While there is a lot of uncertainty in the economy and nearly every type of investment in the world these days due to the pandemic, that doesn’t mean that there aren’t any great investments to make. Even if there is a second wave of the virus coming, Wall Street, banks, and various industries are determined to try and get back to normal as much as they possibly can. Consumers themselves are as well.
What should you be investing in right now? Where will your money be safe – or at least as safe as possible? What industries will most likely survive both in the short-term and the long-term?
Here are a few industries / sectors that might very well turn out to be great investments to make. Just remember that these are some suggestions to help you get started, and that there are never any 100% guarantees.
This is one of the largest and most complex industries in the world as it is comprised of a variety of companies that sell medical services and products. Some companies sell drugs, some sell insurance, some sell medical devices, etc… The sector also includes the hospitals, clinics, and healthcare providers themselves. The stocks represented by the Health Care SPDR fund have been performing very well, and doing even better than the broader market.
With many people still stuck at home, the communication sector is thriving. From video chatting services to entertainment streaming, there are plenty of opportunities for investors to get involved. A few communications companies that might very well be great investments to make right now include Electronic Arts Inc (EA), T-Mobile US Inc., and Omnicom Group Inc.
As summers keeps getting warmer and dryer, there is an increase in need for air conditioning in homes and workplaces. Air conditioning and cooling technologies are something nobody can live without in July and August. You should especially look into the repair and replacement aspects of the HVAC sector, since it takes up the bulk of sales and surpasses new construction and installation.
Ecommerce is an industry that will only continue to grow as more and more people make purchases over their smartphones. Even retail chains and actual brick and more stores have their own apps and allow consumers to shop entirely from their phones or computers. In addition, digital payment segment is really getting more successful and versatile.
Do additional research on any of these if you are interested in learning more about all of the options. To get some better ideas on great investments to make, it’s a good idea to look into online investing newsletters and resources such as Capitalist Exploits.