Tip #5 - How to choose industries with good prospects
Every week we post a tip that we hope will help you become a successful share market investor.
Tip #5 — How to choose industries with good prospects
Some simple high-level thinking will quickly highlight industries with good potential. Here’s a few leading questions to get you thinking. There are plenty of other prospects as well.
- Will the world suddenly stop wanting the output of the Australian mining industry, or NZ dairy products?
- What are the implications of our aging population for retirement villages, rest homes, optometrists, dentists and providers of other medical services?
- Will tourists suddenly stop coming to Australia and NZ in ever increasing numbers?
- Does our banking industry have a good track record? (Hint: think APRA and the 4 pillars policy)
This information is not a recommendation nor a statement of opinion. You should consult an independent financial adviser before making any decisions with respect to your shares in relation to the information that is presented in this article.
FURTHER READING
Is your client data at risk? 5 questions to ask your tech provider
Protect client data with these five essential cybersecurity questions every financial adviser should ask their technology providers.
Get the full Sharesight experience with the app and web platform
Learn how to get the most out of Sharesight by using the app and web platform together for performance tracking, analysis, reporting and tax planning.
See clients' full wealth picture with Sharesight and myprosperity
Connect Sharesight and myprosperity to see clients’ full financial picture, streamline management, and deliver more insightful advice.