Industries to put your money this 2019

A strong growth prospect should be prime consideration for future investments in specific industries. You’re looking for industries with opportunities to expand into new markets and consistent upward sales trends. They deliver products or services that people already use or want to get their hands on, advises finance professional Scott Tominaga of PartnersAdmin LLC. Hereunder are some industries that show great potential, even as we enter the 2020s.

Image source: forbes.com

Artificial intelligence

AI research has been booming in the past few years, and the effect of AI in our society has never been more palpable as it is now. Companies like Google, IBM, and Uber are now taking advantage of the massive QoL changes AI is bringing, from developing complex games and autonomous vehicles to introducing apps and gadgets to the modern hospital.

Image source: inc.com

Financial services

Business development companies boasting direct equity investments, whether small- or medium-sized, comprise another promising industry. Even as the Federal Reserve seeks to raise interest rates, financial services are a great investment choice as such a move by the government simply means the industry is generating profit.

Healthcare

Already among the best-performing sectors in 2018, healthcare should continue to grow as an investment option in the coming years. This industry is one of the most solid investment options out there, even as advancements in Big Data, Machine Learning, and the Internet of Medical Things (IoMT) are being deployed.

Telecommunications

Investors in telecommunications should avoid stocks with high price-earnings ratios and instead look at firms with lower debt, advises Scott Tominaga. A shake-up in the industry has relegated tech giants like Netflix and Facebook to the revamped sector, so it’s recommended that investors look to more traditional and conservatively managed telecommunication companies instead.

PartnersAdmin LLC’s Chief Operating Officer Scott Tominaga has nearly two decades of experience in the hedge fund and financial services industry. He is an expert in middle and back office, accounting, compliance, and administrative work. Visit this blog for related posts.