The technological revolution is still going strong.
While you might not believe me, there is an enormous pressure for technological innovation that hasn’t stopped since the “.com boom.” We may not be dealing with a more efficient storage drive or the most efficient development of mobile technology, but there is still a thirst for improvement.
While FAANG companies (Facebook, Apple, Amazon, Netflix, and Google) have been stealing the spotlight with their outrageous returns this year, the next decade will most certainly be dominated by the Internet of Things (IoT).
The best IoT companies believe it or not, are companies you’ve likely never heard about. The Facebook AI is highly intriguing but they are under fire from experts in the field. The IoT is the field that focuses on interconnected software, sensory devices, and civil engineering to create technologies that are more readily able to adapt to the changing climate of Urban Sprawl in the digital age. The applications are endless which is why it is important to approach this early. This is technology that will not just dominate the next decade, but the century as well.
Nest Labs, a subsidiary of Alphabet, uses local weather patterns to automatically adjust home temperature control. They have been working on fine-tuning their product with R/D since 2010 and finally released their product at the end of last year.
So called “Smart homes” utilize Nest technology along with other tech such as smart refrigerators which are able to track purchase history to alert consumers as to when their food will expire, what items they must enjoy, and even the possible foods they can cook based on what they have in their fridge.
This technology was heavily invested into as early as the year 2000 but the average consumer didn’t find it worthwhile with a price point of over $20,000. Now the average refrigerator with this technology costs as low as $2,500.
How can you make money off this?
The ETF is called SNSR. SNSR is currently trading below 20 dollars per share and has holdings in all of the emerging IoT stocks.
Disclaimer: This is not investment advice, it is merely an opinion for informational purposes. Investing is a risky matter and people should do their own research prior to investing. We are not liable for any losses that may occur.