Of course, no one can definitively answer this question. Recently, the Wall Street Journal shared a very encouraging article on this topic.
Much of the tech. rally and the overall success of the economy is linked to the global technology sector. Names that continue to dominate the headlines are Apple Inc., International Business Machines Corporation, Microsoft Corporation, and Tencent Holdings Limited – the Chinese internet company.
Paul Markham, a global equities portfolio manager at Newton investment management, states: “The narrow nature of this rally has to be seen as something of a concern, but these are cash-generative companies who are being seen as the bedrock of the new economy.
Steve Andriole, a contributor to Forbes, recently stated the following:
Citing IT consulting firm Gartner’s, Andriole says that augmented reality (AR) will increase dramatically by the year 2020. In case you are unfamiliar, augmented reality adds graphics, sounds, and touch feedback into the natural world. Unlike virtual reality, which requires you to inhabit an entirely virtual environment, augmented reality uses your existing natural environment and simply overlays virtual information on top of it. As both virtual and real worlds harmoniously coexist, users of augmented reality experience a new and improved world where virtual information is used as a tool to provide assistance in everyday activities.
- One application of augmented reality with which we are all familiar is GPS.
- Another example is found in the IKEA augmented reality furniture catalog in which users can place virtual IKEA furniture in their own home.
- Yet another prediction suggests that “the banking industry will derive $1 billion of business value from the use of blockchain-based cryptocurrencies.”
- Most commonly known as Bitcoin, blockchain, quite simply, is a digital, decentralized ledger that keeps a record of all transactions that take place across a peer – to – peer network. (Source: Wikipedia)
Again, while no one can accurately predict how long the Tech Rally will last, with predictions like those above, it certainly seems that the future remains bright.
(As always, nothing above is meant to be taken as a recommendation to buy or sell any particular company or product. The purpose of this blog is informational only.)
Barbara A. Culver
CFP®, ChFC®, CLU, AEP®