+  <%= link_to t("admin.budget_investments.show.edit_dossier"), edit_valuation_budget_budget_investment_path(@budget, @investment) unless @budget.finished? %>
 </p>
 
 <hr>
diff --git a/spec/features/admin/budget_investments_spec.rb b/spec/features/admin/budget_investments_spec.rb
index 6556cec7c..2bc1dabf2 100644
--- a/spec/features/admin/budget_investments_spec.rb
+++ b/spec/features/admin/budget_investments_spec.rb
@@ -36,6 +36,21 @@ feature 'Admin budget investments' do
       expect(page).to have_content(budget_investment.total_votes)
     end
 
+    scenario 'If budget is finished do not show "Selected" button' do
+      finished_budget = create(:budget, :finished)
+      budget_investment = create(:budget_investment, budget: finished_budget, cached_votes_up: 77)
+
+      visit admin_budget_budget_investments_path(budget_id: finished_budget.id)
+
+      within("#budget_investment_#{budget_investment.id}") do
+        expect(page).to have_content(budget_investment.title)
+        expect(page).to have_content(budget_investment.heading.name)
+        expect(page).to have_content(budget_investment.id)
+        expect(page).to have_content(budget_investment.total_votes)
+        expect(page).to_not have_link("Selected")
+      end
+    end
+
     scenario 'Displaying assignments info' do
       budget_investment1 = create(:budget_investment, budget: @budget)
       budget_investment2 = create(:budget_investment, budget: @budget)
@@ -279,33 +294,55 @@ feature 'Admin budget investments' do
 
   end
 
-  scenario 'Show' do
-    administrator = create(:administrator, user: create(:user, username: 'Ana', email: 'ana@admins.org'))
-    valuator = create(:valuator, user: create(:user, username: 'Rachel', email: 'rachel@valuators.org'))
-    budget_investment = create(:budget_investment,
-                                price: 1234,
-                                price_first_year: 1000,
-                                feasibility: "unfeasible",
-                                unfeasibility_explanation: 'It is impossible',
-                                administrator: administrator)
-    budget_investment.valuators << valuator
+  context 'Show' do
+    background do
+      @administrator = create(:administrator, user: create(:user, username: 'Ana', email: 'ana@admins.org'))
+    end
 
-    visit admin_budget_budget_investments_path(budget_investment.budget)
+    scenario 'Show the investment details' do
+      valuator = create(:valuator, user: create(:user, username: 'Rachel', email: 'rachel@valuators.org'))
+      budget_investment = create(:budget_investment,
+                                  price: 1234,
+                                  price_first_year: 1000,
+                                  feasibility: "unfeasible",
+                                  unfeasibility_explanation: 'It is impossible',
+                                  administrator: @administrator)
+      budget_investment.valuators << valuator
 
-    click_link budget_investment.title
+      visit admin_budget_budget_investments_path(budget_investment.budget)
 
-    expect(page).to have_content(budget_investment.title)
-    expect(page).to have_content(budget_investment.description)
-    expect(page).to have_content(budget_investment.author.name)
-    expect(page).to have_content(budget_investment.heading.name)
-    expect(page).to have_content('1234')
-    expect(page).to have_content('1000')
-    expect(page).to have_content('Unfeasible')
-    expect(page).to have_content('It is impossible')
-    expect(page).to have_content('Ana (ana@admins.org)')
+      click_link budget_investment.title
 
-    within('#assigned_valuators') do
-      expect(page).to have_content('Rachel (rachel@valuators.org)')
+      expect(page).to have_content(budget_investment.title)
+      expect(page).to have_content(budget_investment.description)
+      expect(page).to have_content(budget_investment.author.name)
+      expect(page).to have_content(budget_investment.heading.name)
+      expect(page).to have_content('1234')
+      expect(page).to have_content('1000')
+      expect(page).to have_content('Unfeasible')
+      expect(page).to have_content('It is impossible')
+      expect(page).to have_content('Ana (ana@admins.org)')
+
+      within('#assigned_valuators') do
+        expect(page).to have_content('Rachel (rachel@valuators.org)')
+      end
+    end
+
+    scenario "If budget is finished, investment cannot be edited" do
+      # Only milestones can be managed
+
+      finished_budget = create(:budget, :finished)
+      budget_investment = create(:budget_investment,
+                                  budget: finished_budget,
+                                  administrator: @administrator)
+      visit admin_budget_budget_investments_path(budget_investment.budget)
+
+      click_link budget_investment.title
+
+      expect(page).to_not have_link "Edit"
+      expect(page).to_not have_link "Edit classification"
+      expect(page).to_not have_link "Edit dossier"
+      expect(page).to have_link "Create new milestone"
     end
   end