diff --git a/app/controllers/budgets/investments_controller.rb b/app/controllers/budgets/investments_controller.rb
index c17a356cb..25425250f 100644
--- a/app/controllers/budgets/investments_controller.rb
+++ b/app/controllers/budgets/investments_controller.rb
@@ -84,7 +84,8 @@ module Budgets
       end
 
       def load_ballot
-        @ballot = Budget::Ballot.where(user: current_user, budget: @budget).first_or_create
+        query = Budget::Ballot.where(user: current_user, budget: @budget)
+        @ballot = @budget.balloting? ? query.first_or_create : query.first_or_initialize
       end
 
       def load_heading