6 Smart Tech Investments You Should Make For Your Future

Introduction

Investing in technologies that solve real problems and keep on improving is a surefire way to ensure that you have a high return on investment. Today we will be taking a look at 6 tech investments that you should make today.

Wearables

Wearable technologies like fitness trackers and smartwatches are here to stay. It started gaining popularity a few years ago and as consumers are becoming educated on the different products, it is slowly but surely moving towards the peak of its product lifecycle.

There are only handful companies that are dominating the wearable market, and if this is something that you may like to invest in, it may be a good idea to start with publicly traded wearable technology stocks.

VRC Industry

Manufacturers of Vertical Reciprocating Conveyors (VCR’s) are producing products that are unmissable in broad-scale production. If you are looking to invest in technology that will continue to grow and develop in future years, consider companies like Pflow Industries.

Pflow’s Quantum Drive is also a valuable asset if you are looking for capital investments for your own business’s production activities. It is a safe and easy way to move materials from one elevation to another and will boost your ROI by lowering your input cost per unit and increasing productivity.

Cybersecurity

Almost every electronic device can connect to the internet in some way. This has increased the demand for cybersecurity exponentially until 2016. Since then, the cybersecurity industry growth became slower and is expected to continue to do so for the next few years.

Investing in cybersecurity is still, however, a solid investment option, especially when you look at the expansion of companies like Palo Alto Networks and Check Point Software Technologies, which seems to be much more investor-friendly and showing sustainable growth.

Biotech

As an investment option, clinical research and drug development, also called biotechnology, is a bit of an adrenaline rush. In 2016, the biotech stocks were still in their developmental stage. The biotech industry is, however, geared toward saving lives and can potentially double in the coming years.

Investing in biotechnology should be done with caution. It is much more volatile than the pharmaceutical industry as it is, in essence, a risk-taking enterprise. Companies to consider in this industry is Amgen or Celgene.

Artificial Intelligence

Artificial intelligence is rapidly becoming ingrained in our lifestyles and habits. It has two components: machine learning and deep learning networks. The biggest problem with the artificial intelligence industry from an investor’s point of view is the amount of buzz that surrounds it. There is a lot of companies out there that relies on this term as a magnet for investors.

As an investor, you have to be careful to only invest in companies that derive sustainable revenue growth from AI. The most obvious ones are probably Nvidia (NVDA), Alphabet (GOOGL), Apple, (AAPL), and Facebook (FB).

Cryptocurrency

Everybody knows that if you bought one Bitcoin for $13 at the end of 2012, it’d be worth more than $8000 today. Since this list would not be complete without cryptocurrency as a tech investment, let’s rather ask the question if it is too late to start investing in cryptocurrency today.

It’s difficult to say. There are hundreds of start-ups that issue cryptocurrency. Many of them turned investments of $10,000 into more than $1.5 million within 5 years. That is more than most mutual funds can say. If that is anything to go by, cryptocurrency may be a good tech investment that you can still consider today.