AI Will Be The Next Monster Trend!

When I first started working at Spear, Leeds & Kellogg in 1995, we were in the middle of the PC Boom.  Companies like Microsoft, Intel and Dell Computer were on fire.

I worked for a great man named Jimmy Morris, and he traded Dell Computer.  As the new trading assistant, I watched Dell go up 5-10% daily.  Dell was a phenomenal investment: over a 10-year period, from 1990 to 2000, it turned $5000 into almost $5 million.

The next big trend would be the Internet.  Once again, I was in a great position, as Jimmy was chosen to trade Amazon.

It was hard to visualize back then what the Internet, and Amazon, would become, but I had a chance.  I had a chance, in fact, to wager a tidy sum that would have turned into a king’s ransom.  But I missed it.

The next big trend was mobile.  Once again, opportunity was staring me in the face, in the form of Apple.

Once again I missed it.

Here we are in 2019, and the question is: what is the next big trend?

The evidence is pointing to artificial intelligence (AI).

AI is already used in so many ways by so many companies.  Netflix, Amazon, Tesla, Google, Salesforce.com, and IBM all use artificial intelligence.  Anything we do online in this day and age uses artificial intelligence; it is prevalent in our lives today on a large scale.

During the latest conference call of almost every business, the phrase “artificial intelligence” was used more than during any other quarter.  Every company in every industry will have to incorporate AI in their business if they want to stay competitive.

Ark Invest manages a group of exchange-traded funds (ETFs) focused on disruptive innovation.  They estimate that AI will create $30 trillion in market value by 2038.

I wrote about artificial intelligence a year ago, and what I wrote still applies today.  Check out this post as well as this one to learn more about AI and how you might invest in this trend!

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.)

 

Birthday Bonanza, Part 7 of 8

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.

1) Artificial Intelligence (Deep Learning)

2) Robotics and Automation

3) Genomics

4) Mobile Payments

5) Blockchain Technology

6) Energy Storage

7) Gaming

8) Cloud Computing

9) E-Commerce

The guiding principle here: Invest in the future – for your child’s future!

 

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.)