Making Money From Change

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No, no. I am not going to be talking about that fast filling coin jar sitting on top of your dresser. Not that kind of change. Although, let me just throw it out there for good measure that I still encourage you to toss all of your spare change into a coin jar. That stuff really adds up fast, and if you have trouble saving money in the first place, this is a great way to get the ball rolling. I am talking about the changing environment within which we all now are living. We can make money by acknowledging the changes, and investing in them. For example, since the start of the pandemic more and more people have been working from home. And studies suggest that while many will likely head back to the office at some point, a good number of people will not. Let's face it. Office space can be expensive, and if companies find that they can produce the same level of work without the high cost of renting office space... They are probably going to want to take advantage of those cost savings. So, investing in a company like Zoom is probably not a bad idea. It's user rate will likely drop a bit once we get past all of this pandemic stuff. But the seed has been planted, and a company like Zoom can profit greatly from this new way of communicating intra-business. As well, streaming music and video are the latest thing. So, investing in companies that offer these kinds of services are a great way to cash in on this area of the change. Retail, and how we buy things is changing dramatically as well. So, it makes sense to invest in companies like Amazon, and others in this digital retail space. Don't discount some more traditional companies like Walmart though. They are fast picking up some of the slack and getting onboard with these new ways of doing business, and while a company like Amazon can still give them a good run for their money, consider that Amazon also still, despite their largesse, control only a small portion of market share here. Other interesting companies to take a look at are ones like the recently IPO'd DoorDash. More and more people are going to want to use their food delivery services, and now that people can order foods to be delivered other than pizza or Chinese, this can be a good way to profit from this new trend. As for some of the others in the food delivery market, I am not as fond of them. I am not saying they are not good companies to own. I just think DoorDash will be better in this sector. With these changing times I also like companies like Netflix and I still think Visa and MasterCard are good companies to own as well, since these two credit card companies will be handling the bulk of these transactions and of course they make their money from the fees they charge for that service to banks and retailers.