I try to invest the money I earn from betting on the Stock Exchange. The stock market is quite undervalued in relation to the American one, which offers a great potential for growth as capital migrates from the overvalued American stock market to the eastern markets. That is why I will indulge in a slight offtopic today, which will perhaps inspire some readers to build a ‘second financial leg’.
The business world has changed radically between 2023 and 2024. What were originally predicted to be thriving industries have now lost ground, while other business sectors have unexpectedly risen from the ashes (e.g. hand sanitisers). On top of this, there has been a resurgence of interest in the stock market and investment, accelerated by the GameStop revolution (the ginning up of big players by organised groups of small investors). With so many new investors joining the fun, we thought we’d discuss some of the top industries to invest in in 2024. Read on to find out what we’re talking about!
Almost everything is online these days. Our personal information, our bank details, where we live and who we work for. As a result, cyber attacks have become a huge problem (including for SureBety.co.uk). Data leaks are commonplace, phishing messages are almost everywhere and viruses can infect our computers with one wrong click.
Increased demand for cyber security means that this technology industry looks particularly profitable for investors. As cyber-security is a big deal right now, below you will find a comparison of the most popular software for businesses.
The advantages of these tools are great, and their omission by companies can even be considered an unwise move in some cases. But where to start? Which cyber security solutions can really make a difference? Which ones hold promise and which ones will fall by the wayside?
Once again, we recommend becoming an expert in your chosen area of investment before buying shares in anything. Which areas of cyber security are most promising for potential investors will be best informed by business and academic journals dedicated to the subject.
Cloud computing
Organisations of all types, sizes and industries are using the cloud for a variety of applications, such as data backup, disaster recovery, email, virtual desktops, software development and testing, big data analytics and customer-facing web applications.
For example, healthcare companies are using the cloud to develop more personalised therapies for patients. Financial services companies use the cloud for real-time fraud detection and prevention. And video game developers are using the cloud to deliver online games to millions of players around the world.
Let’s highlight the benefits:
- flexibility,
- cost savings,
- deploy globally in minutes,
- wide range of technologies
The pandemic has made some people realise that they prefer to work from home. Even with the easing of restrictions, professionals may choose to combine remote and on-site working. This has made cloud computing a big deal. With the cloud, we can easily share files with each other, streamlining business operations and increasing productivity. What’s more, cloud computing is still evolving. Who knows what might happen next? So it is definitely a sensible industry to consider for investment in 2024.
Transport
Yes, the coronavirus pandemic has had a huge impact on the transport industry. In fact, this business sector has probably had the worst of all. As a result, share prices are lower than ever before. This might be a good time to examine this sector. It is worth checking which transport companies have weathered the crisis quite smoothly. This may be indicative of good management which, in the long term, should provide a competitive advantage in the transport industry.
The world as we remember it will no longer be the same after the end of the coronavirus pandemic. People have shifted to remote working to a greater extent. Aftermarket RV sales are on the rise. Means of transport will move towards electric vehicles. Perhaps even driverless perspective 5-20 years.
Interest in travel will increase as the pandemic subsides, but will they return to previous levels? I doubt it. I think more people will start to appreciate the benefits of the surrounding attractions. If you are well versed in cars, trains, ships or planes, then the transport industry is perhaps for you?
The stock market is known for its unpredictability. Remember to consider the risk/reward ratio and don’t rush into any decisions!
Information technology
Many US technology companies are already highly overvalued. Are there any among them that I am already going to consider? Finding an undervalued company of this type in the industry can be difficult, but not impossible. Technology continues to capture the imagination of investors, which often translates into share performance.
The technology sector is set to be the best performer in 2021, with strong growth likely to make some investors worry that shares in technology companies are expensive, the move to remote working has made cloud computing services and infrastructure more valuable, says Luke Lloyd, wealth adviser and investment strategist at Strategic Wealth Partners.
“We don’t foresee this going away anytime soon,” says Lloyd, adding that many small businesses have not set up systems that will allow them to be competitive in the new technology landscape. As a result, companies such as Microsoft Corp. (ticker: MSFT) with its Azure cloud service can thrive. In addition, the prospect of low interest rates for a long time means there is little upside and investors are prepared to pay for it, which is a factor supporting technology company stocks, says Matthew Fox, founder of Ithaca Wealth Management.
Information technology brings with it a number of diverse benefits, one of which is undoubtedly its impact on the growth of the entertainment sector. With the opportunities available, players from around the world, for example, can enjoy high-quality online slots. However, before deciding to enter the casino industry, it is worth checking out for yourself what this business is like from the player’s side. This can be checked without investing cash. To check out a few casinos, simply visit https://riichardcasino.com/. With this, selected online slots may offer a little extra to increase your chances of winning – you will find a continuously updated list in this regard at the link provided.
Artificial intelligence
Artificial intelligence has long been at the top of the ‘good investment’ list. This emerging technology has the potential to completely transform our lives as we know them. From the delivery of healthcare to the manufacturing of products, the possibilities of artificial intelligence are virtually limitless. As a result, it is one of the best industries to invest in in 2024. However, it is worth noting that investment in the AI sector is competitive.
The advantages of artificial intelligence are mainly:
- reduction of human error,
- takes risks instead of humans,
- available 24×7,
- assistance with repetitive work,
- digital assistance,
- faster decisions,
- everyday applications,
- new inventions
Everyone knows that this is now the world’s pioneering technology. Some dubious tech start-ups may also try to capitalise on this momentum, so don’t get too easily sucked in. Make sure you have done your research. If you’re thinking of investing in AI, be sure to allocate your assets across the board, using all-weather portfolio technology to limit your risk.
Companies are spending almost $20 billion annually on AI products and services. Tech giants such as Google, Apple, Microsoft and Amazon are spending billions to create these products and services, and universities are making AI a more visible part of their curricula (MIT alone is dropping $1bn on a new university dedicated solely to computer science, with a focus on AI).
The US Department of Defence is improving its AI operations to maintain its military dominance. We live in a time when remote-controlled robots fighting each other in a ‘loser quits’ tournament. It is probably only a matter of time when some of these robots will be enhanced with some kind of artificial intelligence. The temptation to go this way is great but let’s hope it doesn’t turn against humanity as we can see in some films.
Some of the developments in artificial intelligence are well on their way to becoming fully realised. Some are only theoretical and may remain so. All may be disruptive in some sense, but this development will already be difficult or even impossible to stop.
Virtual reality
Virtual reality is supposed to make people enjoy new experiences that are difficult to realise in the real world.
Virtual reality is another emerging technology that has been all the rage for the past few years. At the moment, the only common use of virtual reality is in video games, immersing people in photorealistic 3D simulations that they can interact with.
However, virtual reality has many other uses that scientists are only now discovering. For example, psychologists are using virtual reality to conduct more ethical experiments on participants.
Meanwhile, the healthcare industry is developing VR programmes that teach students how to perform surgery without exercising the patient, significantly reducing risk. Fire services are using VR in a similar way, creating simulations that require trainees to navigate difficult conditions without actual risk. Learning practical skills a’la Matrix?
VR has a lot of untapped potential, which investors can help researchers bring out through their funding. To minimise risk, it may be a good idea to start small and gradually increase payments once you are confident that the VR company you have invested in has enough traction and longevity to generate a real return.
Renewable energy
The climate crisis seems to be a worrying phenomenon that we are seeing in the 21st century. The damage to the planet could be very severe in decades to come. Naturally, this news has mobilised people to act. As a result, the renewable energy industry has received a lot of attention. Renewable or alternative energy can provide the planet with an infinite source of non-polluting energy. When coal, gas and oil supplies start to dwindle, we may have to rely on renewable energy. So it is not only necessary for environmental reasons.
Renewable energy is also worth betting on because of the following:
- less global warming,
- improved public health,
- inexhaustible energy,
- labour and other economic benefits,
- stable energy prices
Influential investors may find green energy industries most attractive because their money can tangibly change the world. Of course, research on renewable energy should be done before investing. Which new technologies can really make a difference to the planet? Which energy solutions are a good idea but simply not practical? Gaining a better insight into the overall market will help you make the right decisions about your investment, and this advice should really be applied to everything we have included within the list above.
The silver market
Undoubtedly linked to renewable energy and transportation is the silver market. Silver itself is not a mixture of valuable and industrial metal. Silver has many thousands of industrial uses (including for electric cars and photovoltaic panels), and for years its price has been heavily and artificially depressed.
At the end of January 2024, an ounce of silver costs around $24. In a 1-2 year timeframe, the price could reach $40, and positive scenarios speak of a limit of $80-200 per ounce a few years out. The negative scenario is a descent to a limit of $8-16/oz, which is a price cut-off due to silver production costs.
There are a number of risks here that need to be familiarised with before making an investment decision. The novice investor should also find out what the difference is between paper silver and physical silver
