With multiple vaccines in the works and some almost ready for distribution, we are starting to see the light at the end of the coronavirus tunnel. The first item on your post-pandemic to-do list may be hitting the bar or hosting a dinner party. However, you should prioritize figuring out where to invest your money once Covid-19 is behind us.
Here are 3 industries that experts predict will thrive that you should invest in after the pandemic:
Consumer Goods
Very few people were prepared for the disastrous effects that came with the Covid-19 pandemic. Many of us saw empty shelves at grocery stores and people arguing over the last package of toilet paper. Experts believe that after seeing such chaos, there will likely be a long-term change in consumer mindset. Consumers will be more likely to regularly stock up on supplies that they would not want to run out of if they were forced to stay at home for an extended period of time. Investing in a consumer goods company such as Proctor & Gamble may yield great returns.
Technology
With much of the workforce indefinitely working from home, many people cannot imagine themselves ever going back into the office. In fact, a lot of people will opt to continue working from home. It saves time and money by not having to commute. There are multiple companies that aim to make working from home seamless, such as Zoom Video Communications, Microsoft, and Slack Technologies. Stocks in these companies have all seen a pretty consistent upward price movement, and they will most likely continue to as working from home becomes the norm, even after the pandemic.
Health Technology
The pandemic has forced many industries to be as innovative as possible in order to not lose business. One such industry is healthcare. Many people do not want to risk getting sick for a non-emergency doctor appointment, which is why telehealth has thrived during the pandemic. With no annoying waiting rooms, an easier appointment-making process, and the convenience of speaking to your doctor from anywhere you choose, telehealth will likely be an attractive option even after coronavirus. Companies such as Teladoc and MeMD will likely continue to see growth in a post-pandemic world.
Where do you think you should invest your money after the pandemic? Comment below.