Mr McGuire: I just want to say one word to you – just one word.
Ben: Yes, sir.
Mr McGuire: Are you listening?
Ben: Yes, I am.
Mr McGuire: Plastics.
(from The Graduate)
My wife and I saw our financial advisor this week, and one of his comments concerned the appropriate market sectors to be looking at for long-term, higher growth/risk investments. “I suggest you think about what you think is going to be happening in the world over the next few decades, and the areas of the economy that are likely to become more important as a result,” he suggested.
And here are the four areas he singled out as potential growth sectors over the next 25 to 30 years. It’s quite a vision of the future:
- Water (specifically, equipment/infrastructure rather than the highly-regulated, low-growth water supply sector).
- Alternative energy sources (wind and waves being a safer bet for investors than nuclear, I’d guess).
- Healthcare (because we’re none of us getting any younger).
Oh, and how could I forget:
Heartwarming stuff, I’m sure you’ll agree…
Please note that this post does not constitute financial advice, and no investment decision should be taken in relation to it. The value of your investment may go down as well as up (unless it’s in armaments – in which case, fill yer boots). You must be at least three feet high to participate on this ride (though frankly it’s the people who are currently under three feet high who need to be most worried).