In the late 1800’s, we saw the emergence of three huge technology platforms simultaneously. They were the the telephone, electricity, and the combustible engine.
These three, together, were the catalyst that ignited economic growth unprecedented at the time – thus creating billions, upon billions, of dollars in wealth.
Today, we are embarking on a technology boom that may dwarf the previous booms. For the first time in history, we have at least seven technology platforms evolving at the same time.
They are:
1. Artificial intelligence (AI)
2. Blockchain technology
3. 3-D printing
6. Financial technology (fintech)
7. Cryptocurrencies
I didn’t even mention the cloud, ecommerce, streaming video, and gaming (which is in its infancy, but will become ginormous!)
Oh, and I almost forgot to mention China…and, down the road, India.
We are going to see a tech boom unlike anything we’ve ever seen!
If you haven’t already done so, I suggest you start researching great companies to invest in. Check the previous posts I linked to above for some ideas!
My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.
Click here to be taken to its Amazon page.
(Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)