Clyde WTN

Six investing tips for the next decade

The world in 2030 may appear to be a long way off, yet it is an acceptable period for long-term investors.

1. COVID could be this generation’s Pearl Harbor

When the attack on Pearl Harbor occurred, the US artillery was 75 percent horse pulled. Nonetheless, by the conclusion of the war, they had entered the nuclear age. That remarkable shift launched a period of economic innovation and prosperity in the United States that lasted decades. COVID might be the catalyst that pushes us to address important challenges in the United States during the next decade, such as the rising expense of health care, education, and housing.

We may be living, working, studying, and playing in a very different planet by 2030. Our lives might be better, richer, healthier, and less expensive if we were more digital, virtual, and data-centric. Many of the technologies are already in place, but I feel there is still a lot of untapped opportunity for inventive firms to think larger and apply them to tackle social problems

2. Cash is an endangered species

Digital payments will be the standard in a decade, and people will look at you oddly if you try to pay with cash. For numerous years, we've seen this pattern in developing countries, where many customers lacked bank accounts but had mobile phones, allowing them to quickly adopt mobile payment technology.

The pandemic expanded the use of digital payments all throughout the world, especially in areas where they were previously uncommon. When the issue is addressed, more people will be comfortable making digital payments and will not need to use cash as frequently as they did previously.

If you start saving early, you take advantage of the effects of compounding interest on your investments over a long period of time. This has the potential to increase your total returns.

3. A cure for cancer may be around the corner

Cancer treatment may be closer than you think. In fact, I believe that cell therapy will be able to treat several malignancies between now and 2030. New, accurate diagnostics should allow for the identification of cancer development and localization at an early stage. Aside from that, cancer may be substantially eliminated as a significant cause of mortality with early detection.

4. Health care innovation will reach warp speed

We are already witnessing a tremendous surge of innovation and upheaval in the health care industry, which has the potential to create new opportunities for businesses, lower total costs, and, most importantly, enhance patient outcomes. Diagnostic breakthroughs will assist lead to early diagnosis of diseases, which will help make medications more effective — or, in some circumstances, treat disease before it occurs.

For some time, a wide range of traditional technology and medical technology businesses have been trying to produce home diagnostics, and patients are now benefiting from their efforts. These are low-cost gadgets that can gather a variety of health-related metrics that not only help us coach ourselves to better health, but can also be promptly transmitted to our doctor for additional advice.

5. Renewable energy could power the world

Renewable energy has always been viewed as costly, unworkable, and unprofitable, but this is rapidly changing. Some conventional utilities are already generating more than 30% of their revenue from renewables and have reached a tipping point where they are being recognised as growth firms rather than stodgy, old-economy power providers and system operators.

The shift to renewables is particularly visible in European utilities, where governments have set aggressive decarbonization objectives. The Renewable Energy Directive, for example, requires that a minimum of 32% of energy in the European Union come from renewable sources by 2030.

6. Electric and autonomous vehicles hit the fast lane

By 2030, fleets of self-driving electric vehicles will be widely deployed in most major and many secondary cities across the world. Personal car ownership will shift from a need to a luxury. Many individuals will continue to own automobiles, just as people ride horses or bicycles for recreation. However, personal automobiles will no longer be required as the major mode of transportation for most people.

Hybrid electric engines and hydrogen engines are anticipated to be incorporated into commercial aircrafts around 2030, with broad deployment following in the next 5–10 years. The impact on global emissions might be enormous if we move to a future with massive fleets of self-driving electric automobiles on the road and aviation transportation switching from oil-based fuel to a combination of oil, electricity and hydrogen.