As investors, if we want to make money in the 21st Century, there’s one thing we have to keep in mind…
Only forward-thinking people will get rich.
All those who are stuck in the past and the “old” and established way of doing things? They’ll be left by the wayside.
If these throwbacks think they can still make money investing in what they used to invest in – they’ll find themselves holding the bag – with not even two coins to rub together.
Manufacturing, steel, transportation – these are dinosaurs of the past…
Sure, you can still make a little scratch now and again, but come the next 5 to 10 years, people will be shunning these markets like they’re the plague.
In the coming future, we’re basically only going to be able to make money through one medium…
Innovation. Innovation is the key.
It’s what made this country great in the first place. What made the “Greatest Generation” great wasn’t their triumph over the Axis of Evil in World War II…
No, what made them great were the innovations these men and women made after they returned home and especially those innovations made during the Race to the Moon of the 1960s.
So many of our GIANT leaps in technology were made because of what happened during these important years. Scientists had to not only figure out what was needed to survive in space – but how to make the innovations small enough to fit into a spacecraft filled to the brim with equipment.
Just SOME of the products that were dreamed up during the space race are now household items. If you’ve ever used or owned…
• Freeze-dried foods
• Cordless power tools & appliances
• Disposable diapers
• Fiber optics
• Satellite dish
• Bar codes
• Ear thermometer
• Smoke detector
Then guess what? You wouldn’t have been able to use these items had it not been for the space program.
That’s fact. It wasn’t manufacturing or goods that made these dreams into reality, it was innovation…
And it led the way then as it will lead the way now.
You may think I sound a little crazy here, but the truth is, I’m not the only one who believes this…
Arguably, the world’s smartest man, Neil deGrasse Tyson, has said the exact same thing. Now, I hate to promote a liberal like Bill Maher, but take a listen to what Neil said on his HBO talk show: (see the video HERE)
It all comes down to innovation.
Forget the ways we used to make money – they’re outdated and won’t work to the same effect as they did during the 20th Century.
We’re in a new millennium now, the 21st Century…
If you, as an investor want to continue to make money going forward, you need to find those companies that are, excuse my idiom here: boldly going where man has never gone before.
Those are the companies that are going to be leading the charge on Wall Street, and will continue to do so till the end of time.
Companies like Apple and Samsung in the tech world – Medivation or BGI (Beijing Genomics Institute) in the medical world – Yelp or Loveland Technologies in the service industry. These are the companies that are brining innovation and business as a whole into the 21st Century.
We can’t just rely on the old ways of doing business. Much like the asteroid that killed the dinosaurs and changed the course of life on our planet – the internet has forever changed the course of business forever.
We are evolving…
And our markets are evolving with us.
And just like with all evolutionary occurrences, when it comes to making money in the markets of tomorrow, you’re only going to have two choices…
Adapt or die.
What you choose to do is your decision…
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