Navigating your financial future can be tricky considering the many factors which quickly change the local and global markets.
Changes can come about with small events such as a misleading tweet from a CEO which causes a damaged public perspective, or through new elections such as we’ve seen recently in the United States.
Traditional investing strategies show returns but will they be viable as the world continues to take drastic changes, in what lately seems to be every other week? You need to look ahead.
This article will cover three different areas of industry that will be a major game-changer for the future of financial investments.
Cryptocurrency
Cryptocurrency, like Bitcoin, seemed like a flash in the pan when it was first introduced but who would have thought it to reach well over $1,100+ USD?
There are a variety of cryptocurrencies including:
- Litecoin
- Dogecoin
- Peercoin
- Namecoin
- Ripple
The diversification is amazing for investors but isn’t quite as easy to mine compared to the early node days. Intense, personal systems are now required to be in place to see significant results which often aren’t worthwhile considering the investment and power draw.
The emerging alternative is through cloud mining which taps into the power of cloud computing. The use of cloud computing greatly mitigates the up-front investment into mining operations.
Cryptocurrency will be one of the major market movers within the next 25 years. All one has to do is look at the investment trends of China toward Bitcoin to see it as a lasting force.
Artificial Intelligence
Artificial Intelligence has grown leaps and bounds within the past decade.
Humans make mistakes. Systems generally do not.
New developments in machine learning and artificial intelligence have even found their way into the financial markets. It’s quite common to now see large firms using bots and scrapers to scour social media and the Web to find emerging and declining trends. Entire startups are being built around using AI to provide algorithmic trading based on the use of big data.
These systems are able to compute far superior amounts of trading information than human counterparts.
This could mean the future of trading is less in the hands of brokers and more so in those that operate and build upon this AI & machine learning. Especially when they make their way out of the large firms and into the smaller operations that you and I are likely to use in our investments.
The “Sharing Economy”
The sharing economy is the idea and practice to allow individuals to offer their vehicles, homes/apartments, and other items to the public. Think Uber or AirBnB.
It goes well beyond vehicles and lodging. Many apps and platforms have emerged to cut out the middle-man whether it’s offering a service like cleaning or finding a space to park.
This dynamic shift has given the average investor amazing leveraging on their investments. An individual investing in multiple properties, for example, can become a game-changer in the hospitality market when paired with AirBnB.
The future of investing may come full circle. Instead of bloated stock options, funds, and trusts — a person may want to consider physical items, real estate, and marketable skills which can be leveraged through these new platforms and market-minded shifts towards the sharing economy.
The Future is Disruption
Investment futures will be disrupted the same as we’re seeing through automation.
We are taking back control of our financial futures without the need for traditional institutions.
It’s going to be a wild ride!
What are your predictions for investments for the near future? Share your thoughts with a comment!