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Diversifying your portfolio is more important than ever in this worrying economic climate. Some traditional forms of investment have flagged, and new tech areas are looking better than ever. One of the most representative changes in recent years is that investing in an independent gambling brand, like Guts online casino, now represents a clever investment as online gambling is a massive market that still has international growth potential.
Not all investment opportunities will offer the same security and income potential. In this article, we’ll discuss five of the top industries to invest in this year.
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Online Casinos
The first smart investment industry is the online gambling industry. Online casinos have existed for nearly two decades but it’s only in the last five years that the market has exploded. Online gambling now makes up a massive percentage of the overall gambling market and there is no indication that this is likely to change any time soon.
One of the reasons that online casinos are a good investment is that the market is global, and access is steadily growing. As more governments realise the lucrative tax revenue that legal online casinos can generate, they are moving towards legalisation. This means that even if current regions become saturated, there is still growth potential internationally.
If investing directly in online casinos doesn’t appeal to you, for whatever reason, investing in game developers and studios is a great alternative that is still integral to the industry.
Property
Ever since the 2008 economic crash and the housing bubble bursting that followed, the housing and real estate market has been prone to swing shifts. However, as we’ve seen over the years, these swings always normalise. It might occasionally be a volatile market, but it is still a smart industry to invest in.
Recent surveys have shown that the housing market in New Zealand is seeing a steady upturn. The same is true in many other countries. The unsustainable spikes have passed, which makes it possible for a wider percentage of the population to have access to purchasing property. This makes now a great time to invest.
Renewable Energy
Our ability to rely on fossil fuels is coming to an end, which means that the renewable energy industry is going to need to be able to fill that gap. This means that not only will new renewable energy technologies have to be developed, but the existing renewable energy producers will have to scale up to meet increased demand.
The leading renewable energy sources are solar, hydro, geothermal, and wind power. All of these sectors show the potential for further growth and development. The success of each type of renewable energy does depend largely on the region, but as it is a global industry, this doesn’t matter as much for investors.
Two of the major ways to invest in renewable energy are to either invest in the utility or energy companies that are actually supplying the clean power or to invest in the companies that are producing the technology and components needed to produce the energy. Both are good investments with long-term potential.
Healthcare
Healthcare is an industry that has almost unlimited potential. Not only are new or improved treatments always being sought, but the existing infrastructure can be improved and expanded as well. It is also one of the most consistent and stable areas to invest in as it will always be necessary.
In addition, many countries, including New Zealand, are seeing a rise in the average age of the population and in the percentage of the population that are over 65 years old. As populations age, their healthcare needs increase. Meeting this demand will require a major expansion of existing healthcare systems and treatments.
Eco-friendly Textiles
Fast fashion has been dominating consumer fashion for decades but there is a major backlash against the industry that has been steadily growing in recent years. Consumers and industry leaders have both begun looking for alternatives and this is where the world of eco-friendly textiles comes in to play.
Eco-friendly and sustainable textiles are the key to sustainable fashion and a good industry to invest in now. It is no longer only the preserve of hippies and off-the-grid types, even major designers have begun to show an interest in working with these textiles. These include traditional natural fibres, like cotton, linen, and bamboo, and more innovative fabrics, like Mylo¾a leather made from mushrooms. It is a growth industry with the potential to expand and diversify a lot in the coming years.
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