Wouldn't you have liked to invest in Google back when it was still based out of a garage? Well... there's a relatively new technology that just might be the next big thing.
Wouldn’t you have liked to invest in Google back when it was still based out of a garage? Well… there’s a relatively new technology that just might be the next big thing.
12 years ago, only 30% of Americans had Internet access. Now it’s nealy ubiquitous. According to a survey compiled by Best Buy, currently only 20% of Americans have mobile phones that can connect to the web. 12 years from now, will Internet enabled phones also be everywhere? Probably. Can you make money by investing in mobile technology companies? Very likely.
You could always buy shares in the companies who’ve already benefited really big from the mobile internet revolution. Companies like Apple, Palm and Research in Motion (that’s the company that makes Blackberry phones) and the companies that supply the parts. But if individual stocks are too risky or too expensive, there’s always mutual funds that invest in technology.
Of course, it’s not guaranteed you’ll make money. For every Google there are a handful of Alta Vista’s (Never heard of them? Alta Vista was the search engine until Yahoo and Google essentially put them out of business). But mobile tech isn’t going away and is only becoming more widespread, so it’s definitely worth looking into.
Now you never invest in things without checking them out thoroughly. But meet me back here 12 years from now and let’s see if I was right on this one.