Good morning, all! This is the seventh installment in my series about how to set your child up for wealth by investing $1000 at the time s/he is born.
When it comes to investing, the focus is always on the future.
Sure, there are companies that have been great investments over the past 20 years, but we are only interested in the future.
So look for companies that are poised to do well over the next 20 years of your child’s life.
I would probably avoid companies that have been around since the Industrial Revolution. These companies may do well, but it is unlikely that they will be the leaders going forward.
Here are some industries and investment themes you may want to consider.
2) Robotics and Automation
4) Mobile Payments
5) Blockchain Technology
6) Energy Storage
8) Cloud Computing
The guiding principle here: Invest in the future – for your child’s future!