Today, the society is benefiting from the technological advancements fronted by different people and companies. In the last few years, technology has changed the way people decorate their homes, entertain themselves and how they shop. As the interest of the public shifts, it can be challenging for people interested in learning to invest to achieve financial freedom.
The right investment techniques can facilitate an individual to get on the path to future financial freedom. However, choosing the right investment opportunities and specific companies to invest in can be a daunting process. This is particularly true if an individual does not know the process making shrewd investment decisions.
People should consider investing in virtual reality entertainment. The present version of television, video games and movies will soon be overtaken by the virtual reality technology that governs the entertainment industry. Virtual reality and augmented reality are concepts that make a person to feel that he or she is playing an active role in the video game or movie. The concept is expected to grow over the next few years. Firms that produce such equipment and software have experienced growth rates of more than 900 percent.
The prescription drug market is another great investment opportunity. Despite of being lucrative, a large part of the revenue generated from this industry goes to independent pharmacies. However, this strategy is about to change. Recently, Amazon revealed that they were intending to enter the industry. This is likely to affect the profits made by pharmacies. Investor Paul Mampilly advises people not to be tempted to buy stocks of pharmacies due to the impact that Amazon will have once it enters the industry.
3-D printing is another crucial investment area. In previous years, constructing a home was a complex venture that needed several stages of planning development. The process could take a long time to complete. With 3-D printing, homes can now be built quickly. Investors that put their money in the advanced technology will have a valuable investment because of the demand for such services.
About Paul Mampilly
Paul Mampilly is the senior editor of Banyan Hill Publishing. He joined the firm in 2016. Paul specializes on assisting Main Street Americans to acquire wealth by investing in small-cap stocks, technology and special opportunities. Paul Mampilly is a graduate of Fordham University where he earned his MBA. In 1991, he began working as an assistant portfolio manager for Bankers Trust when he joined Wall Street. Paul Mampilly went on to serve in senior positions at Deutsche Bank and Kinetics Asset Management. He was invited to take part in an investment completion organized by the Templeton Foundation. Paul Mampilly emerged a winner when he grew an investment of $50 million to $88 million during the 2008/2009 financial crisis.
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