Stocks and shares are a dicey and pricey business, and making a few investments isn’t, if things go wrong, dissimilar to gambling on a horse with 100/1 odds.
And if you’re not well versed in the ways of Wall Street, you’ll look less like Gordon Gecko in a swanky office and more like Norman Wisdom in a production of Mad Japes at the Wall Street Centre: Norm Wastes all his Wonga.
The stock market sector (and the financial sector in general) is littered with barely penetrable jargon, as well as the kind of trading rules that would make even Albert Einstein’s head spin.
To understand how far out of your depth you are, watch financial drama The Big Short on Netflix. After 10 minutes of that film, you’ll feel more out of your depth than a cat in a diving pool.
Investing wisely is even becoming difficult for the professionals in 2017, not least because of the turmoil created by a Trump presidency, Brexit and the potential further dissolution of the EU in other countries.
But that’s no reason to give up on the stock market entirely. To help you dip your toe in the pool, let us guide you towards a few key markets that are looking strong in 2017.
Building materials companies are generally always in heavy supply around the world. And although that makes their stock price high, it also means that you could make a killing in profits should you choose to invest in one part of the building materials industry.
Adhesives are a consistent and major component of the building industry, so whether you invest in contact adhesives, marine adhesives or another glue company, you’ll be on safe (if rather sticky) ground.
Artificial intelligence is a constantly emerging technology, one which seems to be in a never-ending state of refinement – and it’s taking over many companies.
Take, for instance, the insurance firm in Japan which is now run almost entirely by artificial intelligence. It might not be perfect for the employment sector, but it means that many AI companies are in strong form.
Put some cash into a healthy AI company and your stock might go far.
Big data is becoming one of the main currencies of business, and the mass collection of data has become incredibly easy with the power of the internet.
You might not be comfortable with the idea of your data being shared by companies, but it’s happening whether you like it or not.
The strength of this sector means taking a punt on it in the stock market could be worth a go. So take a look.