If you would like to make more money than with your regular stock or Forex accounts, you might be thinking about future technologies that are likely to take off in the next few years. You know, those that will help you grow your money without an effort. In case you are a risk-taker and are not afraid of new things, below you will find a few ideas on what to invest in for maximum returns.
This is a contributed post and do not necessarily reflect the opinions of Meet The Harris Family.
Driverless Technology
In the next few years, driverless cars will become a reality. The companies that supply the technology and software to enable autonomous driving features and navigation are likely to see their profits and share prices increase. For example, you might find a stock that belongs to a company that is just about to sign a huge deal with Tesla. And, you are also likely to see an unusually high return on your investment.
Software Development
Smart business intelligence and analytics software is likely to become more popular in the future. Companies would like to know everything about their customers and their market. But, they don’t want to employ a huge team of statisticians to deliver the information. There are plenty of business intelligence and analytics software companies shooting up these days. Therefore, if you bet on a winner, you are likely to see great profits.
Virtual Reality
Of course, the latest craze of gaming and entertainment is virtual reality. Mobile phone companies and games console firms are competing with each other to deliver the best experience for their customers. Find the best virtual reality stocks with the highest return and growth rate. Then you can easily make more money than simply investing in currencies or commodities.
Space Travel
You are likely not going to double your money in just a few years with this investment. However, if you are thinking long term, investing in space travel and connected technologies is a great idea. You need to look out for research and development firms that focus on future technologies and space travel. If you can get hold of the supplier list of NASA (unlikely though) you can make a good profit in a few decades. As with every investment, however, it is important that you take into consideration the risks before parting with your money.
Renewable Energy Inventions
It is a known fact that humans are likely to run out of fossil fuel sources in a few years or decades. Even if there are loads left, it is getting harder and more expensive to access oil and gas. You can’t go wrong if you bet on future renewable energy solution companies’ success. From solar to wind power and underwater, current operated turbines, there are plenty of emerging technologies that have a good chance of taking off in a few years.
Whether you are looking for a long term investment or would like to see your money grow every year until you retire, future technologies offer great opportunities. Do your research and choose companies with solid financial background and plans.
