| Hi Taylor
- This is a question that's half about employment and half about investing.
What are the booming industries right now? And are those good options
for stock buying as well as for hiring? Does that make sense?
Hi Aldon - I follow what you're saying, so it makes sense to me!
In general, I always assume an industry that's adding lots of jobs
is at least worth considering from an investment standpoint, but it's
not always cut and dry. Let's dig in a little.
industries. Right now we're seeing a lot of growth in global
companies that partake in travel, shipping, and sales. It's not
that these are new industries, but rather the global markets are
still catching up from time lost to Covid and all the supply chain
issues. For example, global airport operations is the fastest
growing industry, but it's not like every big city has added a
new airport. That said, the hospitality job market is scorching
hot as hotels, resorts, restaurants, and tourist services are
enjoying the boom that comes with added travel. If you're looking
for work, look no further than hospitality!
2. Adapting industries. This relates directly to the global
growth we're seeing. Disruption always leads to innovation, and
delivery and shipping systems were among the most disrupted sectors
over the past three years. Whether it comes from emerging companies
or industry stalwarts that shake things up, I think there will
be some exciting investment opportunities in businesses that handle
shipping and deliveries. Online retail is another fast-growing
industry, and someone has to make sure people's orders get boxed
and arrive safely on the buyer's doorstep. How have these things
changed in your daily life over the last few years? Consider your
personal experiences and how they affect your thoughts about a
3. Forever boomers. Year after year, tech and healthcare are
always top candidates for employment growth as well as an influx
of shareholders. You'll find a lot of value stocks in these industries,
which carry more risk than long-term growth stocks but make great
investments if you get in when the getting is good. Tech will
always be changing, adapting, and revolutionizing commerce. Meanwhile,
we'll never stop trying to make healthcare and medicine better.
While we can always expect growth in these sectors, it's tough
to figure out which new companies will flourish while others fizzle
| A growing job
market doesn't always mean a certain industry is prime for your investment
capital, but it can be a pretty strong indicator. Hopefully, my thoughts
can help with whatever decisions you might be making. Thanks, Aldon!
Information presented is for educational purposes only and is not
an offer or solicitation for the sale or purchase of any specific
securities, investments, or investment strategies. Investments involve
risk and, unless otherwise stated, are not guaranteed. Be sure to
first consult with a qualified financial adviser and/or tax professional
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