As any investor will testify, diversity holds the key to financial success in the modern age. This is why companies such as Bestinvest offer access to a wide range of domestic and international asset classes, as this enables clients to optimise their returns over time. It’s also important to create an agile and progressive portfolio, and many people choose to include a number of prominent and lucrative technologies.
Below, we’ll look at this year’s hottest tech assets and marketsand ask why it may be worth considering these before making your next investment.
Lithium, Cobalt and Battery Technology
In case you hadn’t noticed, electric vehicles are set to become all the rage over the course of the next 20 years or so. This evolution is gathering pace too, with more than two million such cars already sold worldwide and western governments pledging to outlaw the sale of petrol and diesel vehicles by 2040.
At the heart of this shift is advanced battery technology, which is driven by materials such as lithium and cobalt. Over the course of the last few years, we’ve seen the level of demand for these assets and their associated values soar, with smartphones and cordless appliances also using them as unique source of power.
Cobalt enjoyed a particularly pronounced increase in value last year, as it rose from US$30,000 per metric tonne in December 2016 to US$49,000 per tonne just three months later. This represented an increase of 63% during 12 weeks, and should this trend continue, it could remain one of the most lucrative technology assets throughout 2018 (although of course past performance isn’t an indicator of future performance).
Glu Mobile and Mobile Gaming
The mobile gaming sector represents a true growth market in 2018, and it’s projected to expand at an even faster rate in the near term. In fact, the market is expected to achieve a cumulative value of US$74.6 billion by the end of 2020, meaning it will have more than doubled in just five years.
This makes it a viable market for investors to target in 2018, with prominent developers such as Glu Mobile offering a relevant case in point. This company designs and produces games for smartphones, focusing on the development of title based on action movies and popular console experiences. Having worked its way out of debt and built strong cash reserves, it is the type of technology stock that could offer value in the current market and is indicative of an industry that continues to grow from strength to strength.
Artificial Intelligence
While artificial intelligence (AI) was little more than a concept a few years ago, it has now reached the consumer mainstream and triggered a major shift in business thinking. More specifically, business giants including Google and Microsoft have all created an ‘AI first’ strategy in recent times, as they look to leverage advanced machine learning to automate (and streamline) processes, organise data and improve efficiency.
With other corporations now following suit, AI is set to become a growth industry in the years ahead. As a result, it could be a good idea to invest in this now while assets can still be sourced at competitive prices and deliver a viable return.
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