Investing in the stock market is important, especially as a member of the Millennial or Gen-Z population. In 2020, 55% of Americans say they own stock, less than 2008’s 62% of Americans. The thing is, you don’t have to be an expert in the financial market to partake in investing. That’s the biggest misconception. You do, however, have to think about how the current financial environment is affecting certain companies. The first step is to download Robinhood on your phone; this will make investing in stocks a breeze. The next step? Read on.
So, where exactly should I be investing?
You may want to look into transportation. Massively disrupted by the pandemic, the transportation industry is a great place to start. Looking more closely, investing could make you a profit in the long run. If you’re trying to determine what is included in transportation, start within the industrial sector. One of the best-known transportation stocks is UPS, thanks to the surge in online shopping. However, there are other places you can invest that not many people are looking at.
Competition between transportation companies
It makes sense companies within this sector are competing for a spot on the next upsurge. If you look past land transportation, you will find that air transportation is quite the underdog in the discussion of investments. At first glance, investing in airlines right now might not be appealing. Who really is flying right now? Similar to Airbnb’s potential, airlines such as Southwest Airlines, JetBlue, Delta Air Lines and American Airlines Group fall under the same group. These companies are fighting for the next spot in investments, and it would be smart to act now while a majority of people are looking away. People are going to want to start flying as soon as the pandemic ends, and that means families traveling to reunite.
Do you want in before everyone else when the stocks eventually boom?